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Today's bits of economic activity hardly mattered in the grand scheme of the markets. Traders were watching more out of Dubai and the U.A.E. than they were watching what Federal Reserve districts had to say today. Iran also sent oil prices higher by detaining a British cruising race yacht and five Britons, and the added political fallout added to the gains in oil today. Stocks were weak for most of the day, but Dubai comments that $26 billion needed to be restructured (rather than $60 billion) helped in the final hour of the day. Here were today's unofficial closing bell levels:
Dow 10,295.11 -14.81 (-0.14%)
S&P 500 1,095.63 +4.14 (0.38%)
Nasdaq 2,144.60 +6.16 (0.29%)
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