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Wednesday, May 19, 2010

Market Focus 5/19/2010

Stock Market Closing Prices – 5/19/10

Dow ( DJIA ) Close - 10444.37 -66.58
Nasdaq Stock Close – 2298.37 -18.89
S&P 500 Close – 1115.05 -5.75

Commodities Closing Prices – 5/19/10

Gold Close - 1192.60 +0.00
Oil Close – 70.43 +0.53
Natural Gas – 4.23


Stocks stumble after investors look past rising euro to unanswered questions about Europe debt. The Dow finished 67 points lower .

Crude oil moves higher,Crude oil rose 46 cents to $69.87 per barrel. Gold fell.

Tech stocks were weak, Chip stocks, however, were higher.

Target (TGT) reported Wednesday that its quarterly profit rose 28% to $671 million from a year ago.

The Federal Reserve offered a little cheer to investors. The Fed raised its forecast for 2010 growth to 3.5% from 3.2%.

Futures trading suggests U.S. stocks will open higher on Thursday.

Stock Market May 20, 2010

Oil Inventories - 10:30am EST

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