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Economy

Economic Data (USA)

Friday, February 06, 2009

All 3 Majors Advanced On The Week Despite Somber Economic Reports

All 3 major indices gained ground on the day and the week despite dismal economic news: consumer spending fell by 1.0% during December, U.S. manufacturing was still in decline during January and the jobless rate jumped to 7.6% last month.

For the week, the DJIA added 279.73 points (+3.496%), the NASDAQ Composite Index gained 115.29 point (+7.809%), and the S&P 500 Index advanced by 42.72 points (+5.173%).


Summary of The U.S. Markets for Today:

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DJIA: Closed @ 8,280.59 (+217.52)

NASDAQ: Closed @ 1,591.71 (+45.47)

S&P 500: Closed @ 868.60 (+22.75)

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NYMEX Crude Oil Future closed @ $40.17/barrel

NY Spot Gold closed @ $911.40/ounce

In New York, The U.S. Dollar buys 0.7727 Euros

In New York, The Euro buys 1.2941 U.S. Dollars

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

Ten-Year Treasury Note Yield is currently @ 2.98%

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