Market Summary 7/13/2010

Stock Market Closing Prices – 7/13/10

Dow ( DJIA ) Close - 10363.02 +146.75
Nasdaq Close - 2242.03 +43.67
S&P 500 Close – 1095.34 +16.59

Commodities Closing Prices – 7/13/10

Gold Close - 1213.30
Oil Close – 77.26
Natural Gas – 4.36

The Dow jumps 147 points today.

After the close, Intel reported higher quarterly sales and earnings that rose from a year ago and topped expectations. It was the company's best quarter ever, reflecting strong demand from business customers. Shares jumped 5.7% after hours to $22.19. They'd risen 2.1% to $21.01 in regular trading.

Today's rally generated a lot of talk that worries about a double-dip recession can be ignored.

Crude oil closed up $2.20 to $77.15 a barrel. Gold settled up $14.80 to $1,213.50.

Materials and financial stocks were the market's leaders today. Financial stocks were higher as investors concluded the financial reform bill will pass and bring more predictability on regulation.

Market Breadth was positive and volume was fairly light. On the NY Stock Exchange, where volume came to 1.13 billion shares. On the Nasdaq, volume came to 2.35 billion shares.

Economic Calendar Data - 7/14/10
Retail Sales - 8:30am EST