Market Focus 4/16/2010

Stock Market Closing Prices – 4/16/10

Dow Jones Industrial Average ( DJIA ) Close – 11018.66 -125.91
Nasdaq Stock Market Close – 2481.26 -34.43
S&P 500 Close – 1192.13 -19.54

Commodities Closing Prices – 4/16/10
Gold Close - 1136.30 -23.20
Oil Close – 83.24 -2.68
Natural Gas – 4.05

The Dow lost about 125 points, financial shares led the stock market sharply lower Friday after the SEC filed civil fraud charges against Goldman Sachs over its dealings in subprime mortgages. Goldman Sachs (GS) was sued by U.S. regulators for fraud tied to collateralized debt obligations that contributed to the worst financial crisis since the Great Depression.

GE and Bank of America reported healthy results, but their stocks still fell. GE's revenue came up short of expectations, while Bank of America said loan losses remain high.

Google profit fell short of some analysts’ estimates, Google drops nearly 8%.