Market Watch 2/26/10
(2010-02-26 21:03:08)
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Stock Market Closing Prices – 2/26/10
Dow Jones Industrial Average ( DJIA ) Close – 10325.26 +4.23
Nasdaq Stock Market Close – 2238.26 +4.04
S&P 500 Close – 1104.09 +1.56
Commodities Closing Prices – 2/26/10
Gold Close – 1118.30 +10.50
Oil Close – 79.66 +1.44
Natural Gas – 4.81
Gross domestic product grew at an annual rate of 5.9 percent, above the 5.7 percent previous estimate. Growth is expected to slow in the coming quarters. GDP is revised higher but home sales fall.
The mixed reports added to investors' confusion about the economy. Analysts are divided over whether a recovery is on track. That has led to swings in the stock market after nearly a year of huge gains. Major stock indexes were strong in February but are down about 1 percent for the year. This week, stocks have fallen, jumped and slid again as worries about the economy intensified and eased.