Stock Market Closing Prices – 8/27/2010
Dow ( DJIA ) Close - 10150.65 +164.84
Nasdaq Close - 2153.63 +34.94
S&P 500 Close – 1064.59 +17.37
Commodities Closing Prices – 8/2710
Gold Close - 1236.00
Oil Close – 75.17
Natural Gas – 3.65
The Dow up 165 points to 10151 after The Fed chairman says he’ll support the economic recovery.
The rally was a big relief to many investors dismayed by the market's declines this month. But the relief may be short-lived because next week offers the potential for more bad economic news on the economy, especially the Sept. 3 jobs report.
The rally came despite Intel (INTC) cutting its revenue guidance for the Q3, saying low-end-computer sales are coming in weaker than expected.
Oil futures for October delivery gained $1.81 to settle at $75.17 a barrel. Gold for December delivery gained 20 cents, settling at $1,237.90 an ounce.
Showing posts with label Market Summary. Show all posts
Showing posts with label Market Summary. Show all posts
Friday, August 27, 2010
Thursday, August 26, 2010
Market Summary 8/26/2010
Stock Market Closing Prices – 8/26/10
Dow ( DJIA ) Close - 9985.81 -74.25
Nasdaq Close - 2118.69 -22.85
S&P 500 Close – 1047.22 -8.11
Commodities Closing Prices – 8/26/10
Gold Close - 1237.70
Oil Close – 72.96
Natural Gas – 3.83
The Dow closed down 74 points to 9986 .
The bears won the day today as economic fears and weakness in IBM and Cisco weighted market.
Jobless claims aren't as bad as expected. Gold dips; crude oil rises.
The battle will erupt again Friday when the government reports a revision to GDP and Fed Chairman Ben Bernanke discusses how the Fed can help the economy start growing again.
Economic Data: August 27, 2010
U.S. second-quarter GDP revision. 8:30 a.m.
Final Univ. of Michigan consumer sentiment for August. 10 a.m.
Fed Chairman Ben Bernanke keynote speech at Jackson Hole, Wyo., conference. 10 a.m.
Dow ( DJIA ) Close - 9985.81 -74.25
Nasdaq Close - 2118.69 -22.85
S&P 500 Close – 1047.22 -8.11
Commodities Closing Prices – 8/26/10
Gold Close - 1237.70
Oil Close – 72.96
Natural Gas – 3.83
The Dow closed down 74 points to 9986 .
The bears won the day today as economic fears and weakness in IBM and Cisco weighted market.
Jobless claims aren't as bad as expected. Gold dips; crude oil rises.
The battle will erupt again Friday when the government reports a revision to GDP and Fed Chairman Ben Bernanke discusses how the Fed can help the economy start growing again.
Economic Data: August 27, 2010
U.S. second-quarter GDP revision. 8:30 a.m.
Final Univ. of Michigan consumer sentiment for August. 10 a.m.
Fed Chairman Ben Bernanke keynote speech at Jackson Hole, Wyo., conference. 10 a.m.
Wednesday, August 25, 2010
Market Summary 8/25/2010
Stock Market Closing Prices – 8/25/10
Dow ( DJIA ) Close - 10060.06 +19.61
Nasdaq Close - 2141.54 +17.38
S&P 500 Close – 1055.33 +3.46
Commodities Closing Prices – 8/25/10
Gold Close - 1239.50
Oil Close – 72.79
Natural Gas – 3.89
The Dow up 20 points to 10060 after drop as many as 102 points soon after open.
New-home sales drop to their lowest level on record. The report was especially disappointing because most analysts had expected sales to be flat from June.
The Dow had hovered around 10,000 for all of the morning and much of the afternoon before the rally set in. The Dow dropped below 10,000 on at least three occasions today.
The S&P 500 dropped twice to about 1,040, which technical analysts have been watching carefully. A close below 1,040 would be very bearish for stocks.
But the market faces a big head wind on Thursday when the Labor Department issues its weekly report on jobless claims. Over the past few weeks, the report has signaled a deteriorating job market.
Oil futures for October delivery gained 89 cents to settle at $72.52 a barrel. Gold for December delivery rose $7.90 to settle at $1,1241.30 an ounce.
Economic Data: August 26, 2010
U.S. weekly jobless claims. 8:30 a.m.
EIA releases weekly natural gas inventories.10:30 a.m.
J. Crew Group is scheduled to report quarterly results before market open.
Dow ( DJIA ) Close - 10060.06 +19.61
Nasdaq Close - 2141.54 +17.38
S&P 500 Close – 1055.33 +3.46
Commodities Closing Prices – 8/25/10
Gold Close - 1239.50
Oil Close – 72.79
Natural Gas – 3.89
The Dow up 20 points to 10060 after drop as many as 102 points soon after open.
