Market Summary 6/21/2010

Stock Market Closing Prices – 6/21/10

Dow ( DJIA ) Close - 10442.41 -8.23
Nasdaq Stock Close – 2289.09 -20.71
S&P 500 Close – 1113.20 -4.31

Commodities Closing Prices – 6/21/10

Gold Close - 1239.70
Oil Close – 77.55
Natural Gas – 4.86

Stocks finished lower Monday, with the Dow industrials erasing a gain of as much as 143 points, as investors chose to be cautious after a recent advance and discounted China's move to strengthen its currency.

The euro fell against the dollar. That decline beat up a rally in commodities and commodity stocks. And the broad averages slumped.

BP were down 45% to 30.33 after the company said the cost of its oil spill has reached $2 billion.

Crude oil was up 64 cents to $77.82 a barrel. Gold closed down $17.60 to $1,240.70 an ounce.

Market breadth was negative. On the NY Stock Exchange, losers beat winners four to three on volume of 1.07 billion shares.

Futures trading suggests a modestly higher open.

Economic Calendar Data - 6/22/10

Existing Home Sales - 10am EST
FOMC Meeting Begins