Market Summary 9/13/2010
Stock Market Closing Prices – 9/13/10
Dow ( DJIA ) Close - 10544.13 +81.36
Nasdaq Close - 2285.71 +43.23
S&P 500 Close – 1121.90 +12.35
Commodities Closing Prices – 9/13/10
Gold Close - 1245.10
Oil Close – 77.16
Natural Gas – 3.94
The Dow were up 81 points to 10544 as growth in Chinese industrial production and strength from banks firm the market.
Thanks to the news from China, crude oil settled up 74 cents to $77.19. Gold rose 60 cents to $1,247.10 an ounce at the close in New York.
The major index ( Dow/Nasdaq/S&P500) are now trading above their simple 200-day moving averages for the first time in a month which is bullish.
Microsoft was up 5.2% to $25.11 as Bloomberg said MSFT might sell bonds to pay for dividends and buy back shares. Intel was up 3.3% today to $18.56 after the company said its new "Sandy Bridge" core processors will be available next year.
Economic Date: September 14,2010
U.S. retail sales for August. 8 a.m.
U.S. business inventories for July. 10 a.m.