Market Summary 6/17/2010

Stock Market Closing Prices – 6/17/10

Dow ( DJIA ) Close - 10434.17
Nasdaq Stock Close – 2307.16
S&P 500 Close – 1116.04

Commodities Closing Prices – 6/17/10

Gold Close - 1242.90
Oil Close – 76.61
Natural Gas – 5.17

The stock market managed a slender gain Thursday after traders shook off a pair of disappointing economic reports. The Dow gains 25 points even as jobless claims rise.

Traders began buying late in the session, Short covering is probably a big reason.

Apple hits a new high of $272.90 after the company reported pre-selling more than 600,000 iPhone 4's on Monday.

Crude oil closed down 88 cents to 76.79 a barrel. Gold ends near a record, Gold settled up $18.20 to $1,248.70 an ounce.

A manufacturing report shows a smaller-than-expected gain.

BP's CEO is in the hot seat on Capital Hill, He treated as “public enemy” No1. Shares of BP fell 0.4% to $31.71.

Market breadth was negative. On the NY Stock Exchange, losers beat winners by a narrow margin on volume of 1.16 billion shares. Trading Volumn is light!

Futures trading suggests stocks will open slightly lower on Friday.

Economic Calendar Data - 6/18/10

President Obama in Ohio.