WALL STREET P.M. 07.10.09:DOW AVERAGE CLOSES LOWER

DJIA: -36.65 CLOSE 8,146.52
S&P 500 -3.55 CLOSE 879.13
NASDAQ +3.48 CLOSE 1,756.03

'NO REASON TO INVEST'
ASSOCIATED PRESS: With little positive news ahead of earnings season to drive buying, stocks on Friday headed for their longest losing streak since the market's spring rally began in early March . . . . "Nobody's investing because there's no reason to invest," said Dawn Bennett, CEO of Bennett Financial Group . . . READ MORE

ANALYSIS SHOWS DEFLATION TREND
DAILY FX: The interpretation of multiple markets’ price patterns indicate that the deflationary environment experienced in the summer and fall of 2008 has returned . . . Stock markets, whether in Europe, Asia, or the United States, all appear headed lower throughout the remainder of 2009 . . . READ MORE

STRIPPED-DOWN GM FACES
COMPETITION AND DOUBTS
MARKETWATCH: While in Chapter 11, General Motors shed $40 billion worth of debt, four brands, hundreds of dealerships and thousands of jobs . . . This is a crucial period for the auto maker. It's emerging from bankruptcy into the toughest market conditions seen in decades . . . GM still needs to give consumers with a compelling reason to buy its products . . . READ MORE