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Thursday, September 16, 2010

Market Summary 9/16/2010

Stock Market Closing Prices – 9/16/10

Dow ( DJIA ) Close -     10594.83   +22.10
Nasdaq                      -       2303.25     +1.93
SP 500 Close          –        1124.66     -0.41

Commodities Closing Prices – 9/16/10

Gold Close  -   1271.90
Oil Close     –     74.56
Natural Gas –      4.06

The Dow were up 22 points to 10595 as jobless claims are better, but a manufacturing report is weaker than expected.

FedEx earning missed the street estimate by a penny and guidance disappoints. Shares fell 3.8% to $82.72. The company said will cut 1700 jobs for consolidating the business.

Gold settled up $5.90 to $1,273.80 an ounce, a new closing high. Crude oil settled down $1.45 to $74.57 an ounce .

But, the market may jump on Friday since Research In Motion and Oracle reported better than expected the result after closed the bell.RIM shares were up 7.6% to $50 after hours; Oracle was up 4.2% to $26.43 after hours.

Economic Date: September 17, 2010

U.S. CPI data for August. 8:30 a.m.
U.S. UMich preliminary consumer sentiment for September. 9:55 a.m.

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