The DJIA started the day roughly 50 points lower, and at three hours to close is down about 0.8% to 10,215. ADBE is the only stock I mentioned yesterday to have gained thus far today, making 0.59%. BBBY is down 4.25%, NKE down 3.9% and DVN -1.71%. Though DJIA, S&P 500, and NASDAQ futures have all recovered somewhat, bearish sentiment in the market persists due to the Federal Reserve's statement yesterday. In that statement, they decided to keep interest rates at historic low levels to encourage the slow economic recovery and growth.
Jobless claims fell 19,000 for the week ending June 19, but lower-than-expected new home sales neutralized any positive effect that statistic might have caused.
HNR has fallen 2.77% to $8.06, and I rate it a BUY at $8.00.
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