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Economy

Economic Data (USA)

Friday, November 07, 2008

All 3 Majors Surged On The Day But Lost More Than 3% On The Week

All 3 major indices added points on the day, but all 3 lost more than 3% on the week. On November 4TH, Americans decided to give the Democrats control of the White House, the Senate and the House of Representatives effective January 20, 2009 at noon.

For the week, the DJIA lost 381.20 points (-4.088%), the NASDAQ Composite Index fell by 73.55 points (-4.274%), and the S and P 500 Index gave up 37.76 points (-3.898%).


Summary of The U.S. Markets for Today:

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DJIA: Closed @ 8,943.81 (+248.02)

NASDAQ: Closed @ 1,647.40 (+38.70)

S and P 500: Closed @ 930.99 (+26.11)

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NYMEX Crude Oil for Future Delivery closed @ $61.04/barrel

NY Spot Gold closed @ $733.90/ounce

In New York, The U.S. Dollar buys 0.7863 Euros

In New York, The Euro buys 1.2718 U.S. Dollars

The Federal Funds Target Rate is 1.00%

Ten-Year Treasury Note Yield is currently @ 3.78%

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