Bear Market Update

Bear Market Update for March 23, 2020:

• Since closing at a record high of 29,551.42 on February 12, 2020, the Dow Jones Industrial Average (DJIA) has lost 10,959.49 points (-37.086%.)
  
  
• Since closing at a record high of 3,386.15 on February 19, 2020, the Standard + Poor's 500 Index has lost 1,148.75 points (-33.925%.)
  
  
• Since closing at a record high of 9,817.18 on February 19, 2020, the NASDAQ Composite Index has lost 2,956.51 points (-30.116%.)
  
  
• Since closing at a record high of $145.29 on July 3, 2008, a barrel of NYMEX Crude Oil for future delivery has lost $121.93 (-83.922%.)

 Summary of The U.S. Markets for Today:

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DJIA: lost 582.05 points to close @ 18,591.93 (-3.036%)

NASDAQ: lost 18.84 points to close @ 6,860.67 (-0.275%)

S + P 500: lost 67.52 points to close @ 2,237.40 (-2.929%)

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

The United States Prime Rate is 3.25%

10-Year Treasury Note Yield is currently @ 0.788%

 

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The New York Stock Exchange & The NASDAQ Stock Market Are Closed Today

The New York Stock Exchange® and the NASDAQ Stock Market® are closed today in observance of the President's Day holiday.

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NYMEX Crude Oil Future is currently @ $58.52/barrel

NY Spot Gold closed @ $668.50/ounce

In New York, The U.S. Dollar buys 0.7603 Euros

In New York, The Euro buys 1.3152 U.S. Dollars

The Federal Funds Target Rate is 5.25%

10-Year Treasury Note Yield is currently @ 4.69%

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All 3 Majors Declined Today As Crude Edged Closer to $60

All 3 major indexes declined today as the price on a barrel of crude oil for future delivery edged closer to the $60 mark. 1,604,923,960 shares were traded @ The New York Stock Exchange®.


Summary of The U.S. Markets:

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DJIA: Closed @ 12,637.63 (-29.24)

NASDAQ: Closed @ 2,488.67 (-1.83)

S&P 500: Closed @ 1,448.31 (-1.71)

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NYMEX Crude Oil Future closed @ $59.72/barrel

NY Spot Gold closed @ $659.10/ounce

In New York, The U.S. Dollar buys 0.7686 Euros

In New York, The Euro buys 1.301 U.S. Dollars

The Federal Funds Target Rate is 5.25%

10-Year Treasury Note Yield is currently @ 4.73%

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All 3 Majors Gained Today

All 3 major indices advanced today as crude oil for future delivery dropped below the $58 mark. 1,481,106,520 shares were traded @ The New York Stock Exchange® today.


Summary of The U.S. Markets:

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DJIA: Closed @ 12,666.87 (+0.56)

NASDAQ: Closed @ 2,490.50 (+19.01)

S&P 500: Closed @ 1,450.02 (+2.02)

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NYMEX Crude Oil Future is currently @ $57.88/barrel

NY Spot Gold closed @ $651.20/ounce

In New York, The U.S. Dollar buys 0.7678 Euro

In New York, The Euro buys 1.3024 U.S. Dollars

The Federal Funds Target Rate is 5.25%

10-Year Treasury Note Yield is currently @ 4.745%

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A Modest Gain for Each of the 3 Majors Today

All 3 major indexes advanced today, albeit modestly. 1,478,749,520 shares were traded @ The New York Stock Exchange® today.


Summary of The U.S. Markets:

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DJIA: Closed @ 12,666.31 (+4.57)

NASDAQ: Closed @ 2,471.49 (+0.89)

S&P 500: Closed @ 1,448.00 (+1.01)

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NYMEX Crude Oil Future closed @ $59.36/barrel

NY Spot Gold closed @ $652.80/ounce

In New York, The U.S. Dollar buys 0.7699 Euros

In New York, The Euro buys 1.2988 U.S. Dollars

The Federal Funds Target Rate is 5.25%

10-Year Treasury Note Yield is currently @ 4.765%

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The DJIA Was The Only Major Index to Advance Today

The Dow Jones Industrial Average (DJIA) was the only major index to advance today, as the price on a barrel of crude oil for future delivery crept closer to the $60 mark. 1,413,708,770 shares were traded @ The New York Stock Exchange® today.


Summary of The U.S. Markets:

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DJIA: Closed @ 12,661.74 (+8.25)

NASDAQ: Closed @ 2,470.60 (-5.28)

S&P 500: Closed @ 1,446.99 (-1.40)

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NYMEX Crude Oil Future closed @ $59.11/barrel

NY Spot Gold closed @ $647.80/ounce

In New York, The U.S. Dollar buys 0.7737 Euros

In New York, The Euro buys 1.2924 U.S. Dollars

The Federal Funds Target Rate is 5.25%

10-Year Treasury Note Yield is currently @ 4.808%

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All 3 Majors Gained for The Week Despite Higher Crude Oil Prices

All 3 major indexes advanced this week despite the price on crude oil for future delivery rising by $3.60. On the day, both the NASDAQ Composite and S and P 500 gained, but the Dow Jones Industrial Average (DJIA) retreated. 1,432,817,950 shares were traded @ The New York Stock Exchange® today.

