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Old 06-23-2012, 04:41 AM   Nav to Top 
mcxprovider
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U.S. MARKET UPDATE
U.S. stocks fell, ending a two-week winning streak by the Standard & Poor’s 500 Index, after the Federal Reserve cut its economic forecast and a bear market in commodities prices dragged down energy producers.

The Dow Jones industrial average was up 78.56 points, or 0.62 percent, at 12,652.13. The Standard & Poor’s 500 Index was up 9.92 points, or 0.75 percent, at 1,335.43. The Nasdaq Composite Index was up 29.17 points, or 1.02 percent, at 2,888.26.

GOLD
Gold rebounded on Friday after the last session’s sell-off, but the precious metal was virtually flat for the year to date and posted a weekly drop of nearly 4 percent on deflation worries and a lack of aggressive Federal Reserve stimulus.
SPOT GOLD
Spot gold was up 0.2 percent at $1,568.70 an ounce by 2:59 PM EDT (1859 GMT), just $5 above the closing price of $1,563.80 for 2011.
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