Market Summary 7/01/2010

Stock Market Closing Prices – 7/1/10

Dow ( DJIA ) Close - 9732.53 -41.49
Nasdaq Stock Close – 2101.36 -7.88
S&P 500 Close – 1027.37 -3.34

Commodities Closing Prices – 7/1/10

Gold Close - 1202.10
Oil Close – 72.93
Natural Gas – 4.84

Stocks slipped Thursday, but managed to trim bigger losses, a 152-point loss for the Dow is cut to 41, after worse-than-expected readings on manufacturing, housing and the labor market fueled fears that the economy is heading for another recession.

Sectors that were most pressured today: metals and materials, financial and health care stocks.

Gold tumbled more than 3%, falling $39.20 to $1,206.70 an ounce. The close was the lowest since May 25. Crude oil dropped $3.10 to $72.53 a barrel.

Friday's big jobs report is expected to show that employers cut about 100,000 jobs from their payrolls last month which will be a huge market mover. The report comes out at 8:30 a.m. ET. The unemployment rate, generated by a separate survey, is expected to have risen to 9.8% from 9.7%.

Economic Data - 7/02/2010

Jobs Report - 8:30am EST
Unemployment Report - 8:30am EST