All 3 Majors Advanced On The Week As Crude Drops Below $89

All 3 major indexes advanced on the week as crude oil for future delivery dropped below the $89 mark. Stocks enjoyed gains thanks in no small part to cheaper crude and forecasts that the Fed will probably cut the benchmark Fed Funds Target Rate on December 11^TH.

1,928,127,590 shares were traded @ The New York Stock Exchange® today.

For the week, the DJIA added 390.84 points (+3.011%), the NASDAQ Composite Index added 64.36 points (+2.479%), and the S&P 500 Index gained 40.44 points (+2.807%).

Summary of The U.S. Markets for Today:

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DJIA: Closed @ 13,371.72 (+59.99)

NASDAQ: Closed @ 2,660.96 (-7.17)

S&P 500: Closed @ 1,481.14 (+11.42)

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NYMEX Crude Oil Future closed @ $88.71/barrel

NY Spot Gold closed @ $783.10/ounce

In New York, The U.S. Dollar buys 0.6834 Euros

In New York, The Euro buys 1.4633 U.S. Dollars

The Federal Funds Target Rate is 4.50%

10-Year Treasury Note Yield is currently @ 3.972%

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