Market Watch 2/22/10

Stock Market Closing Prices – 2/22/10

Dow Jones Industrial Average ( DJIA ) Close – 10383.38 -18.97
Nasdaq Stock Market Close – 2242.03 -1.84
S&P 500 Close – 1108.01 -1.16

Commodities Closing Prices – 2/22/10

Gold Close – 1112.60 -8.70
Oil Close – 80.16 0.00
Natural Gas – 4.96

Stocks close lower as investors turn cautious following consumer companies' earnings reports.

Schlumberger is buying Smith International for $11 billion in stock in a move to diversify its product offerings and better compete with rival Halliburton Co. Investors viewed the deal as a sign that demand is likely to grow for fuel as the global economy recovers.

Energy and material companies were mixed on the day following the deal. Falling commodity prices dragged down the sector.

Tomorrow’s quarterly report,
Home Deport, Inc ( HD )
Macy’s, Inc. (M)
Target Corp. ( TGT)

Tomorrow’s Economic Data,
Case / Shiller Index
Consumer Confidence