Market Summary 8/10/2010

Stock Market Closing Prices – 8/10/10

Dow ( DJIA ) Close - 10644.25 -54.50
Nasdaq Close - 2277.17 -28.52
S&P 500 Close – 1121.06 -6.73

Commodities Closing Prices – 8/10/10

Gold Close - 1196.20
Oil Close – 79.89
Natural Gas – 4.31

After falling as much as 147 points earlier in the session, the Dow was off 53 points, to close at 10,644.86, after the FED said it is willing to expand its holdings of government debt in a bid to keep the economy from falling back into recession.

The central bank says it will keep rates low and continue to make cash available if the economy fades. Stocks bounce off their lows.

After close, Disney reported better-than-expected results, the shares up to $35.70 after hours.

Intel and JC Penney fall on downgrades. Intel shares closed 4% lower.

Crude oil settled down $1.23 to $80.25. Gold closed down $4.60 to $1,198 an ounce.

Future trading suggest tomorrow open lower.

The Economic Calendar Data: 8/11/2010

U.S. trade balance for June is released. 9 a.m.
U.S. federal budget balance is released. 2 p.m.
Macy's is scheduled to report quarterly results before market open.
Cisco Systems is scheduled to report its quarterly results after market close.