This is your Market Close Wrap Up for August 14, 2012. Stocks fall into the red toward the end of trading today most likely on worries over the eurzone economy. But wall street fought back to finish relatively flat after having modest gains for most of the day.Those modest gains were caused by good news from the Commerce Department. The agency reported retail sales jumped an unexpected 0.8% in July from the previous month. Analysts were expecting a rise of just 0.3%. The news could be seen as a sign the U.S. economy is on the road to recovery.Oil and Gold finished mixed on the day. Oil was relatively flat but was up above $93 a barrel. Gold lost $11 to finish at $1,602 an ounce.One of the biggest winners today was Transcontinental Realty Investors, finishing up over 20% after posting positive second quarter earnings results. One of the biggest losers: Groupon. It’s shares finishing down over 26% on news of its less-than-expected quarterly revenue. Taking a look at where the markets closed today. The Dow finished up over 2 points to 13,172. The S&P finished flat and the Nasdaq was down over 5 points.For more market updates and analysis of the business world follow us on twitter @FNNOnline or check out our website at fnno.com
