Market Summary 9/17/2010
Stock Market Closing Prices – 9/17/10
Dow ( DJIA ) Close - 10607.85 +13.02
Nasdaq - 2315.61 +12.36
S&P 500 Close – 1125.93 +0.93
Commodities Closing Prices – 9/17/10
Gold Close - 1275.60
Oil Close – 73.66
Natural Gas – 4.02
The Dow were up 13 points to 10608 .The September rally pushes the Dow up 13, despite a report showing consumers continue to be gloomy.
The market had a lot of quick turns during the day. These had to do with the expiration of options, which causes extra churn in the market.
But Ireland and Portugal were also a factor, due to banks and government debt.
Because of the uncertainty, gold finished at a new closing high, settling at $1,277.50 an ounce, up $3.70. Crude oil was off 91 cents to $73.66 as concerns about the economy and global supply glut persist.
Next week, The Fed will meet on interest rates. Several reports will offer a broad picture of economics, including:
• The Building Sentiment Index from the National Association of Home Builders.
• Housing starts and building permits for August, due Tuesday from the Commerce Department.
• Existing-home sales for August, due Wednesday from the National Association of Realtors.
• New-home sales for August, due Thursday from the Commerce Department.
• Initial jobless claims, due Thursday from the Labor Department.
• Durable-goods orders for August, due Friday from the Commerce Department.