Market Summary 10/14/2010

Stock Market Closing Prices – 10/14/2010

Dow ( DJIA ) Close      -            11094.57     -1.51

Nasdaq                       -              2435.38      -5.85

S&P 500 Close             –             1173.81      -4.29

Commodities Closing Prices  –  10/14/10

Gold Close     -        1376.70

Oil Close        –           82.58

Natural Gas    –            3.65

The Dow were down 2 points to 11095 as stocks end flat.

The market withstands selling pressure from bad news on jobs and inflation and more banking worries about process of home foreclosure.

Each time the market looked like it was about to fall apart, but it didn’t. That could well be actions of computers programmed to send out buy orders on any dips.  Computerized trading is estimated to account for up to 70% of all trading volume in U.S. markets. 

After close , Google reported better-than-expected Q3 earnings, shares jumped nearly 9% after hours.  That could give stocks a lift on Friday, when GE reports its Q3 results.  

Gold hit a new intraday high of $1,388.10 an ounce before falling back and settling at $1377.60, up $7.10.  Crude oil settled down 32 cents to $82.69 a barrel. Energy shares were lower.  The US. Dollar index was at 76.881, down 0.406 and the lowest close since Dec. 14, 2009. It had been as low as 76.475 today.

Economic Data: Oct. 15, 2010

US CPI for September.

U.S. Treasury's budget statement. 2 p.m.

GE to announce quarterly results before market open.