Market Summary 6/28/2010

Stock Market Closing Prices – 6/28/10

Dow ( DJIA ) Close - 10138.52 -5.29
Nasdaq Stock Close – 2220.65 -2.83
S&P 500 Close – 1074.57 0.00

Commodities Closing Prices – 6/28/10

Gold Close - 1238.20
Oil Close – 77.56
Natural Gas – 4.72

Stocks end slightly lower Monday as investors welcomed a slight increase in personal spending but remained on guard ahead of key economic reports due later this week.

Volume was quite light, particularly on the NY stock exchange.

Tobacco and gun stocks rise on two favorable Supreme Court rulings. The court strikes down part of the Sarbanes-Oxley anti-fraud law.

Sprint (S) gained 6% after President Obama signed a memorandum to expand the amount of broadband spectrum available for smartphones and other wireless devices.

Energy shares drop as oil falls, Crude oil was down 61 cents to $78.25 a barrel.

Future trading suggests the US market will open slightly lower on Tuesday!

Economic Data - 6/29/2010

Case-Shiller home price figures are released. 9 a.m.
U.S. consumer confidence data released. 10 a.m.