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Economy

Economic Data (USA)

Friday, January 09, 2009

All 3 Majors Lost More Than Three Percent On The Week

Each of the 3 major indices lost more than 3% on the week as a diverse group of companies including Alcoa, Walgreens and EMC Corp. announced job cuts. The Labor Department reported that nonfarm payrolls shrank by 524,000 last month while the unemployment rate jumped to 7.2%. Crude oil for future delivery finished the week at $40.83 per barrel in New York.

For the week, the DJIA lost 435.51 points (-4.82%), the NASDAQ Composite Index declined by 60.62 points (-3.714%), and the S and P 500 Index lost 41.45 points (-4.448%).


Summary of The U.S. Markets for Today:

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DJIA: Closed @ 8,599.18 (-143.28)

NASDAQ: Closed @ 1,571.59 (-45.42)

S and P 500: Closed @ 890.35 (-19.38)

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NYMEX Crude Oil for Future Delivery closed @ $40.83/barrel

NY Spot Gold closed @ $853.60/ounce

In New York, The U.S. Dollar buys 0.7422 Euros

In New York, The Euro buys 1.3473 U.S. Dollars

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

Ten-Year Treasury Note Yield is currently @ 2.407%

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