Market Summary 8/03/2010

Stock Market Closing Prices – 8/03/10

Dow ( DJIA ) Close - 10636.38 -38.00
Nasdaq Close - 2283.52 -11.84
S&P 500 Close – 1120.46 -5.40

Commodities Closing Prices – 8/03/10

Gold Close - 1193.90
Oil Close – 82.26
Natural Gas – 4.64

The Dow is down 38 points to 10636, as profit-taking after Monday's big rally.

Procter & Gamble drags the Dow down 38 points as profits fall from a year ago. July auto sales are mixed. Pending home sales fall. Oil tops $82.

While the market was lower, the S&P 500 was still in the black for the year and was trading above its 200-day moving average. That suggests some market support. S&P 500 at around 1,120, which hit that level three times since March 2009 and can't seem to move much above it.

Economic Calendar Data 8/04/2010

U.S. ADP employment survey for July. 8:15 a.m.
U.S. ISM non-manufacturing index for July. 10 a.m.
PG&E /Time Warner /AOL to announce quarterly results before market open.