Market Summary 7/02/2010

Stock Market Closing Prices – 7/2/10

Dow ( DJIA ) Close - 9686.48 -46.05
Nasdaq Close - 2091.79 -9.57
S&P 500 Close – 1022.58 -4.79

Commodities Closing Prices – 7/2/10

Gold Close - 1207.40
Oil Close – 72.14
Natural Gas – 4.68

The Dow lost 46 points, with the major indexes ending at new 2010 lows in the aftermath of a weaker-than-expected June jobs report.

The Dow and Nasdaq ended at fresh 8-month lows and the S&P 500 at a 9-month lows.

Crude oil for August delivery was down by 41 cents at $72.54 a barrel. The August gold contract was falling $1.70 at $1,206.70 an ounce.

Traders now face a long weekend to decide if the market hit a bottom during the day or whether there's more pain ahead for investors.

Next week features only a few earnings reports and no important economic report.