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Economy

Economic Data (USA)

Friday, May 08, 2009

The S&P 500 Gained Just Under Six Percent on The Week

Each of the 3 major indexes advanced on the week despite news that the national unemployment rate jumped to 8.9% last month. Yesterday, the Federal Reserve released the results of the Supervisory Capital Assessment Program (SCAP).

For the week, the DJIA added 362.24 points (+4.411%), the NASDAQ Composite Index rose by 19.80 points (+1.152%), and the S and P 500 Index gained 51.71 points (+5.893%).

Summary of The U.S. Markets for Today:

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DJIA: Closed @ 8,574.65 (+164.80)

NASDAQ: Closed @ 1,739.00 (+22.76)

S and P 500: Closed @ 929.23 (+21.84)

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NYMEX Crude Oil for Future Delivery closed @ $58.63/barrel

NY Spot Gold closed @ $916.20/ounce

In New York, The U.S. Dollar buys 0.7335 Euros

In New York, The Euro buys 1.3634 U.S. Dollars

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

Ten-Year Treasury Note Yield is currently @ 3.293%

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