All 3 Majors Lost More Than 6% On The Week
All 3 major indices lost more than 6% on the week. Earlier today, investors were spooked after U.S. Senator Christopher Dodd said that some American banks may have to be nationalized for a short time. Financial stocks suffered. Shares of Citigroup (C) closed at $1.95 per share, while shares of Bank of America (BAC) closed at $3.79 per share.
Dodd is the chairman of the Senate Banking Committee.
The price on New York Spot Gold moved closer to the $1,000 mark, closing the week at $993.20 per ounce.
For the week, the DJIA shed 484.74 points (-6.175%), the NASDAQ Composite Index declined by 93.13 points (-6.07%), and the S&P 500 Index lost 56.79 points (-6.868%).
Summary of The U.S. Markets for Today:
----------------------------------------------------------
DJIA: Closed @ 7,365.67 (-100.28)
NASDAQ: Closed @ 1,441.23 (-1.59)
S&P 500: Closed @ 770.05 (-8.89)
----------------------------------------------------------
NYMEX Crude Oil Future closed @ $40.03/barrel
NY Spot Gold closed @ $993.20/ounce
In New York, The U.S. Dollar buys 0.7796 Euros
In New York, The Euro buys 1.2828 U.S. Dollars
The Target Range for the Fed Funds Rate is 0% - 0.25%
10-Year Treasury Note Yield is currently @ 2.772%
Dodd is the chairman of the Senate Banking Committee.
The price on New York Spot Gold moved closer to the $1,000 mark, closing the week at $993.20 per ounce.
For the week, the DJIA shed 484.74 points (-6.175%), the NASDAQ Composite Index declined by 93.13 points (-6.07%), and the S&P 500 Index lost 56.79 points (-6.868%).
Summary of The U.S. Markets for Today:
----------------------------------------------------------
DJIA: Closed @ 7,365.67 (-100.28)
NASDAQ: Closed @ 1,441.23 (-1.59)
S&P 500: Closed @ 770.05 (-8.89)
----------------------------------------------------------
NYMEX Crude Oil Future closed @ $40.03/barrel
NY Spot Gold closed @ $993.20/ounce
In New York, The U.S. Dollar buys 0.7796 Euros
In New York, The Euro buys 1.2828 U.S. Dollars
The Target Range for the Fed Funds Rate is 0% - 0.25%
10-Year Treasury Note Yield is currently @ 2.772%
Labels: djia, nasdaq, s_and_p_500, stock_market, stocks, weekly_numbers
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posted by Steve Brown | 2/20/2009 11:16:00 PM
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