Sunday, August 06, 2006

The week in review

  • DJIA gained 20.65 points, 0.18% to finish the week at 11,240.35. Well, it's better than a poke in the eye with a sharp stick.
  • S and P 500 gained 0.81 points, 0.06% and finished at1279.36.
  • 10-year Treasury yield dropped again this week, 0.093 percentage points and closed at 4.903%.
  • Crude oil gained $1.52 but stayed below $75 at $74.76.
The treasury market shows again this week that traders think the end of rate hikes is at hand, or at least close. Stocks are still moving day by day on response to whatever news is coming from the Middle East.

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