DJIA Market Close For Week Ending Friday, September 28, 2012

The Dow closed down -48.84 (-0.36%) at 13,437.13.

For the week, DJIA was down -1.0%, Nasdaq -2.0%, S&P 500 -1.3% and Russell 2000 -2.1%.

Year-to-date, DJIA is up +10.0%, Nasdaq +19.6%, S&P 500 +14.6% and Russell 2000 +13.0%.

Today, there were only 5 Dow stock winners,led by CSCO (+1.60%), HD, IBM, AXP and PG.

Losers were led lower by INTC (-1.86%), MCD, BAC, UNH and AA.

Next Monday, Federal Reserve Chairman Ben Bernanke is scheduled to speak and the minutes of the latest FOMC meeting are set for release later in the week. The week’s agenda includes meetings of the European Central Bank, the Bank of England and the Bank of Japan.

On Wednesday, we have the Presidential debate where Obama will… You know what with Romney.

Bank of America (BAC) announced a $2.43 billion settlement in a class action lawsuit for shareholders who questioned the bank’s decision to acquire Merrill Lynch. BofA’s stock fell 1.56%.

General Electric (GE) ended the week hitting another 52 week high intraday.

The dollar fell against the euro but gained versus the British pound and Japanese yen.

Oil for November delivery added 34 cents to $92.91 a barrel.

Gold futures for December delivery lost $6.60 to $1,773.90 an ounce.

The price on the benchmark 10-year U.S. Treasury stayed around 1.64%, near its Thursday levels.

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