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Economy

Economic Data (USA)

Friday, November 14, 2008

All 3 Majors Lost More Than 4.99% On The Week

All 3 major indexes lost ground on both the day and the week. Investors reacted bearishly to a relatively sharp decline in retail sales last month, and to news of last week's 516,000 new claims for jobless benefits. Crude oil for future delivery finished the week at $57.04 per barrel in New York on expectations of a protracted global recession.

For the week, the DJIA shed 446.50 points (-4.992%), the NASDAQ Composite Index fell by 130.55 points (-7.925%), and the S and P 500 Index lost 57.70 points (-6.198%).


Summary of The U.S. Markets for Today:

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DJIA: Closed @ 8,497.31 (-337.94)

NASDAQ: Closed @ 1,516.85 (-79.85)

S and P 500: Closed @ 873.29 (-38.00)

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NYMEX Crude Oil for Future Delivery closed @ $57.04/barrel

NY Spot Gold closed @ $742.30/ounce

In New York, The U.S. Dollar buys 0.7933 Euros

In New York, The Euro buys 1.2606 U.S. Dollars

The Federal Funds Target Rate is 1.00%

Ten-Year Treasury Note Yield is currently @ 3.75%

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