Oil Falls: DJIA Market Close for Wednesday, September 19, 2012

The Dow closed up +13.22 (+0.10%) at 13.577.96.

Dow stock winners were DIS (+1.54%), HD, KFT, MRK, CAT and GE.

Dow stock losers were led by XOM (-1.18%), INTC, HPQ, BA, MSFT and TRV.

There were 18 winners, 11 losers and 1 unchanged (AXP).

Today we got new 52 week highs from DIS, HD and GE.

Oil prices fell more than 4% today, closing at $91.98 a barrel and hitting levels not seen since early August. Brent crude, Europe’s benchmark, also slid nearly 4%.

Before the U.S. markets opened, the Bank of Japan announced it would expand its asset purchase program by ¥10 trillion to about ¥80 trillion to boost its slowing economy.

Existing home sales rose 2.8% in August to an annual rate of 4.82 million units, its fastest rate since May 2010 and well above analysts’ expectations. Home construction also advanced, with housing starts increasing 2.3%, slightly below expectations. Construction of single-family homes, which make up the bulk of the market, grew 5.5% to 535,000 units , and that’s the highest number of new single-family homes since April 2010.

The price on the benchmark 10-year U.S. Treasury was up, pushing the yield down to 1.77% from 1.81% late Tuesday.

Tomorrow before the open, notable stocks expected to report earnings inlcude AIR, KMX, CAG, IHS, JEF, MCS, RAD and SCHL.

Tomorrow after the close, notable stocks expected to report earnings include CTAS, KOOL and ORCL.

Both comments and pings are currently closed.

Comments are closed.