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Friday, May 14, 2010

Market Focus 5/14/2010

Stock Market Closing Prices – 5/14/10

Dow ( DJIA ) Close - 10620.16 -162.79
Nasdaq Stock Close – 2346.85 -47.51
S&P 500 Close – 1135.68 -21.75

Commodities Closing Prices – 5/14/10

Gold Close - 1210.00 +10.90
Oil Close – 71.61 -2.35

Dow falls 163 points Friday on worries that Europe's economic woes could spread to the United States, while the euro fell to 18-month lows versus the dollar and gold hit fresh records.

Financial stocks slide on possible caps on debit card fees.
Crude oil fell 3.8% to $71.61 a barrel, its first close below $72 since Feb. 8. For the week, crude was off 4.7% and is down nearly 17% this month.

Moreover, the market has tended to fall on Fridays of late -- and rise on Monday.

But U.S. retail sales and industrial production rise. Retail sales make seventh straight gain. Department stores have mixed quarterly results.

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