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Tuesday, September 7, 2010

Market Summary 9/07/2010

Stock Market Closing Prices – 9/07/10

Dow ( DJIA ) Close - 10340.69 +107.24
Nasdaq Close - 2208.89 -24.86
S&P 500 Close – 1091.84 -12.67

Commodities Closing Prices – 9/07/10

Gold Close - 1257.30
Oil Close – 73.82
Natural Gas – 3.83

The Dow were down 107 points to 10341 as Worries grow that European banks need more capital and Profit-taking was also surely a cause for today's selling.

Gold for December delivery was up $8.20 to $1,259.30 an ounce. On gold for October delivery, the close was $1258.30, up $8.10. The closes for October and December are record highs.

Crude oil fell $1.12 to $73.48. The dollar was higher against major currencies.

Wednesday, investors will get a read on regional economies with the Federal Reserve's Beige Book.

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