It sounds like a broken record, but new Unemployment claims for the week came in over 600,000 again, and five more banks were shut down by regulators this week (list).
Commodities: Oil prices are holding up around $69 per barrel so far. Gold was up for the week, while the US Dollar was more or less flat. Bond prices recovered, as the huge auction of new debt went well.
Next week is a short week with the markets closed on Friday for the 4th of July holiday. The monthly payroll and unemployment report will be released on Thursday -sometimes a market mover. Otherwise it could be a quiet week.
Market analysis: We are still chopping around in a trading range, as we await earnings reports after the holiday weekend. The up-trend from March 9th has stalled for now.
A Pop Icon's Death: The Talent and the Tragedy
Five Banks Fail, Depositors Suffer
U.S. initial jobless claims jump to one-month high
Mounting Jobless Claims Force States To Borrow Funds
U.S. housing misery poised to enter new phase
Banks: Long Way to Go Before Things Get Better
Big Banks in Trouble: Huge Mortgage Write-Downs Seem Inevitable
Derivatives: The risk that still won't go away
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