Market Summary 6/09/2010

Stock Market Closing Prices – 6/09/10

Dow ( DJIA ) Close - 9899.25 -40.73
Nasdaq Stock Close – 2158.85 -11.72
S&P 500 Close – 1055.6 -6.31

Commodities Closing Prices – 6/09/10

Gold Close - 1231.60 +3.10
Oil Close – 74.34 -0.04
Natural Gas – 4.67

The Dow closed at 9899 today, as the market rallied in the morning and fells part during the afternoon. Some expert said it's looking more and more like we're in a bear market, rather than just a correction.

The blue chips fall 41 on profit-taking and worries that BP may not survive.BP shares were down 15.8% in New York to $29.20, their lowest level since the summer of 1996.

Bernanke and the Fed are cautiously optimistic on the economy. Consumer and business spending picked up, the job market improved slightly and inflation remained in check.

U.S. light crude oil for July delivery climbed $2.39, or 3.3%, to settle at $74.38 a barrel.

After closing at a record high Tuesday, gold for August delivery slipped $15.50, or 1.3%, to settle at $1,228.50 an ounce.

Market breadth turned mixed. On the NY Stock Exchange, winners beat losers three to two on volume of 1.7 billion shares.

Economic Calendar Data - 6/10/10
Initial Claims - 8:30am EST