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News & Analysis: The Market Update
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Bull or Bear: Vote in Our Poll

By William Hennelly
Managing Editor

7/2/2009 6:00 PM EDT
Click here for more stories by William Hennelly
 
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The stock market had no sparkle on Thursday as the nation prepared to celebrate its 233rd birthday this weekend.

 
On Thursday, the Dow Jones Industrial Average finished down 223.32 points, or 2.6%, at 8280.74, while the S&P 500 lost 26.91 points, or 2.9%, to 896.42. The Nasdaq Composite declined 49.20 points, or 2.7%, to 1796.52.

Crude oil futures dropped more than $2 a barrel Thursday. Earlier in the morning, the monthly jobs report showed that the unemployment rate had risen to 9.5%. For the week, the Dow lost 1.8%, the S&P 500 gave up 2.4%, and the Nasdaq dropped 2.3%.

The market is approaching second-quarter earnings season, which should provide some clear signals as to whether stocks can build on their stellar first half of the year.

Alcoa (AA - commentary - Trade Now) will start the season when it reports results Wednesday afternoon. Analysts are expecting a loss of 34 cents a share on revenue of $3.93 billion, according to Thomson Reuters.

So where do you think the market is headed next week? Please vote in our poll below.

RealMoney Barometer Poll
1 What would best describe your stance heading into the coming week of trading?
Bullish
Bearish
Neutral
2 Which of these sectors do you think is set to move up in the coming week?
3 Which of these sectors do you think is set to move down in the coming week?


View the results without voting







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