.comment-link {margin-left:.6em;}


Economic Data (USA)

Friday, November 21, 2008

All 3 Majors Lost More Than 5% On The Week

All 3 major indices enjoyed gains on the day, but all 3 declined by more than 5% on the week. President-elect Obama's likely nomination of New York Federal Reserve Bank president Timothy Geithner to be America's next Treasury Secretary sparked a near-market-close rally in which the Dow Jones Industrial Average (DJIA) surged by more than 500 points. Crude oil for future delivery ended the week at $49.93 per barrel in New York.

For the week, the DJIA lost 450.89 points (-5.306%), the NASDAQ Composite Index fell by 132.50 points (-8.735%), and the S and P 500 Index shed 73.26 points (-8.389%).

Summary of The U.S. Markets for Today:


DJIA: Closed @ 8,046.42 (+494.13)

NASDAQ: Closed @ 1,384.35 (+68.23)

S and P 500: Closed @ 800.03 (+47.59)


NYMEX Crude Oil Future closed @ $49.93/barrel

NY Spot Gold closed @ $801.60/ounce

In New York, The U.S. Dollar buys 0.7943 Euros

In New York, The Euro buys 1.2589 U.S. Dollars

The Federal Funds Target Rate is 1.00%

10-Year Treasury Note Yield is currently @ 3.167%

Labels: , , , , ,

--> www.FedPrimeRate.com Privacy Policy <--




Entire Website © 2024 FedPrimeRate.comSM

This website is neither affiliated nor associated with The United States Federal Reserve
in any way. Information in this website is provided for educational purposes only. The owners
of this website make no warranties with respect to any and all content contained within this
website. Consult a financial professional before making important decisions related to any
investment or loan product, including, but not limited to, business loans, personal loans,
education loans, first or second mortgages, credit cards, car loans or any type of insurance.