Stock Market Closing Prices – 7/14/10
Dow ( DJIA ) Close - 10366.72 +3.70
Nasdaq Close - 2249.84 +7.81
S&P 500 Close – 1095.17 -0.17
Commodities Closing Prices – 7/14/10
Gold Close - 1206.80
Oil Close – 76.69
Natural Gas – 4.31
Stocks closed mixed Wednesday, with the Dow rising almost 4 points for its seventh straight advance.
The blue chips weather a hard day as the Federal Reserve trims its forecast and sees slower growth for up to 6 years. Retail sales fall more than expected.
However, technology shares bucked the trend. The sector was supported by strong quarterly results and a bullish sales outlook from Intel (INTC) on Tuesday.
Thursday is a big day for earnings, when JPMorgan (JPM) reports Q2 results before the market opens. Analysts surveyed by Thomson Financial expect the bank to report a profit of 70 cents per share, up from 28 cents per share a year ago.
In addition, Google (GOOG) is slated to report quarterly results after the market closes Thursday.
Economic reports include the weekly look at jobless claims, industrial production in June, the June Producer Price Index and the New York Federal Reserve Bank's Empire Manufacturing Index.
Futures trading suggests stocks will open slightly higher on Thursday.
Economic Calendar Data - 7/15/10
Initial Claims - 8:30am EST
PPI - 8:30am EST
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