Market Summary 7/08/2010

Stock Market Closing Prices – 7/8/10

Dow ( DJIA ) Close - 10138.99 +120.71
Nasdaq Close - 2175.40 +15.93
S&P 500 Close – 1070.25 +9.98

Commodities Closing Prices – 7/8/10

Gold Close - 1195.80
Oil Close – 75.91
Natural Gas – 4.41

Strong jobs report lifts Dow 121, The number of new jobless claims falls, boosting the major indexes. Foreign stocks rally after IMF boosts its global growth forecast.

The EIA said natural-gas supplies gained 78 billion cubic feet in the week ended July 2, Late Tuesday, the American Petroleum Institute estimated that oil supplies fell by 7.26 million barrels. Natural gas for August delivery lost 17 cents at $4.40. The August crude oil contract rose $1.37 to $75.44 a barrel.

Market breadth was positive. Trading volume was light. NY Stock nearly on volume of 1.16 billion shares. On the Nasdaq, on volume of 2.07 billion shares.

Next week of kick off earnings season starting with Goldman Sachs Monday Morning.

Economic Calendar Data - 7/9/10

Wholesale Inventories - 10am EST