US Indexes Close Mixed, Lehman Brothers Hits 8 Year Low, Oil Strikes New High

  • June 30, 2008
  • David Goodboy

US Indexes closed mixed today on financial sector losses and additional economic worries. The DJIA closed up +3.50 to 11350.01, the Nasdaq fell -22.65 to 2292.98 and the S&P 500 climbed +1.62 to 1280.00.

Lehman Brothers
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Brunswick Corp.
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Devon Energy
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H&R Block
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Oil hit a new high today before pulling back to close at $140.27/barrel, The VIX climbed 2.22% to 23.96 and the Euro fell against the US Dollar.

Market Snapshot

Dow

 +3.50 11350.01

NASDAQ

 -22.65 2292.98

S&P 500

 +1.62 1280.00

Economic
News

Durable Orders (May): Actual 0.0%, Consensus 0.0%

New Home Sales (May): Consensus 510K, Prior 525K

Chain Deflator-Final (Q1): Consensus 2.6%, Prior 2.6%

GDP Final (Q1): Consensus 1.0%, Prior 0.9%

Initial Claims (06/21): Consensus 375K, Prior 381K

Existing Home Sales (May): Consensus 4.95M, Prior 4.89M

Personal Income (May): Consensus 0.4%, Prior 0.2%

Personal Spending (May): Consensus 0.7%, Prior 0.2%

Crude Inventories (06/21): Consensus NA, Prior -1242K

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