Market Watch 1/28/10

Stock Market Closing Prices – 1/28/10

Dow Jones Industrial Average ( DJIA ) Close – 10120.46 -115.70
Nasdaq Stock Market Close – 2179.00 -42.41
S&P 500 Close – 1084.53 -12.97

Commodities Closing Prices – 1/28/10

Gold Close – 1082.90 -0.70
Oil Close – 73.76
Natural Gas – 5.18

A weaker outlook from technology maker Qualcomm Inc. dragged the Nasdaq composite index lower. Drops in Motorola Inc. and Apple Inc. also hurt tech stocks. The Dow Jones industrial average fell almost 116 points, its sixth loss in nine days.

Technology shares could get a bounce Friday from Amazon.com Inc. and Microsoft Corp., which posted improved earnings after the closing bell. Their stocks rose in after-hours electronic trading.

The Senate confirmed Bernanke for a second term as the market was closing. His first four-year term ends Sunday.

On Friday, the government releases its initial reading on fourth-quarter gross domestic product. Analysts predict that GDP, which measures the country's economic output, likely rose at an annualized rate of 4.5 percent during the final three months of 2009.