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:
----------------------------------------------------------
DJIA: Closed @ 8,852.22 (-127.04)
NASDAQ: Closed @ 1,711.29 (-6.42)
S and P 500: Closed @ 940.55 (-5.88)
----------------------------------------------------------
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%
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:
----------------------------------------------------------
DJIA: Closed @ 8,852.22 (-127.04)
NASDAQ: Closed @ 1,711.29 (-6.42)
S and P 500: Closed @ 940.55 (-5.88)
----------------------------------------------------------
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%
Labels: djia, nasdaq, s_and_p_500, stock_market, stocks, weekly_numbers
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posted by Steve Brown | 10/17/2008 11:47:00 PM
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