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Thursday, June 10, 2010

Market Summary 6/10/2010

Stock Market Closing Prices – 6/10/10

Dow ( DJIA ) Close - 10172.53 +273.28
Nasdaq Stock Close – 2218.71 +31.86
S&P 500 Close – 1086.84 +31.15

Commodities Closing Prices – 6/10/10

Gold Close - 1221.10 +0.30
Oil Close – 75.15 -0.33
Natural Gas – 4.70

The Dow rose 273 points to 10172, by a sharp boost in Chinese exports and a strengthening euro and US jobs data!

Today's move higher was so sharp that 29 of the 30 Dow stocks were higher,excecp CSCO! After the close, DELL shares were down 1.8% to $12.84 after the company said it was unable to file its report for the April quarter on time

Higher crude oil boosts energy shares. BP is a big winner after hitting a 14-year low Wednesday.

Crude was up $1.10, or 1.5%, to $75.48 a barrel. Gold was down $7.70 to $1,222.20 per ounce. The euro was quoted at $1.213, up 1.2% from Wednesday's $1.198.

Futures trading suggests a flat open on Friday. The Dell disclosure won't cheer anyone.

Economic Calendar Data - 6/11/10
U.S. retail sales for May. 8:30 a.m.
U.S. consumer sentiment for June. 10 a.m.

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