Stock Market Closing Prices – 7/7/10
Dow ( DJIA ) Close - 10018.28 +274.66
Nasdaq Close - 2159.47 +65.59
S&P 500 Close – 1060.27 +32.21
Commodities Closing Prices – 7/7/10
Gold Close - 1198.60
Oil Close – 74.69
Natural Gas – 4.61
The Dow climbed 275 points, jumped back above 10,000 as encouraging earnings forecasts from financial companies boosted confidence on Wall Street.
But analysts warn that the buying doesn't mean that investors are more optimistic. It's just more of a reaction to a little bit too much negativity.
The Dow and broader indexes gained more than 2 percent. Trading volume was light.
The dollar fell against other major currencies, including the euro. Crude oil rose $2.09 to $74.07 per barrel.
The market's ability to move higher will also depend on the results of the European bank "stress tests" as well as what kind of profit guidance U.S. companies give as they begin reporting quarterly results in the next few weeks.
Economic Calendar Data - 7/8/10
Initial Claims - 8:30am EST
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