Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, June 30, 2010

Wednesday

All three major indexes continued to drop today as we wrapped up the second quarter of trading for the year. An upbeat reading on Chicago-area manufacturing activity and an uplifting European Central Bank auction encouraged investors, but disappointing data on U.S. private-sector employment pulled the market down. A report from Automatic Data Processing said private-sector jobs in the U.S. increased by 13,000 last month - much less than the gain of 60,000 expected by economists. In other markets, the euro strengthened today, while the U.S. Dollar Index fell slightly. DJIA -96.28 Nasdaq -25.94 S&P 500 -10.53.