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Economy

Economic Data (USA)

Friday, January 30, 2009

DJIA and S&P 500 Suffer Their Worst January Ever

All 3 major indices declined on the day and the week. The Dow Jones Industrial Average (DJIA) and the S&P 500 Index both suffered their worst January on record. For the month, the DJIA lost 775.53 points (8.837%) while the broader S&P 500 lost 77.37 points (8.566%).

For the week, the DJIA lost 76.70 points (-0.95%), the NASDAQ Composite Index declined by 0.87 point (-0.059%), and the S and P 500 Index lost 6.07 points (-0.73%).


Summary of The U.S. Markets for Today:

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DJIA: Closed @ 8,000.86 (-148.15)

NASDAQ: Closed @ 1,476.42 (-31.42)

S and P 500: Closed @ 825.88 (-19.26)

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NYMEX Crude Oil for Future Delivery closed @ $41.68/barrel

NY Spot Gold closed @ $927.10/ounce

In New York, The U.S. Dollar buys 0.7805 Euros

In New York, The Euro buys 1.2812 U.S. Dollars

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

Ten-Year Treasury Note Yield is currently @ 2.844%

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