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Wednesday, October 13, 2010

Market Summary 10/13/2010

Stock Market Closing Prices – 10/13/2010
Dow ( DJIA ) Close      -            11096.08     +75.68
Nasdaq                       -              2441.23      +23.31
S&P 500 Close             –             1178.10       +8.33

Commodities Closing Prices  –  10/13/10
Gold Close     -        1373.50
Oil Close        –           83.48
Natural Gas    –            3.66


The Dow were up 76 points to 11096, The Dow had been up as many as 135 points.

The market's gain came as gold hit a new intraday high of $1,375.70 an ounce before falling back to settle at $1,370.50. 

Crude oil settled up $1.34 to $83.01 a barrel. Interest rates were higher, with the 10-year Treasury yield rising to 2.431% from 2.422% on Tuesday. The dollar was lower against major currencies.

But financial stocks weaken on mortgage worries with uncertainty raised by problems with home foreclosures.

Apple surged above $300 for the first time, closing at $300.14.

JPMorgan and Intel slip despite earnings gains.


Economic Data: Oct. 14, 2010

U.S. September jobless claims. 8:30 a.m.
U.S. September PPI. 8:30 a.m.
Google to announce quarterly results after market close.


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