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Economy

Economic Data (USA)

Friday, October 17, 2008

All 3 Majors Advanced On The Week On Cheaper Crude Oil

Despite disheartening economic reports released since last Friday, each of the 3 major indices added points on the week as the price on crude oil for future delivery sank to $71.85 per barrel in New York.

For the week, the DJIA added 401.03 points (+4.745%), the NASDAQ Composite Index gained 61.78 points (+3.745%), and the S and P 500 Index advanced by 41.33 points (+4.596%).


Summary of The U.S. Markets for Today:

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DJIA: Closed @ 8,852.22 (-127.04)

NASDAQ: Closed @ 1,711.29 (-6.42)

S and P 500: Closed @ 940.55 (-5.88)

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NYMEX Crude Oil Future closed @ $71.85/barrel

NY Spot Gold closed @ $782.90/ounce

In New York, The U.S. Dollar buys 0.742 Euros

In New York, The Euro buys 1.3478 U.S. Dollars

The Federal Funds Target Rate is 1.50%

10-Year Treasury Note Yield is currently @ 3.938%

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