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Economy

Economic Data (USA)

Wednesday, December 31, 2008

All 3 Majors Lost More Than 33 Percent On The Year

All 3 major indexes gave up more than 33% on the year. The Dow Jones Industrial Average (DJIA) experienced its worst yearly decline since the Great Depression. For both the DJIA and the S&P 500 Index, 2008 was their third-worst year ever.

For the year, the DJIA lost 4,488.43 points (-33.837%), the NASDAQ Composite Index lost 1,075.25 points (-40.541%), and the S&P 500 Index declined by 565.11 points (-38.486%).

For the year:

  • Crude oil for future delivery declined by $51.38 (+53.532%)
  • New York Spot Gold advanced by $47.50 (+5.7%)
  • Click here to see how each of the 30 DJIA stocks performed during 2008.
  • Click here for the 10 best and 10 worst performing stocks in the S&P 500 Index for 2008.

Summary of The U.S. Markets for Today:

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DJIA: Closed @ 8,776.39 (+108.00)

NASDAQ: Closed @ 1,577.03 (+26.33)

S&P 500: Closed @ 903.25 (+12.61)

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NYMEX Crude Oil Future closed @ $44.60/barrel

NY Spot Gold closed @ $880.80/ounce

In New York, The U.S. Dollar buys 0.7107 Euros

In New York, The Euro buys 1.407 U.S. Dollars

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

Ten-Year Treasury Note Yield is currently @ 2.244%

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