Market Focus 5/20/2010

Stock Market Closing Prices – 5/20/10

Dow ( DJIA ) Close - 10068.01 -376.36
Nasdaq Stock Close - 2204.01 -94.36
S&P 500 Close – 1071.59 -43.46

Commodities Closing Prices – 5/20/10

Gold Close - 1182.40 -5.40
Oil Close – 68.01 +0.00
Natural Gas – 4.10


With today's sell-off, the U.S. market is now in a correction, with the Dow, the S&P500 and the Nasdaq all down more than 10% since their April highs.

Crude oil for June delivery hit a low of $64.24 a barrel but rebounded to a close of $68.91. That was still down $1.86 from Wednesday.

As the selling progressed, the major indexes fell below their 200-day moving levels, which are important support levels. Futures trading suggests a lower open for stocks on Friday.

The Senate on Thursday passed the most sweeping regulatory overhaul of the financial system since the New Deal.


Stock Market May 21, 2010

AnnTaylor Stores to release quarterly results. Before market open.