U.S. stocks decline after latest economic data

Date: Thu, 17 Jun 2010 12:01:16 -0400

U.S. STOCKS DECLINE AFTER LATEST ECONOMIC DATA
U.S. stocks retreat after a collection of economic reports dims cheer
that came with a successful Spanish bond sale.

BP CEO FACING HOUSE PANEL ON OIL SPILL
BP PLC Chief Executive Officer Tony Hayward on Thursday finds himself
in the hot seat as he gets ready for a showdown with members of
Congress about the causes of the Deepwater Horizon oil spill.

JOBLESS CLAIMS RISE 12,000 TO 472,000
First-time applications for state unemployment benefits rose by 12,000
last week to a seasonally adjusted 472,000, the Labor Department
reports, providing further evidence that U.S. labor markets remain
very weak.

GOLD GAINS AS U.S. GROWTH SEEN SLOWER
Gold futures topped their closing record, rising more than 1% on
Thursday as investors grew more concerned about the state of the U.S.
economy.

OIL FUTURES FALL BELOW $77 ON ECONOMIC CONCERNS
The day's round of macroeconomic reports puts in question the economic
recovery, and thus demand for oil. Natural-gas futures rally nearly 3%
after an inventories report comes within expectations.