MIDDAY LUNCH

Dow 10258.18  -35.37, Nasdaq 2247.76  -14.04, S&P 1088.54  -6.77 

The stock market has been stuck in negative territory all morning with energy stocks feeling the pressure.

Energy stocks are down -1.1% after oil prices fell -2.7% to $75.80 per barrel.  The fall comes on news that crude oil inventories for the week ending June 18 had a buildup of 2.02 million barrels when a draw of 800,000 barrels had been expected.  Some of the losers today are: Anadarko Petroleum (APC) 40.28 -1.44, -3.45%, Cheveron (CVX) 72.80 -1.20, -1.62%, and ConocoPhillips (COP) 53.75 -0.71, -1.30%.

Shares of homebuilders have fallen are down - 0.9% after new home sales for May missed estimates.  New home sales for May hit an annualized rate of 300,000 units, down -32.7% month-over-month to a record low.

After the market close Nike (NKE) 72.12 -0.34, -0.47% is scheduled to report earnings.  Estimates are for the company to report earnings of $1.06 versus $0.99 a year ago. Other companies due to report after the bell that are of interest are Darden Restaurants (DRI) 41.58 -0.81, -1.91% and Paychex (PAYX) 27.48 -0.25, -0.90%.