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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.

Friday, August 31, 2007

The NASDAQ Composite was The Only Major To Advance On The Week

The NASDAQ Composite was the only one of the 3 major indexes to advance this week, despite a Bernanke-inspired rally on Friday: the futures market is still pricing in 100% odds that the Fed will cut short-term rates on September 18. Crude oil for future delivery closed at $74.04 per barrel.

1,394,383,190 shares were traded @ The New York Stock Exchange® today.

For the week, the DJIA lost 21.13 points, the NASDAQ Composite Index added 19.67 points (+0.763%), and the S&P 500 Index lost 5.38 points.

Summary of The U.S. Markets for Today:

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DJIA: Closed @ 13,357.74 (+119.01)

NASDAQ: Closed @ 2,596.36 (+31.06)

S&P 500: Closed @ 1,473.99 (+16.35)

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NYMEX Crude Oil Future closed @ $74.04/barrel

NY Spot Gold closed @ $673.20/ounce

In New York, The U.S. Dollar buys 0.7337 Euros

In New York, The Euro buys 1.363 U.S. Dollars

The Federal Funds Target Rate is 5.25%

10-Year Treasury Note Yield is currently @ 4.537%

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