Market Summary 9/17/2010

Stock Market Closing Prices – 9/17/10

Dow ( DJIA ) Close      -            10607.85        +13.02

Nasdaq                      -             2315.61        +12.36

S&P 500 Close             –             1125.93          +0.93

Commodities Closing Prices  –  9/17/10

Gold Close      -        1275.60

Oil Close         –           73.66

Natural Gas       -                  4.02

The Dow  were up 13 points to 10608 .The September rally pushes the Dow up 13, despite a report showing consumers continue to be gloomy.

The market had a lot of quick turns during the day. These had to do with the expiration of options, which causes extra churn in the market.

But Ireland and Portugal were also a factor, due to banks and government debt.
Because of the uncertainty, gold finished at a new closing high, settling at $1,277.50 an ounce, up $3.70.  Crude oil was off 91 cents to $73.66 as concerns about the economy and global supply glut persist.

Next week, The Fed will meet on interest rates. Several reports will offer a broad picture of economics, including:

• The Building Sentiment Index from the National Association of Home Builders.
• Housing starts and building permits for August, due Tuesday from the Commerce Department.
• Existing-home sales for August, due Wednesday from the National Association of Realtors.
• New-home sales for August, due Thursday from the Commerce Department.
• Initial jobless claims, due Thursday from the Labor Department.
• Durable-goods orders for August, due Friday from the Commerce Department.