Halftime Report 6.20.2012

In Europe, Spanish 10-year yields dropped below the significant 7% level and the IBEX up 1.2%.

S&P 500 futures fell 4.00 points (-.30%) to 1346.50, Dow Jones Industrial average futures fell 25 points (-.20%) to 12737.00, and NASDAQ futures rose 2.75 points (.11%) to 2615.25.

Gold futures fell $22.7 (-1.40%) to $1600.50 and WTI crude futures fell $2.43 to $81.60.

Adobe (ADBE), among the biggest losers in the S7P 500 index fell 3.81% after weak demand forecasts for Europe.

Facebook (FB) fell back over 1% after reaching its highest level since May 25 yesterday.

Walgreen (WAG) declined 4%, after falling 5.9% yesterday when analysts downgraded the drugstore chain. WAG plans to buy European drugstore giant Alliance Boots for $6.7 billion.