August 30, 2010
The major averages erased Friday's gains going into the close today, ending the session just off the low of the day. The Dow dropped 140 points or 1.4 percent to 10,009.73, the Nasdaq lost 33 points or 1.6 percent to 2,119.97 and the S&P 500 fell 15 points or 1.5 percent to 1,048.92.
S&P 500 Futures moved higher this morning in an attempt to challenge Friday's high of 1064.25. The attempt failed at 1063.50 and a trend day down developed. The session closed just off the lows at 1044.75 on 1.4m contracts. -19 / -1.79%
Dow Futures opened at 10105, hit an intra-day high of 10135 in early trading and spent the remainder of the day trending down to close at 9979 on 114k contracts. -162 / -1.6%
Gold Futures for December delivery closed on the New York Mercantile Exchange up $1.30, or 0.1%, at $1,239.20 an ounce. Silver for December delivery closed flat at $19.07 an ounce.
Crude Futures for October delivery settled 47 cents, or 0.6%, lower at $74.70 a barrel on the New York Mercantile Exchange. Brent crude oil on the ICE Futures exchange settled down 5 cents at $76.60 a barrel.
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