Market Summary 8/02/2010

Stock Market Closing Prices – 8/02/10

Dow ( DJIA ) Close - 10674.38 +208.44
Nasdaq Close - 2295.36 +40.66
S&P 500 Close – 1125.86 +24.26

Commodities Closing Prices – 8/02/10

Gold Close - 1183.30
Oil Close – 81.39
Natural Gas – 4.70

This is a brand new month today. The market was on fire!

The Dow jumps 208 points; the S&P 500 and Nasdaq are ahead in 2010 for the first time since June. Economic reports from China, Europe and the US are better than expected. Oil tops $81.

Looking ahead, investors said the focus may shift later this week from earnings to the economy, particularly the outlook for the U.S. job market.

Futures trading suggests a slightly lower open on Tuesday.

Economic Calendar Data 8/3/2010

U.S. consumer spending for June. 8:30 a.m.
U.S. factory orders for June. 10 a.m.
U.S. pending home sales for June. 10 a.m.
Pfizer/Procter & Gamble /Dow Chemical is to release results for the quarter before market open.