All 3 Majors Surged by More Than 10% On The Week
Discouraging reports about the U.S. economy [1 , 2, 3] weren't enough to keep stocks down this week, as investors anticipated and reacted bullishly to Wednesday's 50 basis point cut by the Fed.
For the week, the DJIA surged by 946.06 points (+11.291%), the NASDAQ Composite Index increased by 168.92 points (+10.884%), and the S&P 500 Index added 91.98 points (+10.491%).
Summary of The U.S. Markets for Today:
----------------------------------------------------------
DJIA: Closed @ 9,325.01 (+144.32)
NASDAQ: Closed @ 1,720.95 (+22.43)
S&P 500: Closed @ 968.75 (+14.66)
----------------------------------------------------------
NYMEX Crude Oil Future closed @ $67.81/barrel
NY Spot Gold closed @ $723.70/ounce
In New York, The U.S. Dollar buys 0.7858 Euros
In New York, The Euro buys 1.2725 U.S. Dollars
The Federal Funds Target Rate is 1.00%
10-Year Treasury Note Yield is currently @ 3.97%
For the week, the DJIA surged by 946.06 points (+11.291%), the NASDAQ Composite Index increased by 168.92 points (+10.884%), and the S&P 500 Index added 91.98 points (+10.491%).
Summary of The U.S. Markets for Today:
----------------------------------------------------------
DJIA: Closed @ 9,325.01 (+144.32)
NASDAQ: Closed @ 1,720.95 (+22.43)
S&P 500: Closed @ 968.75 (+14.66)
----------------------------------------------------------
NYMEX Crude Oil Future closed @ $67.81/barrel
NY Spot Gold closed @ $723.70/ounce
In New York, The U.S. Dollar buys 0.7858 Euros
In New York, The Euro buys 1.2725 U.S. Dollars
The Federal Funds Target Rate is 1.00%
10-Year Treasury Note Yield is currently @ 3.97%
Labels: djia, nasdaq, s_and_p_500, stock_market, stocks, weekly_numbers
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posted by Steve Brown | 10/31/2008 11:23:00 PM
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