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Wednesday, June 2, 2010

Market Summary 6/02/2010

Stock Market Closing Prices – 6/02/10

Dow ( DJIA ) Close - 10249.54 +225.52
Nasdaq Stock Close – 2281.07 +58.74
S&P 500 Close – 1098.38 +27.67

Commodities Closing Prices – 6/02/10

Gold Close - 1222.00 +1.40
Oil Close – 73.62 +0.76
Natural Gas – 4.42

Dow up 226 points on Wednesday, fueled by a rebounding energy sector, as investors regained confidence following the previous session's huge sell-off.

Crude oil finished up 28 cents to $72.86 but was trading well above $73 in late in electronic trading. Natural gas added 4.1% to $4.424 per million British thermal units.

Tax credits boost home-sale contract signings. Auto sales beat estimates.

Futures trading suggests stocks could open slightly higher on Thursday.

Economic Calendar Data - 6/3/10

U.S. jobless claims, first-quarter productivity data. 8:30 a.m.
U.S. ADP employment data for May. 8:15 a.m.

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