Stock Market 6-23-11 June 23, 2011, DOW Jones

The stock market is in the red today with the DOW jones dropping over 210 points at one point. Aside from the Greece debt crisis, initial jobless claims were once again disappointing. The stock market also took a tumble due to the Department of Energy releasing oil from the strategic petroleum reserves.

One positive in the stock market today was the housing data. New home sales for May, 2011 were 319,000 which is better than the 290,000 forecast.

Stock market events 6-24-11, June 24, 2011:

Economic Data - GDP Q1 estimate 8:30 AM and durable orders for May, 2011 due out at 8:30 AM.