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Economy

Economic Data (USA)

Friday, February 27, 2009

All 3 Majors Lost More Than 4 Percent On The Week

Each of the 3 major indexes lost more than 4 percent on the week, with new bear-market lows for the Dow Jones Industrial Average (DJIA) and the S&P 500. The DJIA experienced its worst February since 1933.

Shares of DJIA component Citigroup (C) ended the week at $1.50 per share on news that the federal government will increase its stake in the banking giant.

On Tuesday, The Conference Board reported that its Consumer Confidence Index fell to an all-time record low of 25.0 this month.

For the week, the DJIA shed 302.74 points (-4.11%), the NASDAQ Composite Index declined by 63.39 points (-4.398%), and the S&P 500 Index lost 34.96 points (-4.54%).


Summary of The U.S. Markets for Today:

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DJIA: Closed @ 7,062.93 (-119.15)

NASDAQ: Closed @ 1,377.84 (-13.63)

S&P 500: Closed @ 735.09 (-17.74)

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NYMEX Crude Oil Future closed @ $44.76/barrel

NY Spot Gold closed @ $939.60/ounce

In New York, The U.S. Dollar buys 0.7894 Euros

In New York, The Euro buys 1.2668 U.S. Dollars

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

10-Year Treasury Note Yield is currently @ 3.041%

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