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The Dow, S&P and NASDAQ are all negative for the week, experiencing their worst weekly losses in 3 months.

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Published: Friday, 23 May 2008 | 4:30 PM ET

The equity markets were all down well over 3% for the week as soaring oil prices dominated the market.
-Microsoft down almost 7% for the week, was the biggest drag by impact on both the S&P 500 and the NASDAQ 100.
-JP Morgan down more than 9% for the week, was the biggest drag by impact on the Dow.



The S&P 500 sectors were all negative for the week. The most negative sector was Financials, down more than 6% for the week, with the biggest laggard Moody's which was down over 24% for the week.
-Utilities were down only -0.08% helped by the almost 4% weekly gain of Exelon

The equity markets were all down well over 3% for the week as soaring oil prices dominated the market.
-Microsoft down almost 7% for the week, was the biggest drag by impact on both the S&P 500 and the NASDAQ 100.
-JP Morgan down more than 9% for the week, was the biggest drag by impact on the Dow.



Oil dominated the markets again this week hitting a new record close of $133.17 per barrel on Wednesday and a new intraday high of $135.09 on Thursday. Oil prices rallied on a weaker dollar and concerns over stagnating production in Russia and other non-OPEC producers.
-Gold also rallied 3% this week as expensive oil increases gold's appeal as a hedge against inflation.

The equity markets were all down well over 3% for the week as soaring oil prices dominated the market.
-Microsoft down almost 7% for the week, was the biggest drag by impact on both the S&P 500 and the NASDAQ 100.
-JP Morgan down more than 9% for the week, was the biggest drag by impact on the Dow.



The U.S. Dollar lost ground against most major currencies on a sustained elevation in crude oil prices and a weak U.S. stock market.
-The Euro came close to its all-time record of $1.6020 against the US dollar
*The Euro/US Dollar pair is the most actively traded currency in the Million Dollar Portfolio Challenge with more than 10B units traded since Wednesday, for more information, and how to trade, go to www.milliondollar.cnbc.com

The equity markets were all down well over 3% for the week as soaring oil prices dominated the market.
-Microsoft down almost 7% for the week, was the biggest drag by impact on both the S&P 500 and the NASDAQ 100.
-JP Morgan down more than 9% for the week, was the biggest drag by impact on the Dow.

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The equity markes were all down well over 3% for the week as soaring oil prices dominated the market.
  Price   Change %Change
EXC ---
MSFT ---

   
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