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Re: blasher post# 10311

Friday, 06/29/2012 8:54:01 AM

Friday, June 29, 2012 8:54:01 AM

Post# of 10364
The market closed in negative territory yesterday, after clawing back from much steeper losses in the last hour of trading. Leaders at the two-day EU summit in Brussels are faced with the daunting task of coming up with a concrete solution. Trading was largely driven by speculation and rumors. Fears of a global slowdown also sparked a steep sell-off in oil prices, which ended the day down more than 3%. Weekly jobless claims dropped slightly more than expected. The market is set to open higher on positive news from Europe.

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