Market Summary 10/15/2010

Stock Market Closing Prices – 10/15/10

Dow ( DJIA ) Close      -   11062.78    -31.79

Nasdaq Close                -    2468.77     +33.39

S&P 500 Close             -    1176.19       +2.38

Commodities Closing Prices  –  10/15/10

Gold Close    -         1371.10

Oil Close       –           81.25

Natural Gas   –            4.54

The Dow were down  32 points to 11062.78

Stocks ended mixed Friday as weakness in the banking sector dragged on the Dow, while technology shares stayed strong.

The dollar recovered some ground against other currencies, but remained weak. Gold and oil prices fell. Gold futures for December delivery fell $5.60 to settle at $1,372 an ounce. The price of oil fell $1.30 to close at $81.39 per barrel.

Looking ahead, traders said the focus next week will be on earnings, with 7 blue-chip Dow companies due to report quarterly results. Include: IBM, BAC, JNJ, CAT, MCD, AXP,VZ are all on the earning calendar. But how financial stocks perform will determine how the market fares.

Meanwhile, economic reports due out next week include housing starts and building permits, as well as data on industrial production and capacity utilization.