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Economy

Economic Data (USA)

Friday, December 05, 2008

All 3 Majors Swung Lower On The Week

All 3 major indexes advanced on the day, despite news of 533,000 job cuts during November 2008. All 3 majors retreated on the week. Crude oil for future delivery closed at $40.81 per barrel earlier today.

For the week, the DJIA shed 193.62 points (-2.193%), the NASDAQ Composite Index lost 26.26 points (-1.71%), and the S and P 500 Index fell by 20.17 points (-2.251%).


Summary of The U.S. Markets for Today:

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DJIA: Closed @ 8,635.42 (+259.18)

NASDAQ: Closed @ 1,509.31 (+63.75)

S and P 500: Closed @ 876.07 (+30.85)

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NYMEX Crude Oil for Future Delivery closed @ $40.81/barrel

NY Spot Gold closed @ $754.30/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 @ 2.657%

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