Indexes Close Mixed, Dollar Gains, Coca Cola Advances

• June 10, 2008
• David Goodboy

US indexes closed mixed today with the DJIA ending the session up +9.44 to 12289.76, the Nasdaq gave back -10.52 to 2448.94 and the S&P 500 lost -3.32 to 1358.44. The Dollar had its biggest 2-day gain since 2005 after Bernake’s stated economic risks have decreased.

Coca Cola
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Lehman Brothers
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Omnicare
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United Rentals
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Gold plummeted $26.90 to $871.20 and oil gave back $2.57 to $131.78 on the dollar’s rebound.

Market Snapshot

Dow +9.44 12289.76 NASDAQ -10.52 2448.94 S&P 500 -3.32 1358.44

Economic News

Crude Inventories (06/07): Consensus NA, Prior -4802K Fed’s Beige Book Treasury Budget (May): Consensus NA, Prior $159.3 Export Prices ex-oil (May): Consensus NA, Prior 0.6% Import Prices ex-oil (May): Consensus NA, Prior 1.1% Initial Claims (06/07): Consensus 370K, Prior 357K Retail Sales (May): Consensus 0.7%, Prior -0.2% Retail Sales ex-auto (May): Consensus 0.7%, Prior 0.5% Business Inventories (Apr): Consensus 0.3%, Prior 0.1% Core CPI (May): Consensus 0.2%, Prior 0.1% CPI (May): Consensus 0.5%, Prior 0.2% Mich Sentiment-Prel. (June): Consensus 59.5, Prior 59.8