Any relief we would have been seen in financial stocks was knocked down by a solid PPI reading and by more worries about banking stocks. We also saw a report from The Federal Reserve reporting that industrial productions fell by -0.2% in May, and plants were running at the lowest capacity in almost three years at 79.4%. As you'd expect, we also saw a decline of -3.3% in new housing starts to an annual rate of 975,000, and that represented more than a 10-year low. These are the unofficial closing bell levels for major US index levels:
- DJIA 12159.65 (-109.43)
- S&P500 1350.90 (-9.24)
- NASDAQ 2457.73 (-17.05)
- 10YR T-NOTE 4.225% (-0.02%)
- 52-WEEK LOWS
- Top 10 Analyst Calls
Closing Bell: Dubai sends jitters throughout the market (S, BBY)
Heinz looking good after the second quarter?
Why isn't Bank of America updating its shareholders on CEO situation?
