Market Summary 9/15/2010

Stock Market Closing Prices – 9/15/10

Dow ( DJIA ) Close - 10572.73 +46.24
Nasdaq Close - 2301.32 +11.55
S&P 500 Close – 1125.07 +3.97

Commodities Closing Prices – 9/15/10

Gold Close - 1266.70
Oil Close – 75.72
Natural Gas – 4.00

The Dow were up 46 points to 10573.

The s&p 500 was up 4 points to 1125, twice the S&P 500 has faded after reaching 1,130, resistance level!

Early in the day, the big news was the yen after the Japanese government sold the currency for the first time in six years in a bid to push it lower against the dollar. The dollar has surged 3.3% against the yen to trade at 85.76.

Crude oil fell 78 cents to $76.02 per 42-gallon barrel. Gold fell $3 to $1,268.70 an ounce after hitting a closing high on Tuesday.

Tomorrow is an important day, the government will report on initial jobless claims, which have fallen for two straight weeks after hitting 504,00 in the week ended Aug. 14.

Economic Date: September 16, 2010

U.S. weekly jobless claims, 8:30 am , PPI for August and current account for second quarter. 8:30 a.m.
FedEx to release quarterly results before market open .
Oracle/Research in Motion to announce quarterly results after market close.