Topsy Turvy Indexes Close Mixed, Oil Falls, Apple Drops

  • June 9, 2008
  • David Goodboy

US Indexes closed mixed on inflation fears, weak dollar and energy concerns with the Dow Jones Industrial Average closing up +70.51 to 12280.32, the Nasdaq dipped -15.10 to 2459.46 and the S&P 500 climbed +1.08 to 1361.76.

Apple
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Lehman Brothers
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Alcoa
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DreamWorks
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Oil dropped $4.03 after Saudis say high price not justifiable, Gold gave back .90 cents to $898.10 and the VIX slowed down 1.78% to 23.14.

Market Snapshot

Dow

 +70.51 12280.32

NASDAQ

 -15.10 2459.46

S&P 500

 +1.08 1361.76

Economic
News

Durable Orders (Apr): Actual -0.5%, Consensus -1.5%

Chain Deflator-Prel. (Q1): Consensus 2.6%, Prior 2.4%

GDP-Prel (Q1): Consensus 0.9%, Prior 0.6%

Initial Claims (05/24): Consensus 370K, Prior 365K

Crude Inventories (05/24): Consensus NA, Prior -5317K

Personal Income (Apr): Consensus 0.2%, Prior 0.3%

Personal Spending (Apr): Consensus 0.2%, Prior 0.4%

PCE Core Inflation (Apr): Consensus 0.1%, Prior 0.2%

Chicago PMI (May): Consensus 48.5%, Prior 48.3%

Mich Sentiment-Rev (May): Consensus 59.5, Prior 59.5%