Posted on September 1st, 2010 
admin
| Index/Security | Close | Chg | %Chg |
| Dow Jones (US) | 10,015 | +5.0 | +0.0 |
| S&P 500 | 1,049 | +0.4 | +0.0 |
| NASDAQ | 2,114 | -5.9 | -0.3 |
US stocks eked out a tiny advance on Tuesday, with AT&T, JP Morgan and Merck among the gainers in the conclusion of a bruising month for the market.
The Dow Jones Industrial Average edged up 4.99 points (0.05%) to 10,014.72 on Tuesday but tumbled 4.31% on the month, marking its first August drop in five years. August turned out to be the second-worst month of the year for the Dow Jones Industrial Average behind May, and the measure is now off 3.96% for the year.
The Dow’s technology components were the biggest weight on the Dow for August, with Hewlett-Packard dropping 16%, Intel sliding 14% and Cisco Systems declining 13% in the month.
The swoon has come on a steady trail of disappointing economic data that have got investors increasingly worried about whether the economy could be headed toward a double dip.
Still, with the Dow managing to edge up slightly on Tuesday, its gainers were led by AT&T, which rose 40 cents (1.5%) to $27.03, while JP Morgan Chase advanced 51 cents (1.4%) to $36.36, and Merck added 43 cents (1.2%) to $35.16.
The Standard & Poor’s 500 index rose 0.41 (0.04%) to 1,049.33, with gains in its telecommunications and financial sectors offsetting declines across its health-care and technology categories. The S&P 500 dropped 4.74% for the month, with its financial sector hit the hardest over the period. Just two sectors rose in August: telecommunications and utilities.
The Nasdaq Composite declined 5.94 (0.28%) to 2,114.03, on Tuesday, and it dropped 6.24% for the month of August.
| Precious Metals | Close | Chg | %Chg | Units |
| Gold | 1,248 | +11.7 | +0.9 | USD/Oz |
| Silver | 19.4 | +0.3 | +1.8 | USD/Oz |
Base metals on the LME finished down. Gold futures crept closer to record highs, rising on continued insecurity about the economic recovery as global equity markets struggle. Crude tumbled on Tuesday, settling below $72 a barrel as investors turned their attention toward increasingly high US oil supplies and the slowing economy.
Base metals on the LME finished down. Gold futures crept closer to record highs, rising on continued insecurity about the economic recovery as global equity markets struggle. Crude tumbled on Tuesday, settling below $72 a barrel as investors turned their attention toward increasingly high US oil supplies and the slowing economy.
Australian Stock Prices Overnight
ResMed fell by US$30.24 to US$30.14, equivalent to A$3.38, A$0.01 below its last close on the ASX.
In London, Rio Tinto rose 76.5 pence to £33.00, A$1.31 higher in Australian currency terms.
BHP-Billiton rose 18.04 pence to £18.16, A$0.31 higher in Australian currency terms.
Henderson Group Plc rose 0.5 pence to £1.25, A$0.01 higher in Australian currency terms.
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
