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Economy

Economic Data (USA)

Friday, December 12, 2008

The DJIA Was The Only Major to End The Week Lower

On the week, the S&P 500 and the NASDAQ Composite both advanced while the Dow Jones Industrial Average (DJIA) declined. On Thursday, the Labor Department reported 573,000 new claims for jobless benefits. Earlier today, investors learned of a sharp decline in retail and food services sales for November.

For the week, the DJIA shed 5.74 points (-0.066%), the NASDAQ Composite Index added 31.41 points (+2.081%), and the S and P 500 Index advanced by 3.66 points (+0.418%).


Summary of The U.S. Markets for Today:

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DJIA: Closed @ 8,629.68 (+64.59)

NASDAQ: Closed @ 1,540.72 (+32.84)

S and P 500: Closed @ 879.73 (+6.14)

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NYMEX Crude Oil for Future Delivery closed @ $46.28/barrel

NY Spot Gold closed @ $822.00/ounce

In New York, The U.S. Dollar buys 0.748 Euros

In New York, The Euro buys 1.337 U.S. Dollars

The Federal Funds Target Rate is 1.00%

10-Year Treasury Note Yield is currently @ 2.589%

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