The bond market bashed down interest rates today while stock brokers snoozed through another session and oil traders rolled over the bets on where crude prices are headed.
U.S. Treasury bonds fell by .07 percentage points to 4.04 percent in response to economic developments in Europe where Sweden announced an unexpectedly large cut in rates.
At the New York Mercantile Exchange, the final day of trading of futures contracts for oil to be delivered in July turned out to be uneventful. The expiring July futures fell 47 cents to $59.80 a barrel. The contract for August delivery -- which takes center stage now that the July futures have expired -- fell 84 cents to $59.04.
The dual moves down relieved some of the pressure on energy prices, but that could all change tomorrow when the government issues its latest report on oil stockpiles.
The stock market continued to move cautiously, producing minor losses for the Dow Jones industrial average and the Standard & Poor's 500 stock index and minor gains for the Nasdaq Stock Market composite index.
The Nasdaq composite advanced three points to 2,091.07. The Dow fell a little more than nine points to 10,599.67. The S&P 500 fell two-and-a-half points to 1,213.61.