Pages

Friday, September 3, 2010

Market Summary 9/03/2010

Stock Market Closing Prices – 9/03/10

Dow ( DJIA ) Close - 10447.93 +127.83
Nasdaq Close - 2233.75 +33.74
S&P 500 Close – 1104.51 +14.41

Commodities Closing Prices – 9/03/10

Gold Close - 1249.20
Oil Close – 74.60
Natural Gas – 3.94

The Dow were up 128 points to 10448, Stocks rise for a fourth straight day after private-sector jobs grow more than expected, but unemployment hits 9.6%.

For the technically minded, the market is sending off some bullish signals. Most important: The S&P 500 is above 1,100 for the first time since Aug. 10.

Crude oil closed down 42 cents to $74.60 a barrel and dropped 0.8% for the week. Gold settled down $2.30 to $1,251.10 an ounce but climbed 1.1% for the week.

Markets are closed Monday for Labor Day.

Looking Forward, The big question: Will the rally continue?

The Fed's Beige Book report will be closely studied. So will President Obama's stimulus proposals to boost the economy.

Wednesday: The Federal Reserve will release its Beige Book report on the economy on Wednesday.

Thursday : brings the jobless-claims report and a report on the nation's trade balance.

Friday: The president said Friday he'll be offering new proposals next week to help boost the economy.

No comments:

Post a Comment