For the week, the DJIA gained 166.47 points (+1.333%), the NASDAQ Composite Index gained 40.39 points (+1.658%), and the S and P 500 Index gained 26.21 points (+1.843%).

Summary of The U.S. Markets:

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DJIA: Closed @ 12,653.49 (-20.19)

NASDAQ: Closed @ 2,475.88 (+7.50)

S and P 500: Closed @ 1,448.39 (+2.45)

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WTI Crude Oil Future closed @ $59.02/barrel

NY Spot Gold closed @ $645.70/ounce

In New York, The U.S. Dollar buys 0.7715 Euros

In New York, The Euro buys 1.2961 U.S. Dollars

The Federal Funds Target Rate is 5.25%

Ten-Year Treasury Note Yield is currently @ 4.827%

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All 3 Majors Gained with A Brand New Record High for The DJIA

All 3 major indexes advanced today; the Dow Jones Industrial Average (DJIA) closed at 12,673.68, a new record high. 1,695,290,470 shares were traded @ The New York Stock Exchange® today.


Summary of The U.S. Markets:

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DJIA: Closed @ 12,673.68 (+51.99)

NASDAQ: Closed @ 2,468.38 (+4.45)

S and P 500: Closed @ 1,445.94 (+7.70)

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WTI Crude Oil Future is currently @ $57.47/barrel

NY Spot Gold closed @ $656.30/ounce

In New York, The U.S. Dollar buys 0.768 Euros

In New York, The Euro buys 1.302 U.S. Dollars

The Federal Funds Target Rate is 5.25%

Ten-Year Treasury Note Yield is currently @ 4.837%

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All 3 Majors Gain As Fed Continues On Hold

All 3 major indexes advanced today as investors reacted bullishly to Fed inaction on short-term interest rates and a better-than-expected fourth-quarter GDP report. 1,727,346,680 shares were traded @ The New York Stock Exchange® today.


Summary of The U.S. Markets:

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DJIA: Closed @ 12,621.69 (+98.38)

NASDAQ: Closed @ 2,463.93 (+15.29)

S + P 500: Closed @ 1,438.24 (+9.42)

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WTI Crude Oil Future is currently @ $57.80/barrel

NY Spot Gold closed @ $652.40/ounce

In New York, The U.S. Dollar buys 0.7676 Euros

In New York, The Euro buys 1.3028 U.S. Dollars

The US Prime Rate is 8.25%

Ten-Year Treasury Note Yield is currently @ 4.826%

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All 3 Majors Gained Today

All 3 major indexes advanced today despite a sharp spike in crude oil prices. 1,533,994,590 shares were traded @ The New York Stock Exchange® today.


Summary of The U.S. Markets:

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DJIA: Closed @ 12,523.31 (+32.53)

NASDAQ: Closed @ 2,448.64 (+7.55)

S&P 500: Closed @ 1,428.82 (+8.20)

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NYMEX Crude Oil Future closed @ $56.66/barrel

NY Spot Gold closed @ $645.70/ounce

In New York, The U.S. Dollar buys 0.773 Euros

In New York, The Euro buys 1.2937 U.S. Dollars

The Federal Funds Target Rate is 5.25%

10-Year Treasury Note Yield is currently @ 4.875%

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All 3 Majors Retreated On The Week

The NASDAQ Composite Index was the only major index to advance today; all 3 major indexes retreated on the week. 1,512,879,630 shares were traded @ The New York Stock Exchange® today.

For the week, the DJIA lost 78.51 points (-0.629%), the NASDAQ Composite Index fell by 15.82 points (-0.65%), and the S + P 500 Index lost 8.32 points (-0.585%).


Summary of The U.S. Markets:

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DJIA: Closed @ 12,487.02 (-15.54)

NASDAQ: Closed @ 2,435.49 (+1.25)

S + P 500: Closed @ 1,422.18 (-1.72)

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Crude Oil for Future Delivery closed @ $55.42/barrel in New York.

NY Spot Gold closed @ $644.60/ounce

In New York, The U.S. Dollar buys 0.7743 Euros

In New York, The Euro buys 1.2916 U.S. Dollars

The Federal Funds Target Rate is 5.25%

Ten-Year Treasury Note Yield is currently @ 4.879%

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Only The DJIA Advanced for The Week

Both the S&P 500 and NASDAQ Composite advanced today, but the Dow Jones Industrial Average (DJIA) lost some ground. For the week, however, the DJIA was the only major index to advance despite the continued slide of crude oil prices, as investors digested earnings reports and the prospect that the Fed most likely won't lower short-term interest rates any time soon. 1,529,113,350 shares were traded @ The New York Stock Exchange® today.

For the week, the DJIA added 9.45 points (+0.075%), the NASDAQ Composite Index fell by 51.51 points (-2.101%), and the S + P 500 Index lost 0.23 point (-0.016%).

Summary of The U.S. Markets:

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DJIA: Closed @ 12,565.53 (-2.40)

NASDAQ: Closed @ 2,451.31 (+8.10)

S + P 500: Closed @ 1,430.50 (+4.13)

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WTI Crude Oil Future closed @ $51.99/barrel

NY Spot Gold closed @ $635.40/ounce

In New York, The U.S. Dollar buys 0.7717 Euros

In New York, The Euro buys 1.2959 U.S. Dollars

The Fed Prime Rate is 8.25%

Ten-Year Treasury Note Yield is currently @ 4.773%

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