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Friday, July 23, 2010

Market Summary 7/23/2010

Stock Market Closing Prices – 7/23/10

Dow ( DJIA ) Close - 10424.62 +102.32
Nasdaq Close - 2269.47 +23.58
S&P 500 Close – 1102.66 +8.99

Commodities Closing Prices – 7/23/10

Gold Close - 1187.70
Oil Close – 78.98
Natural Gas – 4.57

The Dow jumps 102 points.

Stocks rallied after Ford's and Verizon's earnings cheer investors and Stress-test on 91 European banks showed that only 7 needed to raise new capital.

GE raised its quarter dividend 20% to 12 cents a share.

Crude oil settled down 32 cents to $78.98, despite concerns that Tropical Storm Bonnie may cause problems in the Gulf of Mexico.

Market breadth was positive and volume was light. On the New York Stock Exchange, the volume came to 960 million shares. On the Nasdaq, volume came to 2.43 billion shares.

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