June 6, 2008 Daily Market Wrap

This is Jeff Wareham, Scotia McLeod wealth advisor, with your daily market wrap for June 6, 2008

Two dramatic stories in the market today. Oil was up over 10 dollars, and up over 13 percent over two days...and US unemployment was dramatically higher, with the highest monthly jump since the seventies.

Toronto's TSX closed 13.36 points lower, while The Dow closed 394.64 points lower, around 3 percent, The NASDAQ was 64.72 points lower, and the S&P finished down 3.09 percent, or 43.37 points...oil surged to 138.86 US dollars per barrel and the Canadian dollar closed at 0.9806

For further information on the markets, visit my blog on AM 980's website, at www.beyondfunds.ca

This is for information purposes only, Best efforts have been made to furnish accurate data...Performance data does not represent future performance. ScotiaMcLeod s a division of Scotia Capital, member CIPF.