SmarTrend Market Close Wrap-Up — August 19, 2011
Themajor US equity indices closed lower Friday as investors remained focused on the European Union and its banks. The Labor Department reported that unemployment rose in 28 states, fell in nine, and remained unchanged in 13, which are nearly the same figures as in June. Earlier in the month, the government reported that hiring picked up slightly nationwide in July, with the economy adding 117000 jobs. Gold rose to a record above $1880 an ounce in New York. Gold for December delivery rose $27.60, or 1.5%, to $1849.60 on the Comex this morning, after touch $1881.40, the highest ever