New-home sales drop to their lowest level on record. The report was especially disappointing because most analysts had expected sales to be flat from June.
The Dow had hovered around 10,000 for all of the morning and much of the afternoon before the rally set in. The Dow dropped below 10,000 on at least three occasions today.
The S&P 500 dropped twice to about 1,040, which technical analysts have been watching carefully. A close below 1,040 would be very bearish for stocks.
But the market faces a big head wind on Thursday when the Labor Department issues its weekly report on jobless claims. Over the past few weeks, the report has signaled a deteriorating job market.
Oil futures for October delivery gained 89 cents to settle at $72.52 a barrel. Gold for December delivery rose $7.90 to settle at $1,1241.30 an ounce.
Economic Data: August 26, 2010
U.S. weekly jobless claims. 8:30 a.m.
EIA releases weekly natural gas inventories.10:30 a.m.
J. Crew Group is scheduled to report quarterly results before market open.
Tuesday, August 24, 2010
Market Summary 8/24/2010
Stock Market Closing Prices – 8/24/10
Dow ( DJIA ) Close - 10040.45 -133.96
Nasdaq Close - 2179.76 -35.87
S&P 500 Close – 1051.87 -15.49
Commodities Closing Prices – 8/24/10
Gold Close - 1231.80
Oil Close – 71.41
Natural Gas – 4.05
The Dow dropped 134 points to 10040.
Investors started selling after they took one quick look at today’s report on existing-home sales. Volume, however, was light.
With today's pullback, the Dow rejoins the S&P and the Nasdaq in a correction, commonly defined as a fall of 10% or more from a recent high. The Dow is off 10.4% from its April high, with the S&P 500 off 13.6% and the Nasdaq off 16.1%.
Crude oil dropped $1.47, or 2%, to $71.63 a barrel. Interest rates continued to fall. Gold, however, settled up $4.90 to $1,233.40 an ounce.
Economic Data: August 25, 2010
U.S. durable goods orders for July. 8:30 a.m.
U.S. new-home sales for July. 10 a.m.
****What the Durable Goods Orders Report Measures ? ****
Link
Dow ( DJIA ) Close - 10040.45 -133.96
Nasdaq Close - 2179.76 -35.87
S&P 500 Close – 1051.87 -15.49
Commodities Closing Prices – 8/24/10
Gold Close - 1231.80
Oil Close – 71.41
Natural Gas – 4.05
The Dow dropped 134 points to 10040.
Investors started selling after they took one quick look at today’s report on existing-home sales. Volume, however, was light.
With today's pullback, the Dow rejoins the S&P and the Nasdaq in a correction, commonly defined as a fall of 10% or more from a recent high. The Dow is off 10.4% from its April high, with the S&P 500 off 13.6% and the Nasdaq off 16.1%.
Crude oil dropped $1.47, or 2%, to $71.63 a barrel. Interest rates continued to fall. Gold, however, settled up $4.90 to $1,233.40 an ounce.
Economic Data: August 25, 2010
U.S. durable goods orders for July. 8:30 a.m.
U.S. new-home sales for July. 10 a.m.
****What the Durable Goods Orders Report Measures ? ****
Link
Friday, August 20, 2010
Market Summary 8/20/2010
Stock Market Closing Prices – 8/20/10
Dow ( DJIA ) Close - 10213.62 -57.59
Nasdaq Close - 2179.76 +0.81
S&P 500 Close – 1071.69 -3.94
Commodities Closing Prices – 8/20/10
Gold Close - 1227.20
Oil Close – 73.46
Natural Gas – 4.12
The Dow lost 58 points to 10213, as investors continued to react to the week's downbeat economic reports that have raised concern about a double-dip recession.
Oil futures for September delivery settled down 97 cents to $73.46 a barrel. Gold for December delivery slipped $6.60 to settle at $1,228.80.
Looking forward next week,
The economic news will continue to challenge. It's a relatively light week for economic reports, but it will be hard to get a lot of cheer from them.
Here's what to look for:
Tuesday: Existing-home sales for July.
Wednesday: Durable-goods orders for July. New-home sales for July.
Thursday: Initial jobless claims.
Friday: Gross-domestic-product growth for the second quarter.
Reuters/Michigan Consumer Sentiment Index for July.
Other reports due next Week include:
Monday: Sanderson Farms (SAFM) and Tuesday Morning (TUES).
Tuesday: Barnes & Noble,Big Lots (BIG)Burger King(BKC) and Medtronic (MDT).
