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Economy

Economic Data (USA)

Friday, October 31, 2008

All 3 Majors Surged by More Than 10% On The Week

Discouraging reports about the U.S. economy weren't enough to keep stocks down this week, as investors anticipated and reacted bullishly to Wednesday's 50 basis point cut by the Fed.

For the week, the DJIA surged by 946.06 points (+11.291%), the NASDAQ Composite Index increased by 168.92 points (+10.884%), and the S and P 500 Index added 91.98 points (+10.491%).


Summary of The U.S. Markets for Today:

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DJIA: Closed @ 9,325.01 (+144.32)

NASDAQ: Closed @ 1,720.95 (+22.43)

S and P 500: Closed @ 968.75 (+14.66)

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NYMEX Crude Oil Future closed @ $67.81/barrel

NY Spot Gold closed @ $723.70/ounce

In New York, The U.S. Dollar buys 0.7858 Euros

In New York, The Euro buys 1.2725 U.S. Dollars

The Federal Funds Target Rate is 1.00%

10-Year Treasury Note Yield is currently @ 3.97%

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