Market Watch 4/07/10

Stock Market Closing Prices – 4/07/10

Dow Jones Industrial Average ( DJIA ) Close – 10897.52 -72.47
Nasdaq Stock Market Close – 2431.16 -5.65
S&P 500 Close – 1182.44 -6.99

Commodities Closing Prices – 4/07/10
Gold Close - 1152.30 -0.00
Oil Close – 85.77 -0.11
Natural Gas – 4.03


The Dow falls 72 after a report showed consumers paid down debt in February.
The drop in oil hurt energy stocks. Crude oil fell 96 cents to $85.88 after a government report showed larger-than-expected domestic supplies.
Profit-taking. Profit taking on Wall Street was the story today.

Resistance is now a big player in the market. This may set up a short term sell signal .
Some expert said the drop in stocks is likely to be modest because so many investors are waiting to put money in the market.

Stock Market April 8, 2010

Initial Jobless Claims - Last Week - 8:30am EST

U.S. natural gas inventories reported. 10:30 a.m.