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October 11, 2008 5:36:25 AM CDT

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Mixed Results Cap Ugly June

Posted Jun 30, 08 3:39 PM CDT in Business 

(Newser) – Stocks ended mixed today—the last day of the second quarter—and couldn't prevent the Dow and S&P from their worst June since the Great Depression, CNNMoney reports. The Dow ended up 3.50 today, to 11,350.01; the Nasdaq was down 22.65 to 2,292.98, and the S&P up 1.62 to 1,280.00. Each of the major indices was down at least 8.6% for the month.

Oil retreated from a $143-a-barrel record hit early in the session, providing some relief, the Wall Street Journal reports. Financials remained a drag on the rest of the market; as one analyst put matters, "It being quarter end, a lot of window dressing is driving things. It's no coincidence financials are weak and commodities are strong."

Sources CNNMoney, Wall Street Journal, Bloomberg, Financial Times (UK)

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Traders work the crude oil options pit of the New York Mercantile Exchange Monday, June 30, 2008.   (AP Photo/Mary Altaffer)
A motorist drives past posted prices at a gas station Monday, June 30, 2008, in north Seattle.   (AP Photo/Elaine Thompson)
Traders work the crude oil options pit of the New York Mercantile Exchange today.   (AP Photo)
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