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Stock Market Blog

News and Notes about The Dow Jones Industrial Average (DJIA), The NASDAQ Composite Index, The S & P 500 Index, New York Spot Gold, NYMEX Crude Oil Future, the 10-Year Treasury Note Yield, the Federal Funds Target Rate and the New York Stock Markets in General.

Tuesday, August 29, 2006

The Possibility that The Fed May Remain on The Sidelines Helped The 3 Majors Advance Today

The 3 major indices advanced today as investors got bullish in response to the content in the minutes from the August 8TH Federal Open Market Committee (FOMC) monetary policy meeting. 1,376,852,020 shares were traded @ The New York Stock Exchange®.


Summary of The U.S. Markets:

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DJIA: Closed @ 11,369.94 (+17.93)

NASDAQ: Closed @ 2,172.30 (+11.60)

S&P 500: Closed @ 1,304.28 (+2.50)

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NYMEX Crude Oil Future is currently @ $70.00/barrel

NY Spot Gold closed @ $610.60/ounce (-$4.30)

In New York, The U.S. Dollar buys 0.7795 Euros

In New York, The Euro buys 1.2829 U.S. Dollars

The U.S. Prime Rate (WSJ Prime Rate) is 8.25%

10-Year Treasury Note Yield is currently @ 4.783%


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