Market Watch 1/19/10

Stock Market Closing Prices – 1/19/10

Dow Jones Industrial Average ( DJIA ) Close – 10725.43 +115.78
Nasdaq Stock Market Close – 2320.40 +32.41
S&P 500 Close – 1150.23 +14.20

Commodities Closing Prices – 1/19/10

Gold Close – 1139.70 +9.60
Oil Close – 78.33 -0.69
Natural Gas – 5.56

Health stocks lift market on hopes Massachusetts vote will weaken Democrats' power in Senate.

Rising health care stocks led the market higher as the prospect of a logjam in Washington eased concerns that profits at companies like insurers and drug makers would suffer.

We had an earning report out of Citigroup that wasn't as bad as expected . Citigroup Inc. rose 12 cents, or 3.5 percent, to $3.54 after reporting a fourth-quarter loss of $7.6 billion mostly tied to repayment of $20 billion in government bailout money. The company said it is starting to see some stabilizing in the number of mortgage and credit card loans that are past due.

Earnings reports are due this week from Bank of America Corp., eBay Inc., General Electric Co., Goldman Sachs Group Inc., Google Inc., Morgan Stanley and Wells Fargo & Co.

Tomorrow’s report,
December Housing Starts
December PPI