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Economy

Economic Data (USA)

Friday, March 20, 2009

All 3 Majors Edged Higher On The Week

Each of the 3 major indexes advanced on the week. On Wednesday, the Federal Open Market Committee (FOMC) of the Federal Reserve opted keep short-term rates at current levels, and announced plans to buy up to $300 billion of long-term Treasury securities.

For the week, the DJIA added 54.40 points (+0.753%), the NASDAQ Composite Index advanced by 25.77 points (+1.8%), and the S and P 500 Index gained 11.99 points (+1.585%).


Summary of The U.S. Markets for Today:

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DJIA: Closed @ 7,278.38 (-122.42)

NASDAQ: Closed @ 1,457.27 (-26.21)

S and P 500: Closed @ 768.54 (-15.50)

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NYMEX Crude Oil for Future Delivery closed @ $52.07/barrel

NY Spot Gold closed @ $952.60/ounce

In New York, The U.S. Dollar buys 0.7363 Euros

In New York, The Euro buys 1.3582 U.S. Dollars

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

Ten-Year Treasury Note Yield is currently @ 2.625%

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