Market Summary 9/20/2010

Stock Market Closing Prices – 9/20/10

Dow ( DJIA ) Close - 10753.62 +145.77
Nasdaq - 2355.83 +40.22
S&P 500 Close – 1142.71 +17.12

Commodities Closing Prices – 9/20/10

Gold Close - 1279.00
Oil Close – 74.44
Natural Gas – 3.84

The Dow were up 146 points to 10754 . The S&P closed above 1,130 for the first time since May 17.

We had a bullish tone out of President Obama’s speech on CNBC. We also received confirmation today that the recession is over.

Crude oil closed up $1.20 to $74.86 after rising to as high as $675.45. Gold settled up $3.30 to $1,280.80 an ounce.

Despite today's excitement, futures trading suggests that stocks will open flat on Tuesday.

The one downside to the rally: The extra yield investors demand to own Ireland and Portugal’s government debt jumped to a record high.

Economic Data: September 21, 2010

U.S. Federal Reserve monetary policy announcement. 2:15 p.m.
U.S. housing starts for August. 8:30 a.m.