Market Summary 9/09/2010

Stock Market Closing Prices – 9/09/10

Dow ( DJIA ) Close - 10415.24 +28.23
Nasdaq Close - 2236.20 +7.33
S&P 500 Close – 1104.18 +5.31

Commodities Closing Prices – 9/09/10

Gold Close - 1248.90
Oil Close – 74.78
Natural Gas – 3.77


The Dow were up 28 points to 10415 after government report showed jobless claims fell more then expected and the trade deficit unexpectedly narrowed in July.

Consider the S&P 500, which jumped to as high as 1,110 right after the open -- and promptly fell back. That suggests traders are programming sell orders at 1,110 to take profits.

Gold settled down $6.60 to $1,250.90 an ounce. Silver was down more than 15 cents to $19.86 an ounce. Oil futures for October delivery fell 42 cents to settle at $74.25 a barrel.

Trading volume is 30% below the 3-month moving average.

Economic Data : September 10,2010

U.S. wholesale trade data for July. 10 a.m.