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Economic Data (USA)

Friday, March 06, 2009

All 3 Majors Lost More Than 6 Percent On The Week

Each of the 3 major indexes lost more than 6% on the week, with fresh, bear-market lows for the Dow Jones Industrial Average (DJIA) and the S and P 500.

For the week, the DJIA shed 435.99 points (-6.173%), the NASDAQ Composite Index declined by 83.99 points (-6.096%), and the S and P 500 Index lost 51.71 points (-7.035%).

Bear Market Update: since closing with record highs on October 9, 2007, the Dow Jones Industrial Average (DJIA) has now declined by 7,537.59 points (53.215%), while the broader S&P 500 Index has fallen by 881.77 points (56.338%). The record high for the DJIA is 14,164.53; for the S&P 500 Index it's 1,565.15.

For the year, the DJIA is down 2,149.45 points (24.491%), while the S&P 500 is down 219.87 points (24.342%).

Summary of The U.S. Markets for Today:


DJIA: Closed @ 6,626.94 (+32.50)

NASDAQ: Closed @ 1,293.85 (-5.74)

S and P 500: Closed @ 683.38 (+0.83)


NYMEX Crude Oil for Future Delivery closed @ $45.52/barrel

NY Spot Gold closed @ $938.40/ounce

In New York, The U.S. Dollar buys 0.7904 Euros

In New York, The Euro buys 1.2652 U.S. Dollars

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

Ten-Year Treasury Note Yield is currently @ 2.83%

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