Market Summary 9/16/2010

Stock Market Closing Prices – 9/16/10

Dow ( DJIA ) Close - 10594.83 +22.10
Nasdaq - 2303.25 +1.93
S&P 500 Close – 1124.66 -0.41

Commodities Closing Prices – 9/16/10

Gold Close - 1271.90
Oil Close – 74.56
Natural Gas – 4.06

The Dow were up 22 points to 10595 as jobless claims are better, but a manufacturing report is weaker than expected.

FedEx earning missed the street estimate by a penny and guidance disappoints. Shares fell 3.8% to $82.72. The company said will cut 1700 jobs for consolidating the business.

Gold settled up $5.90 to $1,273.80 an ounce, a new closing high. Crude oil settled down $1.45 to $74.57 an ounce .

But, the market may jump on Friday since Research In Motion and Oracle reported better than expected the result after closed the bell. RIM shares were up 7.6% to $50 after hours; Oracle was up 4.2% to $26.43 after hours.

Economic Date: September 17, 2010

U.S. CPI data for August. 8:30 a.m.
U.S. UMich preliminary consumer sentiment for September. 9:55 a.m.