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Friday, May 21, 2010

Market Focus 5/21/2010

Stock Market Closing Prices – 5/21/10

Dow ( DJIA ) Close - 10193.39 +125.38
Nasdaq Stock Close – 2229.04 +25.03
S&P 500 Close – 1087.69 +16.10

Commodities Closing Prices – 5/21/10

Gold Close - 1175.70 -12.10
Oil Close – 70.05 -0.75
Natural Gas – 4.04

Stocks ended higher Friday, The Dow rose 125 points or 1.3%, after having fallen as much as 150 points earlier in the session.

Short-sellers may have set off the late buying as they booked profits. The euro rises after the German parliament approves a nearly $1 trillion bailout package. Dell results don't impress.

Financial shares rose after the Senate passed long-awaited financial reform legislation, removing a significant overhang for U.S. banks.

Crude oil for July delivery fell 76 cents to settle at $70.04 a barrel

The big question is whether the volatility is over.

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