All 3 Majors Retreated On The Week
All 3 major indices retreated on the week despite cheaper crude oil and a stronger dollar. Earlier today, the Labor Department reported that the jobless rate jumped to 6.1% last month, while non-farm payrolls declined by 84,000.
For the week, the DJIA lost 322.59 points (-2.795%), the NASDAQ Composite Index lost 111.64 points (-4.715%), and the S&P 500 Index shed 40.52 points (-3.159%).
Summary of The U.S. Markets for Today:
----------------------------------------------------------
DJIA: Closed @ 11,220.96 (+32.73)
NASDAQ: Closed @ 2,255.88 (-3.16)
S&P 500: Closed @ 1,242.31 (+5.48)
----------------------------------------------------------
NYMEX Crude Oil Future closed @ $106.23/barrel
NY Spot Gold closed @ $802.90/ounce
In New York, The U.S. Dollar buys 0.7009 Euros
In New York, The Euro buys 1.4267 U.S. Dollars
The Federal Funds Target Rate is 2.00%
10-Year Treasury Note Yield is currently @ 3.66%
For the week, the DJIA lost 322.59 points (-2.795%), the NASDAQ Composite Index lost 111.64 points (-4.715%), and the S&P 500 Index shed 40.52 points (-3.159%).
Summary of The U.S. Markets for Today:
----------------------------------------------------------
DJIA: Closed @ 11,220.96 (+32.73)
NASDAQ: Closed @ 2,255.88 (-3.16)
S&P 500: Closed @ 1,242.31 (+5.48)
----------------------------------------------------------
NYMEX Crude Oil Future closed @ $106.23/barrel
NY Spot Gold closed @ $802.90/ounce
In New York, The U.S. Dollar buys 0.7009 Euros
In New York, The Euro buys 1.4267 U.S. Dollars
The Federal Funds Target Rate is 2.00%
10-Year Treasury Note Yield is currently @ 3.66%
Labels: djia, nasdaq, s_and_p_500, stock_market, stocks, weekly_numbers
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posted by Steve Brown | 9/05/2008 11:21:00 PM
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