Stock Market Closing Prices – 8/06/10
Dow ( DJIA ) Close - 10653.56 -21.42
Nasdaq Close - 2288.47 -4.59
S&P 500 Close – 1121.64 -4.17
Commodities Closing Prices – 8/06/10
Gold Close - 1203.40
Oil Close – 80.70
Natural Gas – 4.47
The Dow fell 21 points to 10653.
Friday was a wild and crazy day. Stocks plunged after a disappointing jobs report, then nearly recovered all of their losses.
Better-than-expected corporate earnings helped boost the Dow 7% in July, which was the best month for stocks in a year. But the cloudy outlook for the U.S. economy has weighed on the market so far in August, which is historically a bad month for Wall Street.
Friday's jobs report raised speculation that the government may take additional steps to shore up the recovery as previous economic stimulus measures fade.
Next Week:
The Fed will decide whether another round of stimulus is in order. Cisco Systems, Macy's, Disney and JC Penney will report quarterly results.
