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:

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DJIA: Closed @ 8,046.42 (+494.13)

NASDAQ: Closed @ 1,384.35 (+68.23)

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

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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%

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