Market Summary 7/27/2010

Stock Market Closing Prices – 7/27/10

Dow ( DJIA ) Close - 10537.69 +12.26
Nasdaq Close - 2288.25 -8.18
S&P 500 Close – 1113.84 -1.17

Commodities Closing Prices – 7/27/10

Gold Close - 1158.00
Oil Close – 77.07
Natural Gas – 4.68

The Dow is up 12 points.

Stocks finished basically flat today after a Conference Board report on consumer confidence disappointed investors and weighed on retail stocks.

The declines were the first for the S&P 500 and the Nasdaq after three days of big gains. The Dow was up for the fourth day in a row, including three of gains greater than 100 points.

Home prices hold steady, The S&P/Case-Shiller index of property values increased 4.6% from May 2009, the biggest year-over-year gain since August 2006, Standard & Poor's said today.

DuPont (DD) reported higher quarterly sales and earnings that topped estimates, thanks to higher prices and increased demand. The chemical maker also boost its earnings forecast for the year. Shares gained 3.6%.

Market Breadth was negative. On the NY Exchange, volume came to 1.11 billion shares. On the Nasdaq, volume came to 2.07 billion shares.
All eyes will now be on Thursday’s initial claims reports.

Economic Calendar Data - 7/28/10


U.S. durable goods orders for June at the Commerce Department. 8:30 a.m.

Boeing/ Comcast/ Sprint Nextel… is scheduled to release quarterly results. Before market open.