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Friday, June 25, 2010

Market Summary 6/25/2010

Stock Market Closing Prices – 6/25/10

Dow ( DJIA ) Close - 10143.81 -8.99
Nasdaq Stock Close – 2223.48 +6.06
S&P 500 Close – 1076.76 +3.07

Commodities Closing Prices – 6/25/10

Gold Close - 1255.80
Oil Close – 78.86
Natural Gas – 4.86

The Dow lost 9 points, financial shares rallied Friday on relief that the new version of the Wall Street reform bill is less restrictive than had been expected, but the broader market was mixed at the end of a down week on Wall Street.

Bank stocks rise after negotiators agree to a financial reform bill.

Energy shares get a boost from Gulf of Mexico storm worries. Crude oil settled up 3.1% to $78.86 after hitting as high as $79.13 on the storm worries and helped a number of energy shares move ahead.

Market breadth was positive and volume was robust because of the rebalancing. On the NY Stock Exchange, volume of 2.56 billion shares. Nasdaq, volume of 5.14 billion shares.

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