Market Watch 1/14/10

Stock Market Closing Prices – 1/14/10

Dow Jones Industrial Average ( DJIA ) Close – 10710.55 +29.78
Nasdaq Stock Market Close – 2316.74 +8.84
S&P 500 Close – 1148.46 +2.78

Commodities Closing Prices – 1/14/10

Gold Close – 1142.60 +6.2
Oil Close – 78.96 -0.43
Natural Gas – 5.57

Today, Stocks rise as optimism builds about earnings ;

The Commerce Department reported that businesses increased their inventories by a larger-than-expected amount in November.

The news on inventories helped offset weaker reports on retail sales and initial unemployment claims. Inventories rose by 0.4 percent, double the increase economists expected. Meanwhile the government also reported that retail sales fell 0.3 percent in December.

The results from Intel after the closing bell more than confirmed traders' hunch that things were looking up at the technology company. Intel's income, revenues and profit margins all came in well ahead of expectations.

Tomorrow’s economic report,
CPI
Industrial Production
Mich Consumer Sentiment