Dow Jones Industrial Average Today Flat As Financial Stocks Face Pressure

The Dow Jones Industrial Average today was flat as financial stocks continued to slide over falling expectations of a summer rate hike by the U.S. Federal Reserve.

Markets fell despite positive news in the jobs sector. Last week, the number of Americans seeking unemployment benefits were lower than economists had expected. Roughly 264,000 Americans sought benefits, besting expectations by 6,000.

While the jobs figure and financial fallout dominated the headlines, markets were in flux due to a number of other stories that slipped under the radar. From deal news to rising concerns about oil prices, here's what you need to know about the markets on June 9, 2016.

First up, check out the results for the Dow Jones, S&P 500, and Nasdaq:

Dow Jones: 17,985.60; -19.45; -0.11%                               

S&P 500: 2,115.49; -3.63; -0.17%   

Nasdaq: 4,958.62; -16.03; -0.32%

Now, here's the top stock market news today…

DJIA Today: Financial Stocks Slump as Federal Reserve Rate Hike Odds Fall

First up, the ongoing slide to the dollar has hit the financial sector hard over the last week. Shares of Goldman Sachs Group Inc. (NYSE: GS) and Wells Fargo Co. (NYSE: WFC) both fell more than 1.2%. Investors are weighing the Federal Reserve's next move, but it's growing increasingly clear that the central bank has no concept of how it can "normalize" interest rates and not tank markets. Money Morning Capital Wave Strategist Shah Gilani weighs in on the central bank's next move and what you need to do to prepare yourself.

Concerns about the Brexit had gold prices and silver prices ticking higher on Thursday. Gold prices added 0.8% today, while silver prices surged another 1.6%. Silver is now up 23% so far in 2016, fueled by a combination of geopolitical tensions and the falling dollar. The Federal Reserve's declining likelihood of an interest rate hike has weakened the dollar in recent weeks. So where will silver prices go next? Here's our latest forecast for silver prices in 2016.

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