Stock Market Closing Prices – 6/15/10
Dow ( DJIA ) Close - 10404.77
Nasdaq Stock Close – 2305.88
S&P 500 Close – 1115.23
Commodities Closing Prices – 6/15/10
Gold Close - 1232.90
Oil Close – 76.50
Natural Gas – 5.03
The Dow closed at 10405 today, as the stocks broad gains above 200 day moving average. The Dow , s&p500, and Nasdaq have all closed above their 200 day moving average.
More good news on industrials came from the New York Federal Reserve, which said regional manufacturing expanded for an 11th straight month in June.
Fitch downgrades BP’s debt rating for the 2nd time this month, leveling it at a level just above junk status. The spill estimate is boosted.
Best Buy misses estimates, but the company reiterated its fiscal 2011 forecast. The report brought concerns that consumers will cut spending and hurt a U.S. recovery. Best Buy fell $2.49, or 6.1 percent, to $38.56.
Crude oil settled up 2.4% to $76.94 a barrel.
Watch out for profit-taking on Wednesday. Futures trading suggests a lower open.
Economic Calendar Data - 6/16/10
Housing Starts - 8:30am EST
Building Permits - 8:30am EST
PPI - 8:30am EST
Crude Inventories - 10:30am EST
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