Market Summary 6/23/2010

Stock Market Closing Prices – 6/23/10

Dow ( DJIA ) Close - 10298.44 +4.92
Nasdaq Stock Close – 2254.23 -7.57
S&P 500 Close – 1092.04 -3.27

Commodities Closing Prices – 6/23/10

Gold Close - 1234.00
Oil Close – 75.73
Natural Gas – 4.80

The stock market closed with a slight loss Wednesday after sales of new homes hit a record low and the Federal Reserve indicated that problems in Europe pose a threat to the U.S. economy.

The Federal Reserve left its key rates alone today, but the decision didn't cheer investors much.

New-home sales fell 32.7% in May to their lowest level since 1963. However,Homebuilder stocks mostly rose after a recent slide. PulteGroup Inc. advanced 19 cents, to $9.05, while Toll Brothers Inc. rose 43 cents, to $17.49.

Energy stocks were among the market's losers. The shares fell with crude oil, off $1.13 to $76.72 a barrel.

Market breadth was negative. On the NY Stock Exchange, losers beat winners eight to seven on volume of 1.13 billion shares.

Futures trading suggests stocks will open lower on Thursday.

Economic Calendar Data - 6/24/10

U.S. Jobless claims. 8:30 a.m.
U.S. durable goods orders. 8:30 a.m.
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