Stock Market Closing Prices – 8/12/10
Dow ( DJIA ) Close - 10319.95 -58.88
Nasdaq Close - 2190.27 -18.36
S&P 500 Close – 1083.61 -5.86
Commodities Closing Prices – 8/12/10
Gold Close - 1215.40
Oil Close – 76.64
Natural Gas – 4.30
The Dow falls 59 points to 10320.
The major indexes move lower as Cisco's earnings disappoint and jobless claims rise.
General Motors reports a profit, but CEO Whitacre will step aside.
The S&P 500 finished three points below its 50-day moving average of 1,087, a key technical sign of investor confidence. But the index had fallen to as low as 1,077.
As stocks moved lower, a combination of falling share prices, economic worries and a rising dollar pushed energy prices lower. Crude oil settled down $2.28 to $75.74 a barrel.
Winners are hard to find, but Gold, airline and biotechnology stocks were the market leaders this afternoon. Gold shares moved up as investors sought safety from the world's economic woes. Airlines were higher as crude oil moved lower.
The Economic Calendar Data: 8/13/10
U.S. retail sales / CPI data for July is released. 8:30 a.m.
University of Michigan preliminary consumer confidence for August. 10 a.m.
JC Penney is scheduled to report quarterly results before market open.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment