Market Watch 11/23/2009

Stock Market Closing Prices - 11/23/09 

Dow Jones Industrial Average ( DJIA ) Close – 10450.95  Up 132.79

Nasdaq Stock Market Close – 2176.01  Up 29.97

S&P 500 Close – 1106.24  

Commodities Closing Prices - 11/23/09
Gold            – 1164.30
Oil               –     77.32

Natural Gas –    4.473

 

Today investors found plenty of reasons to return to stocks.

 

- The dollar resumed its long slide, sending prices for commodities including gold and oil higher and in turn, the stocks of companies that produce them.

- The National Association of Realtors reported that October home sales rose more than 10 percent revived investors' optimism after disappointing data on the housing industry last week raised concerns about the strength of the economic recovery.

At the same time, many portfolio managers have cooled their buying, not wanting to risk losing the big returns they've made since stocks began rallying in March. Those opposing forces are likely to result in choppy trading over the next few weeks, analysts said, which will be exacerbated by light volume as the holidays approach.