Market Watch 11/12/2009

Today is Thursday, The weather is sunny in here.

 

Here is today’s market summary,

 

Dow           -93.79    -0.91%       10197.47

Nasdaq      -17.88     -0.83%         2149.02

S&P500     -11.27     -1.03%         1087.24

 

Crude oil fell $2.34 to settle at $76.94 per barrel on the New York Mercantile Exchange. Gold fell after eight days of gains, settling at $1,106.60.

 

Analysis said that there is very light volume so it looks like the market wants to do a little consolidating here.

 

On the New York Stock Exchange, where consolidated volume came to 4.2 billion shares compared with 4.3 billion Wednesday.

A jump in the nation's energy inventories sent stocks falling Thursday as investors worried that demand for oil and gasoline is falling because of the struggling economy.

But stocks could get a boost Friday from The Walt Disney Co., which said after the closing bell that its quarterly profit jumped 18 percent on better results at its movie studio.