Wednesday: American Eagle Outfitters (AEO), BHP Billiton (BHP), brewer Heineken (HINKY).
Thursday: Bebe Stores (BEBE), Credit Agricole (CRARY) and Bank of China (BACHY).
Friday: National Bank of Greece (NBG) and Tiffany.
Dow ( DJIA ) Close - 10213.62 -57.59
Nasdaq Close - 2179.76 +0.81
S&P 500 Close – 1071.69 -3.94
Commodities Closing Prices – 8/20/10
Gold Close - 1227.20
Oil Close – 73.46
Natural Gas – 4.12
The Dow lost 58 points to 10213, as investors continued to react to the week's downbeat economic reports that have raised concern about a double-dip recession.
Oil futures for September delivery settled down 97 cents to $73.46 a barrel. Gold for December delivery slipped $6.60 to settle at $1,228.80.
Looking forward next week,
The economic news will continue to challenge. It's a relatively light week for economic reports, but it will be hard to get a lot of cheer from them.
Here's what to look for:
Tuesday: Existing-home sales for July.
Wednesday: Durable-goods orders for July. New-home sales for July.
Thursday: Initial jobless claims.
Friday: Gross-domestic-product growth for the second quarter.
Reuters/Michigan Consumer Sentiment Index for July.
Other reports due next Week include:
Monday: Sanderson Farms (SAFM) and Tuesday Morning (TUES).
Tuesday: Barnes & Noble,Big Lots (BIG)Burger King(BKC) and Medtronic (MDT).
Wednesday: American Eagle Outfitters (AEO), BHP Billiton (BHP), brewer Heineken (HINKY).
Thursday: Bebe Stores (BEBE), Credit Agricole (CRARY) and Bank of China (BACHY).
Friday: National Bank of Greece (NBG) and Tiffany.
Thursday, August 19, 2010
Market Summary 8/19/2010
Stock Market Closing Prices – 8/19/10
Dow ( DJIA ) Close - 10271.21 -144.33
Nasdaq Close - 2178.95 -36.75
S&P 500 Close – 1075.63 -18.53
Commodities Closing Prices – 8/19/10
Gold Close - 1232.50
Oil Close – 74.55
Natural Gas – 4.17
The Dow tumbled 144 points to 10271, as investors were hit by bad economic news Thursday: manufacturing still stinks, more people are jobless and confidence in the future is less than hoped.
At the the end of day, however, the terror subsided somewhat. So, the market finished badly but at least off its lows of the day.
Today’s highlights: Intel will buy security software maker McAfee. Interest rates fall. Dell earnings disappoint.
Oil futures for September delivery slipped 99 cents to settle at $74.43 a barrel. Gold for December delivery rose $4 to settle at $1,235.40.
The S&P 500 has a technical breakdown. The index has found support at between 1,060 and 1,070, however. It's not clear if that support will hold on Friday.
After the bell, HPQ reported quarterly earnings and sales that strongly topped its year-ago results.
Futures trading actually suggest stocks could open higher Friday morning.
Economic Calendar Data: 8/20/2010
AnnTaylor to report quarterly results before market open.
Hormel Foods is set to report quarterly results before market open.
Dow ( DJIA ) Close - 10271.21 -144.33
Nasdaq Close - 2178.95 -36.75
S&P 500 Close – 1075.63 -18.53
Commodities Closing Prices – 8/19/10
Gold Close - 1232.50
Oil Close – 74.55
Natural Gas – 4.17
The Dow tumbled 144 points to 10271, as investors were hit by bad economic news Thursday: manufacturing still stinks, more people are jobless and confidence in the future is less than hoped.
At the the end of day, however, the terror subsided somewhat. So, the market finished badly but at least off its lows of the day.
Today’s highlights: Intel will buy security software maker McAfee. Interest rates fall. Dell earnings disappoint.
Oil futures for September delivery slipped 99 cents to settle at $74.43 a barrel. Gold for December delivery rose $4 to settle at $1,235.40.
The S&P 500 has a technical breakdown. The index has found support at between 1,060 and 1,070, however. It's not clear if that support will hold on Friday.
After the bell, HPQ reported quarterly earnings and sales that strongly topped its year-ago results.
Futures trading actually suggest stocks could open higher Friday morning.
Economic Calendar Data: 8/20/2010
AnnTaylor to report quarterly results before market open.
Hormel Foods is set to report quarterly results before market open.
