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Economy

Economic Data (USA)

Friday, December 26, 2008

All 3 Majors Declined On The Week Despite Crude Falling Below $38

All 3 major indexes declined on the week despite crude oil for future delivery closing at $37.71 per barrel. The week saw worrisome reports on new and existing homes, new claims for jobless benefits and consumer spending.

For the week, the DJIA lost 63.56 points (-0.741%), the NASDAQ Composite Index fell by 34.08 points (-2.179%), and the S&P 500 Index lost 15.08 points (-1.698%).


Summary of The U.S. Markets for Today:

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DJIA: Closed @ 8,515.55 (+47.07)

NASDAQ: Closed @ 1,530.24 (+5.34)

S&P 500: Closed @ 872.80 (+4.65)

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NYMEX Crude Oil Future closed @ $37.71/barrel

NY Spot Gold closed @ $868.70/ounce

In New York, The U.S. Dollar buys 0.7129 Euros

In New York, The Euro buys 1.4026 U.S. Dollars

The Target Range for the Fed Funds Rate is 0% - 0.25%

Ten-Year Treasury Note Yield is currently @ 2.137%

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