Market Summary 8/26/2010

Stock Market Closing Prices – 8/26/10

Dow ( DJIA ) Close - 9985.81 -74.25
Nasdaq Close - 2118.69 -22.85
S&P 500 Close – 1047.22 -8.11

Commodities Closing Prices – 8/26/10

Gold Close - 1237.70
Oil Close – 72.96
Natural Gas – 3.83

The Dow closed down 74 points to 9986 .

The bears won the day today as economic fears and weakness in IBM and Cisco weighted market.

Jobless claims aren't as bad as expected. Gold dips; crude oil rises.

The battle will erupt again Friday when the government reports a revision to GDP and Fed Chairman Ben Bernanke discusses how the Fed can help the economy start growing again.

Economic Data: August 27, 2010

U.S. second-quarter GDP revision. 8:30 a.m.
Final Univ. of Michigan consumer sentiment for August. 10 a.m.
Fed Chairman Ben Bernanke keynote speech at Jackson Hole, Wyo., conference. 10 a.m.