Wednesday, August 18, 2010
Market Summary 8/18/2010
Stock Market Closing Prices – 8/18/10
Dow ( DJIA ) Close - 10415.54 +9.69
Nasdaq Close - 2215.70 +6.26
S&P 500 Close – 1094.16 +1.62
Commodities Closing Prices – 8/18/10
Gold Close - 1229.70
Oil Close – 75.30
Natural Gas – 4.24
The Dow is up 10 points to 10416, as no major economic releases on Wednesday.
The blue chips had been down as many as 76 points and up as many as 66 points. Finally, the market recovered all of its early losses. But the rally appeared to lose steam near the close.
Target reported better-than-expected quarterly result which cheers investors. Just before the close , GM files to go public.
Crude oil was down 35 cents to $75.32 a barrel. Gold for December delivery settled up $3.10 to $1,231.40 an ounce.
All eyes tomorrow will be on the weekly initial jobless claims.
Economic Calendar Data: 8/19/2010
U.S. weekly jobless claims. 8:30 a.m.
Sears /Williams-Sonoma.. is set to report quarterly results before market open.
HPQ / Dell.. is scheduled to report quarterly results after market close.
Dow ( DJIA ) Close - 10415.54 +9.69
Nasdaq Close - 2215.70 +6.26
S&P 500 Close – 1094.16 +1.62
Commodities Closing Prices – 8/18/10
Gold Close - 1229.70
Oil Close – 75.30
Natural Gas – 4.24
The Dow is up 10 points to 10416, as no major economic releases on Wednesday.
The blue chips had been down as many as 76 points and up as many as 66 points. Finally, the market recovered all of its early losses. But the rally appeared to lose steam near the close.
Target reported better-than-expected quarterly result which cheers investors. Just before the close , GM files to go public.
Crude oil was down 35 cents to $75.32 a barrel. Gold for December delivery settled up $3.10 to $1,231.40 an ounce.
All eyes tomorrow will be on the weekly initial jobless claims.
Economic Calendar Data: 8/19/2010
U.S. weekly jobless claims. 8:30 a.m.
Sears /Williams-Sonoma.. is set to report quarterly results before market open.
HPQ / Dell.. is scheduled to report quarterly results after market close.
Tuesday, August 17, 2010
Market Summary 8/17/2010
Stock Market Closing Prices – 8/17/10
Dow ( DJIA ) Close - 10405.85 +103.84
Nasdaq Close - 2209.44 +27.57
S&P 500 Close – 1092.54 +13.16
Commodities Closing Prices – 8/17/10
Gold Close - 1226.60
Oil Close – 75.53
Natural Gas – 4.27
The Dow rose 104 points to 10406 , as the stock rallied on a better-than-expected PPI number as well as merger and acquisition news.
Stocks took off this morning and appeared headed toward a really big finish. But the rally faded a bit in the last hour or so of trading, leaving investors wondering if the gains will continue.It was a broad rally undermined by one issue: relatively low volume.
Home Depot and Wal-Mart earnings cheer investors, they both beat street estimates, even if revenue wasn’t as strong as expected.
BHP Billition (BHP) offered to buy Potash Corp (POT), but Potash of Saskatchewan says a $38 billion offer is too low.
Oil futures for September delivery rose 53 cents to settle at $75.77 a barrel. Gold futures for December delivery increased $2.10 to settle at $1,228.30 an ounce.
The Economic Calendar Data: 8/18/2010
Crude Inventories 10:30 a.m.
Target(TGT) is set to report quarterly results before market open.
Deere(DE) is slated to report quarterly results before market open.
Dow ( DJIA ) Close - 10405.85 +103.84
Nasdaq Close - 2209.44 +27.57
S&P 500 Close – 1092.54 +13.16
Commodities Closing Prices – 8/17/10
Gold Close - 1226.60
Oil Close – 75.53
Natural Gas – 4.27
The Dow rose 104 points to 10406 , as the stock rallied on a better-than-expected PPI number as well as merger and acquisition news.
Stocks took off this morning and appeared headed toward a really big finish. But the rally faded a bit in the last hour or so of trading, leaving investors wondering if the gains will continue.It was a broad rally undermined by one issue: relatively low volume.
Home Depot and Wal-Mart earnings cheer investors, they both beat street estimates, even if revenue wasn’t as strong as expected.
BHP Billition (BHP) offered to buy Potash Corp (POT), but Potash of Saskatchewan says a $38 billion offer is too low.
Oil futures for September delivery rose 53 cents to settle at $75.77 a barrel. Gold futures for December delivery increased $2.10 to settle at $1,228.30 an ounce.
The Economic Calendar Data: 8/18/2010
Crude Inventories 10:30 a.m.
Target(TGT) is set to report quarterly results before market open.
Deere(DE) is slated to report quarterly results before market open.
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