Market Summary 8/05/2010

Stock Market Closing Prices – 8/05/10

Dow ( DJIA ) Close - 10674.98 -5.45
Nasdaq Close - 2293.06 -10.51
S&P 500 Close – 1125.81 -1.43

Commodities Closing Prices – 8/05/10

Gold Close - 1195.90
Oil Close – 82.07
Natural Gas – 4.60

The Dow closed down 5 points to 10675.

Stocks pulled back very slightly today in relatively light trading as Wall Street awaited the Friday jobs and unemployment report.

The major indexes post minor losses. Wheat soars after Russia stops grain exports. Analysts see US unemployment rising to 9.6% in July. Retailers report tepid July sales.

Crude oil settled down 46 cents to $82.01 a barrel. Gold settled up $3.40 to $1,199.30 an ounce.

Modest movement the day before a jobs report is fairly typical. No trader wants to make a bet that will go sour the next day, especially when improvements in the job market are so frustratingly slow.

Economic Calendar Data 8/06/2010

Nonfarm Payrolls - 8:30am EST