Market Summary 9/22/2010

Stock Market Closing Prices – 9/22/10

Dow ( DJIA ) Close      -            10739.31        -21.72

Nasdaq                     -             2334.55         -14.80

S&P 500 Close             –            1134.28          -5.50

Commodities Closing Prices  –  9/22/10

Gold Close    -        1290.20

Oil Close       –           74.71

Natural Gas    –               3.97

The Dow  were down 22  points to 10739 , ending a five-day winning streak.

The pullback came a day after the Federal Reserve said explicitly that it will move to keep the economy from falling into a recession. That was some uncertainty about what the trigger might be.

Gold nearly hits $1300, but oil drops. Gold experts believe $1,300 an ounce is just days away, with the metal perhaps hitting $1,500 by the end of the year. Crude oil for November delivery was off 84 cents, to $74.13 after the Energy Department reported a larger-than-expected expansion of domestic supplies.

Adobe weigh on techs as a disappointing guidance. Microsoft boosts dividend, sells $4.75 billion in debt. Sears will partner with Forever 21 chain. Futures trading suggest stocks will open higher.

Economic Data: September 23, 2010
U.S. weekly jobless claims data released. 8:30 a.m.
U.S. August leading indicators. 10 a.m.
U.S. August existing home sales data. 10 a.m.