Market Summary 8/09/2010

Stock Market Closing Prices – 8/09/10

Dow ( DJIA ) Close - 10653.56 -21.42
Nasdaq Close - 2288.47 -4.59
S&P 500 Close – 1121.64 -4.17

Commodities Closing Prices – 8/09/10

Gold Close - 1203.40
Oil Close – 80.70
Natural Gas – 4.31

The Dow is up 45 points to 10699.

Stocks ended higher Monday ahead of an important FED decision on what to do about the economy.
Volume was very low today. Trading on the floor of the NY Stock Exchange didn't come close to hitting even 700 million shares.

Cisco Systems and McDonald's help the Dow gain 45 points. Hewlett-Packard struggles. Crude oil moved higher, and gold drifted lower!

The best bet: The Fed will start a new round of adding cash into the credit system to prevent the economy from sinking into recession.

The Economic Calendar Data: 8/10/2010

FOMC meeting statement to be released at 2:15 p.m.
Second-quarter productivity at the Labor Department. 8:30 a.m.
International Power PLC is set to report quarterly results before market open.
Walt Disney is scheduled to report its quarterly results after market close.