Market Summary 9/22/2010
Stock Market Closing Prices – 9/22/10
Dow ( DJIA ) Close - 10739.31 -21.72
Nasdaq - 2334.55 -14.80
S&P 500 Close – 1134.28 -5.50
Commodities Closing Prices – 9/22/10
Gold Close - 1290.20
Oil Close – 74.71
Natural Gas – 3.97
The Dow were down 22 points to 10739 , ending a five-day winning streak.
The pullback came a day after the Federal Reserve said explicitly that it will move to keep the economy from falling into a recession. That was some uncertainty about what the trigger might be.
Gold nearly hits $1300, but oil drops. Gold experts believe $1,300 an ounce is just days away, with the metal perhaps hitting $1,500 by the end of the year. Crude oil for November delivery was off 84 cents, to $74.13 after the Energy Department reported a larger-than-expected expansion of domestic supplies.
Adobe weigh on techs as a disappointing guidance. Microsoft boosts dividend, sells $4.75 billion in debt. Sears will partner with Forever 21 chain.
Futures trading suggest stocks will open higher.
Economic Data: September 23, 2010
U.S. weekly jobless claims data released. 8:30 a.m.
U.S. August leading indicators. 10 a.m.
U.S. August existing home sales data. 10 a.m.