WALL ST. P.M. 06.09.09STOCKS POST SMALL LOSS

DOW JONES. -1.43 CLOSE: 8763.06
NASDAQ +17.73 CLOSE: 1860.13
S&P 500 +3.28 CLOSE: 942.43

WALL STREET JOURNAL: The dollar fell sharply Tuesday as a pop in oil prices and stability in U.S. stock markets boosted risk appetite and sent investors into currencies that pay higher yields than the greenback. . . . READ MORE

ASSOCIATED PRESS: Stocks ended a quiet day mostly higher Tuesday as traders pushed money into commodity and technology stocks. Higher commodity prices suggest investors expect the economy to improve and have a greater appetite for basic materials. . . . READ MORE

OIL HIKE HURTS RECOVERY
CNN/MONEY: Oil prices near $70 a barrel. Goldman Sachs recently said it sees crude at $85 by the year's end. With the economy still on life support, oil is drifting dangerously close to being the wet blanket at the recovery's party. . . . READ MORE

INVESTORS HEDGE; GOLD RISES
THE AGE/AUSTRALIA: Gold rose . . . on speculation that a weaker dollar will spur demand for the metal as an alternative investment. . . . "When we look at gold, we think that it’s going to be something that investors are going to increasingly want to have in their portfolios," Peter Arden, an Ord Minnett analyst, said today in a Bloomberg Television interview . . . READ MORE

GEITHNER: 'STORM RECEDING'
AP/BREITBART: In Italy for an upcoming G-8 meeting, U.S. Treasury Secretary Timothy Geithner said Tuesday, "I think it's fair to say that the force of the global storm is receding a bit." . . . READ MORE