Market Watch 12/15/2009

Stock Market Closing Prices – 12/15/09
Dow Jones Industrial Average ( DJIA ) Close – 10452.00 -49.05
Nasdaq Stock Market Close – 2201.05 -11.05
S&P 500 Close – 1107.93 -6.18

Commodities Closing Prices – 12/15/09

Gold Close - 1124.10
Oil Close - 70.63

Stocks extended their losses late in the day Tuesday after General Electric Co. forecast that revenue and earnings would be largely flat in 2010.

Trading was subdued as Fed policymakers gathered for a two-day meeting on interest rates.

The government said wholesale prices jumped 1.8 percent last month, more than double the gain analysts expected.

Meanwhile, the Fed said industrial production rose 0.8 percent in November, the biggest gain since August. The rise in production meant factories ran at a higher capacity.

The reports put inflation on investors' screens. If prices start rising and the Fed raises rates, it could choke off a nascent economic recovery. The Fed is expected to release a statement on the economy and interest rates Wednesday afternoon after its meeting.