Market Watch 12/23/2009
(2009-12-23 21:45:12)
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Stock Market Closing Prices - 12/23/09
Dow Jones Industrial Average ( DJIA ) Close – 10466.44 +1.51
Nasdaq Stock Market Close – 2269.64 +16.97
S&P 500 Close – 1120.59 +0
Commodities Closing Prices - 12/23/09
Gold Close – 1096.30 +3.00
Oil Close – 77.18 +0.51
The Commerce Department said sales of new homes plunged 11.3 percent in November to their lowest level since March. The slump was disappointing for two reasons -- economists had forecast an increase, and the news came a day after stocks climbed higher on a separate report showing a better-than-expected gain in sales of existing homes last month.
The housing disappointment followed news that personal spending and income both rose in November. However, economists say growth remains too weak to sustain a strong economic recovery.
Volume was light as investors closed up shop ahead of the Christmas holiday. The market will be open a half day on Thursday and closed on Friday.