Market Summary 6/29/2010

Stock Market Closing Prices – 6/29/10

Dow ( DJIA ) Close - 9870.30 -268.22
Nasdaq Stock Close – 2135.18 -85.47
S&P 500 Close – 1041.24 -33.33

Commodities Closing Prices – 6/29/10

Gold Close - 1242.00
Oil Close – 75.60
Natural Gas – 4.55

Stocks tumbled Tuesday, with the Dow falling as much as 326 points and the S&P hitting an 8-month low after a big drop in consumer confidence and signs of a bigger slowdown in the global economy.

The S&P 500's close was its lowest for 2010, but the index did rebound from a low of 1,035 to finish above 1,040, a very important support level.

Crude oil fell $2.31 to $75.94 a barrel. Gold moved up $3.80 to $1,242.40 an ounce.

If you wanted a bit of good news, Electric car maker Tesla Motors debuted on the Nasdaq under the ticker TSLA, rising 12% from its IPO price late Monday. The stock was up 40.5% to $23.89.

Futures trading late today suggests a soft open on Wednesday.

Economic Data - 6/30/2010

U.S. employment figures from ADP at 8:15 a.m.
Chicago PMI released at 10 a.m.