Market Summary 8/11/2010

Stock Market Closing Prices – 8/11/10

Dow ( DJIA ) Close - 10378.83 -265.42
Nasdaq Close - 2208.63 -68.54
S&P 500 Close – 1089.47 -31.59

Commodities Closing Prices – 8/11/10

Gold Close - 1196.20
Oil Close – 79.89
Natural Gas – 4.34

The Dow falls 265 points to 10379.

Stocks dropped sharply lower Wednesday after a report showed the U.S. trade gap widened, and investors worry about overseas demand for American goods.

Traders fret about Chinese growth and the Fed's concession that the economy is slowing.

Macy's rises on strong earnings. Cisco results disappoint after close.

With today's close, the Dow is down 0.5% for 2010, with the S&P 500 off 2.3% and the Nasdaq down 2.7%. Give up 2010 gains! Markets around the world have struggled in 2010 after the big 2009 rally.

The Economic Calendar Data: 8/12/10

U.S. weekly jobless claims at the Labor Department. 8:30 a.m.
Kohl's is scheduled to report quarterly results before market open.
Nordstrom is set to report quarterly results after market close.