CLOSING BELL: June 28: DJIA: 12,602.26 | DOWN 24.75 | -0.20%
OIL: $78.46, DOWN 1.75, -2.18%
GOLD: $1,557.00, DOWN 21.40, -1.36%
GASOLINE (US Avg): $3.369, -.004%
Maureen Farrell, CNNMoney– Stocks closed the day in negative territory Thursday, but climbed back from much steeper losses in the last hour of trading.
The rumors of a possible pact to keep the eurozone together quickly overshadowed the story that had been driving the market all day: A U.S. Supreme Court decision upholding President Obama’s health care reform law.
That decision had sparked a deep sell-off for U.S. stocks Thursday, as investors fear that health care costs could further cripple economic growth.
Read the complete article at CNNMoney [here]