Economy

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%

Stocks close lower, but pare earlier losses

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]