Comtex SmarTrend Market Close Wrap-up -- September 14, 2010 (DJI,INX,IXIC)

The major U.S. equity indices closed mixed Tuesday despite a positive report from the Commerce Department indicating that retail sales rose at their fastest rate in five months during August, beating economist forecasts. July business inventories also jumped the largest amount in two years, as business sales rebounded following two declining months. Gold reached all-time new peaks, pushing investors into a buying momentum. Gold for December delivery closed $24.60 higher at $1,271.70 an ounce at the New York Mercantile Exchange's Comex division. In corporate news, Cisco Systems, Inc. (NASDAQ:CSCO) CEO John Chambers announced that the company will institute its first dividend during the current fiscal year. The yield will most likely range between 1% and 2%. Shares of Cisco gained 3.4% earlier Tuesday as a result, to $21.98. Best Buy Co., Inc. (NYSE:BBY) reported above-expected earnings of $0.60 per share on revenue of $11.34 billion; analysts expected earnings of $0.44 per share. The Dow Jones Industrial Average (DJI) closed 0.17% lower at 10,526.49, the S&P500 (INX) closed 0.07% lower at 1,121.10, and the Nasdaq Composite (IXIC) closed 0.18% higher at 2,289.77.

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