Market Summary 8/30/2010

Stock Market Closing Prices – 8/30/10

Dow ( DJIA ) Close - 10009.73 -140.92
Nasdaq Close - 2119.97 -33.66
S&P 500 Close – 1048.92 -15.67

Commodities Closing Prices – 8/28/10

Gold Close - 1235.60
Oil Close – 74.12
Natural Gas – 3.81

The Dow down 141 points to 10010 , The market gave up of its gains from Friday.

Much of the decline was disappointment with a government report on personal income and spending. The declines came despite a steady stream of deal announcements and rumors of more deals.

Crude oil setled down 47 cents to $74.70. Gold settled up $1.30 to $1,239.20 an ounce.

Merger Monday appears to be rising. Intel agrees to buy Infineon's mobile chip business and 3M buying Cogent.

Market breadth was negative. Trading volume was light, with 818 million shares changing hands.

Economic Data: August 31, 2010

U.S. Case-Shiller home prices for June. 9 a.m.
U.S. August Conference Board consumer confidence. 10 a.m.
Federal Reserve's FOMC minutes. 2 p.m.