All 3 Majors Gained for The Week On Anticipated Rate Cut by The Fed
All 3 major indexes advanced this week, despite crude oil finishing above $79 per barrel, as investors got bullish in anticipation of an expected rate cut by the Fed next week. The price on NY Spot gold closed above the $708 mark.
1,205,539,300 shares were traded @ The New York Stock Exchange® today.
For the week, the DJIA gained 329.14 points (+2.51%), the NASDAQ Composite Index added 36.48 points (+1.422%), and the S&P 500 Index gained 30.70 points (+2.112%).
Summary of The U.S. Markets for Today:
----------------------------------------------------------
DJIA: Closed @ 13,442.52 (+17.64)
NASDAQ: Closed @ 2,602.18 (+1.12)
S&P 500: Closed @ 1,484.25 (+0.30)
----------------------------------------------------------
NYMEX Crude Oil Future closed @ $79.10/barrel
NY Spot Gold closed @ $708.60/ounce
In New York, The U.S. Dollar buys 0.7207 Euros
In New York, The Euro buys 1.3876 U.S. Dollars
The Federal Funds Target Rate is 5.25%
10-Year Treasury Note Yield is currently @ 4.462%
1,205,539,300 shares were traded @ The New York Stock Exchange® today.
For the week, the DJIA gained 329.14 points (+2.51%), the NASDAQ Composite Index added 36.48 points (+1.422%), and the S&P 500 Index gained 30.70 points (+2.112%).
Summary of The U.S. Markets for Today:
----------------------------------------------------------
DJIA: Closed @ 13,442.52 (+17.64)
NASDAQ: Closed @ 2,602.18 (+1.12)
S&P 500: Closed @ 1,484.25 (+0.30)
----------------------------------------------------------
NYMEX Crude Oil Future closed @ $79.10/barrel
NY Spot Gold closed @ $708.60/ounce
In New York, The U.S. Dollar buys 0.7207 Euros
In New York, The Euro buys 1.3876 U.S. Dollars
The Federal Funds Target Rate is 5.25%
10-Year Treasury Note Yield is currently @ 4.462%
Labels: djia, nasdaq, s_and_p_500, stock_market, stocks, weekly_numbers
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posted by FedPrimeRate.com | 9/14/2007 09:59:00 PM
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