Market Watch 11/16/2009

Today is Monday. The weather is sunny in here.

Stock Market Closing Prices - 11/16/09

Dow Jones Industrial Average ( DJIA ) Close - 10406.96 Up 136.49
Nasdaq Stock Market Close - 2197.85 Up 29.97
S&P 500 Close - 1109.30 Up 15.82

Commodities Closing Prices - 11/16/09
Gold - 1138.60
Oil - 78.57

Stocks got another boost as Fed Chairman Ben Bernanke reaffirmed in a midday speech that the central bank would hold interest rates at record-low levels for an "extended period," and that he didn't see signs that the money being pumped into the economy by the government was creating speculative bubbles. Bond prices rose after Bernanke said inflation appeared contained.

Some analysis said the strong gains in stocks are being driven by trades like those involving the dollar and not by healthy economic fundamentals.

Other analysts said they are not worried that the market is getting overheated because of improvements they see  in corporate profits.