Market Summary 8/27/2010

Stock Market Closing Prices – 8/27/10

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.