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Monday, August 16, 2010

Market Summary 8/16/2010

Stock Market Closing Prices – 8/16/10

Dow ( DJIA ) Close - 10302.01 -1.14
Nasdaq Close - 2181.87 +8.39
S&P 500 Close – 1079.38 -0.13

Commodities Closing Prices – 8/16/10

Gold Close - 1224.50
Oil Close – 75.11
Natural Gas – 4.23

The Dow closed down 1 point to 10302 as investors mulled over dismal economic news from China, a bearish forecast from the Federal Reserve .

Crude oil closed down 15 cents to $75.24. Natural gas, heating oil and unleaded gasoline futures were off as well.

If there was any good news from the market today, it was this: The market came back after dropping heavily right after the open; the Dow was off as many as 94 points at 9:35 a.m. The index was up more than 30 points around 12:35 before fading again.

Futures trading suggests a modestly higher open on Tuesday.

The Economic Calendar Data: 8/17/2010
U.S. housing starts for July. 8:30 a.m.
U.S. producer price index for July. 8:30 a.m.
U.S. industrial production for July. 9:15 a.m.
WalMart is set to report quarterly results before market open.
Home Depot is slated to report quarterly results before market open.
Analog Devices to report quarterly results after market close.

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