Stock Market Daily News

June 11 Wednesday

DJIA 12,083.77 -205.99 1.68% NASDAQ 2,394.01-54.93 2.24% S&P 5001,335.49

Wall Street fell Wednesday as oil prices rebounded and investors awaited readings on regional economic activity and U.S. energy supplies.

BRIEFING.COM] The major indices extend their opening losses in a mostly broad-based retreat. Financials (-1.3%) are acting as the main drag after providing leadership yesterday.

June 10

DJIA 12,289.76 9.44 0.08% NASDAQ 2448.94 -10.52 0.43%
Wall Street has closed mostly lower, with an oil price pullback failing to keep investors from fretting over the economic effects of high energy costs.


June 9, 2008

DJIA 12,280.32 70.51 0.58% NASDAQ 2,459.46 -15.10 0.61%

The stock market is posting a slight loss, as continued weakness in financials (-2.5%) is preventing the market from making it back to positive territory. The tech sector (-0.7%) pares a portion of its losses as Apple (AAPL 180.85, -4.79) CEO Steve Jobs unveils the new iPhone 3G at an Apple conference.

Lehman to Raise $6B in Capital, Expects $2.8B Loss- AP
Lehman Brothers Holdings Inc. on Monday said it will raise $6 billion in new capital to shore up its balance sheet after saying it expects to post an unexpectedly large second-quarter loss of nearly $3 billion.

Apple unveiled an upgraded iPhone with a faster Internet and satellite navigation capabilities--

NEW YORK (CNNMoney.com) -- On the first day of what is to be a two-week economic tour around the country, Barack Obama said Monday he thinks lawmakers need to inject another $50 billion immediately into the sluggish U.S. economy.

Stocks finish widely mixed after Friday's sell-off

June 3rd, 2008
Bernanke Signals More Rate Cuts Unlikely- AP

Stocks Rally on Jobs, Retail Data- AP June 5, 2008
Wall Street rose sharply Thursday after investors got some comforting news about the economy -- a drop in the number of laid-off workers seeking unemployment benefits and some better-than-expected retail sales in May.

Stocks Sink on Jobs Data, Surge in Oil Prices- AP June 6, 2008
Wall Street tumbled Friday after the government reported a jump in unemployment that was much larger than the market anticipated and as oil prices surged more than $6 a barrel.

WASHINGTON - The nation's unemployment rate jumped to 5.5 percent in May — the biggest monthly rise since 1986 — as nervous employers cut 49,000 jobs.

June 7, 2008
Average national gasoline prices had stabilized last week before Thursday and Friday's spike of U.S. crude oil futures by $16 to a record above $139 a barrel. Friday's one-day gain of $10.75 for crude oil was the biggest daily gain in history, and Thursday's gain was the second biggest.

http://money.cnn.com/
DOW -394.64-3.13% 12,209.81
NASDAQ -75.38-2.96% 2,474.56
S&P 500 -43.37-3.09% 1,360.68

http://studio-5.financialcontent.com/pennwell?Account=ogj&Page=MajorIndices

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