US Shares Drop on Monday

Markets fell in the United States on Monday, as the shares of many commodities-related firms declined.
US Shares Drop on Monday
6/28/2010
Updated:
6/28/2010

Markets fell in the United States on Monday, as the shares of many commodities-related firms declined. The S&P 500 Index decreased 0.2 percent to 1,074.57, while the Dow Jones Industrial Average dropped 0.1 percent, or 5.29 points, to 10,138.52. The S&P 500 has declined 3.6 percent year-to-date, and dropped a whopping 8.1 percent in the second quarter, which will end on Wednesday, June 30.

Tobacco company shares were big winners on Monday after the Supreme Court struck down a racketeering lawsuit against the tobacco industry started by former President Bill Clinton. Shares of Altria, Inc., which owns Philip Morris USA, gained 3.3 percent in Monday trading. Reynolds American Inc. shares increased by 4.1 percent on Monday, also helped by the news.