Market Summary 10/18/2010

Stock Market Closing Prices – 10/18/2010

Dow ( DJIA ) Close      -            11143.69       +80.91

Nasdaq                     -              2480.66         +11.89       

S&P 500 Close            -                   1184.71          +8.52

Commodities Closing Prices  –  10/18/10

Gold Close     -        1376.70

Oil Close        –           82.58

Natural Gas    –            3.65

The Dow were up 81 points to 11144 as stocks rise on earning and housing report.

The Citigroup reported better-than-expected earning result in the morning, and a key homebuilder confidence index jumps unexpectedly.

After hours, APPLE and IBM reported lower-than-expected results , shares of both companies drop. AAPL were down 5.7% to $299.85 after hours. The shares has risen to $318 in regular trading and hit a new high of $319.

IBM shares were off 3.8% to $137.66 after hours.

The decline for both stocks could affect markets on Tuesday.

Crude oil rose $1.83 to $83.08. Gold settled up 10 cents to $1,372.10 an ounce. The dollar was slightly lower against major currencies. 

Economic Data: Oct. 19, 2010

U.S. September housing starts. 8:30 a.m.

Bank of America is scheduled to report quarterly results before market open.

Johnson & Johnson is slated to report results for the quarter before market open.

Coca-Cola Co. is set to report quarterly results before market open.