Market Summary 7/20/2010

Stock Market Closing Prices – 7/20/10

Dow ( DJIA ) Close - 10229.96 +75.73
Nasdaq Close - 2222.49 +24.26
S&P 500 Close – 1083.48 +12.23

Commodities Closing Prices – 7/20/10

Gold Close - 1191.50
Oil Close – 77.44
Natural Gas – 4.61

The Dow closed at 10230 .
Stocks closed higher Tuesday, recovering from steep loses earlier in the session, as investors looked forward to earnings from Apple and speculated about possible moves by the Federal Reserve.

Stocks plunged at the open and struggled for most of the morning as investors digested a big drop in quarterly earnings from Goldman Sachs and a lower profit outlook from Johnson & Johnson. Weaker-than-expected revenues from IBM also weighed on the market.

But the tone improved in the afternoon on chatter that the Fed is considering additional steps to encourage bank lending. Ben, is scheduled to testify before Congress on Wednesday.

Economic Calendar Data - 7/21/10

Crude Inventories - 10:30am EST
Baidu BIDU is scheduled to report earning after the market close.
EBAY is scheduled to report earning after the market close.
Ben Bernanke testified before senate.
Obama sign reform bill.