Stocks are lower and the price of gold and oil are higher as the situation in Iraq remains unstable.

The Dow is down 38 points, the S&P 500 is down 3 points, and the Nasdaq is down 20 points.

Gold is trading above $1300 an ounce, more than 2% higher than yesterday, and Brent crude oil is just below $115 a barrel.

President Obama spoke this afternoon regarding the situation in Iraq.

Earlier today, weekly jobless claims were reported at 312,000, roughly in-line with expectations. 

The Philly Fed's June business outlook survey came in at 17.8, blowing away expectations for a 14.0 reading. The report also showed that more than 70% of respondents expect an increase in production in the second half of the year. 

In corporate news, shares of BlackBerry are rallying after the smartphone maker reported earnings that crushed expectations. 

T-Mobile shares are up about 0.6% after the company last night announced it would let users rent an iPhone 5s for free for a week. T-Mobile CEO John Legere then went off on a profanity-laced tirade against AT&T and Verizon 

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