Market Summary 9/08/2010

Stock Market Closing Prices – 9/08/10

Dow ( DJIA ) Close - 10387.01 +46.32
Nasdaq Close - 2228.87 +19.98
S&P 500 Close – 1098.87 +7.03

Commodities Closing Prices – 9/08/10

Gold Close - 1255.60
Oil Close – 75.09
Natural Gas – 3.81

The Dow were up 46 points to 10387 after the Fed sees 'widespread' signs of slowing growth.

The Rally saw the Dow move up as many as 86 points but faded after the Fed’s Beige Book report was released and the president spoke.

Financial, industrial, materials and energy stocks were the big leaders today.

The rally came as many companies are taking advantage of record-low interest rates to refinance their debt.

Gold slipped $1.80 to $1,257.50 an ounce as the European situation eased. Oil falls back from $75. Oil futures for October delivery rose 41 cents to settle at $74.67 a barrel.

Economic Data: September 9,2010 – 9/09/10

U.S. weekly jobless claims data, international trade for July. 8:30 a.m.
OPEC releases monthly oil report schedule before market open.