Market Summary 7/09/2010

Stock Market Closing Prices – 7/9/10

Dow ( DJIA ) Close - 10198.03 +59.04
Nasdaq Close - 2196.45 +21.05
S&P 500 Close – 1077.96 +7.71

Commodities Closing Prices – 7/9/10

Gold Close - 1210.20
Oil Close – 76.26
Natural Gas – 4.40

Stocks surge to best week in a year, last hour buying pushes the Dow up 59 points. Thanks to gains in metals and financial stocks and hopes for a strong second-quarter earnings season.

With today's rally, stocks ended with their biggest weekly gains in nearly a year. The market's strong performance came after two weeks of losses.
Google will get a license renewal in China. Best Buy and chip stocks are downgraded.

Earnings season starts Monday with Alcoa. The company's stock rose 1.9 percent ahead of its report. Other companies scheduled to release results next week include banking giants JPMorgan and Bank of America ,General Electric and chipmaker Intel are also scheduled to report earnings next week.

Market breadth was positive and volume was light, signaling many investors were staying out of the market.