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Stock Market Closing Prices - 12/8/09
Dow Jones Industrial Average ( DJIA ) Close - 10285.97 -104.14
Nasdaq Stock Market Close - 2172.99 -16.62
S&P 500 Close - 1091.9c4 -11.31
Commodities Closing Prices - 12/8/09
Gold Close - 1131.30
Oil Close - 72.79
Natural Gas Close - 5.09
An earnings forecast from 3M Co. and a sales report from McDonald's Corp. disappointed investors. The reports weighed on the Dow and overshadowed an increased profit forecast from FedEx Corp., whose results are seen as a gauge for the health of the economy.
Questions about debt levels in places from Greece to the Middle Eastern city-state of Dubai added to investors' concerns. Meanwhile, reports in Britain and Germany signaled that manufacturing remains weak.
The unease drove the dollar and Treasury prices higher. The advancing dollar hit commodities prices, which, in turn, hurt energy and materials producers. A stronger dollar makes commodities more expensive for buyers overseas.
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