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Stock Market Closing Prices – 1/20/10
Dow Jones Industrial Average ( DJIA ) Close – 10603.15 -122.28
Nasdaq Stock Market Close – 2291.25 -29.15
S&P 500 Close – 1138.04 -12.19
Commodities Closing Prices – 1/20/10
Gold Close – 1112.30 -27.40
Oil Close – 77.15 -1.87
Natural Gas – 5.50
Stock fall on concerns tighter lending in China will hurt growth; Banks are mixed on results.
The concern in the markets is that China's drive to clamp down on bank lending could endanger a global economic recovery. That helped send the dollar higher against other currencies and pushed commodity prices lower, which hurt the stocks of energy and materials companies.
The market could get a lift Thursday from better-than-expected results at online auction company eBay Inc. and Starbucks Corp. Both companies reported higher profits after the close of regular stock trading.
Tomorrow we’ll get earnings out of Goldman Sachs and Google.
Tomorrow's economic report,
Initial Unemployment Claims
Leading indicators
Crude inventories
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