Stock Market Closing Prices – 6/16/10
Dow ( DJIA ) Close - 10409.06
Nasdaq Stock Close – 2305.93
S&P 500 Close – 1114.61
Commodities Closing Prices – 6/16/10
Gold Close - 1229.30
Oil Close – 77.12
Natural Gas – 4.99
Stocks recovered from deep losses Wednesday and finished a choppy session near the previous day's closing levels as investors considered mixed economic news and BP's agreement to establish a $20 billion escrow fund and cancel its quarterly dividend.
The fund will finance repairing damages from the Gulf spill. BP will suspend its dividend for the rest of 2010.
Housing starts slump as tax credit expires.
FedEx gives a weak earnings forecast, The company says increased costs will weigh on earnings,FedEx fell $4.94, or 6 percent, to $78.07.
Crude oil closed up 77 cents to $77.67 a barrel today.
Today ‘s Volume was quite light: 1.2 billion shares on the floor of the New York Stock Exchange and 1.9 billion shares on Nasdaq.
Futures trading suggests stock will open down slightly on Thursday!
Economic Calendar Data - 6/17/10
Initial Claims - 8:30am EST
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