DJIA Market Close for Thursday, June 28, 2012

The Dow closed down -24.75 (-0.20%) at 12,602.26, moving substantially of its lows.

The Dow had 13 winning stock components today, coupled with 1 unchanged and 16 losers.

Winners were led by CVX (+0.87%), KFT, T, PG, CAT, VZ, MRK and GE.

Losers were led by JPM, UTX, CSCO, INTC, MSFT, IBM, HPQ and WMT.

Today, the U.S. Supreme Court decision upheld President Obama’s health care reform law.

The Supreme Court ruling is a big win for President Obama and big plus going into the election this year.

The dollar was up against the euro and British pound, but slipped against the Japanese yen.

Oil for August delivery fell $2.52 cents to $77.69 a barrel.

Gold futures for August delivery dropped $28 to $1,550.40 an ounce.

The price on the benchmark 10-year U.S. Treasury was up, pushing the yield down to 1.59% from 1.62% late Wednesday.

Tomorrow before the open, notable stocks expected to report earnings include STZ, FINL and KBH.

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