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Tuesday, May 25, 2010

Market Summary 5/25/2010

Stock Market Closing Prices – 5/25/10

Dow ( DJIA ) Close - 10043.75 -22.82
Nasdaq Stock Close – 2210.95 -2.60
S&P 500 Close – 1074.03 +0.38

Commodities Closing Prices – 5/25/10

Gold Close - 1197.80 +0.00
Oil Close – 69.50 +0.75
Natural Gas – 4.08

Stocks erased most losses by the close Tuesday, with the Dow ending down just 22 points after having fallen close to 300 points earlier in the session, as worries about the global economy were tempered.

At the same time, financial stocks recovered after Rep. Barney Frank, D-Mass., said a provision to force banks to spin off their derivatives businesses "goes too far."

Home prices drop in April but are up over a year ago.

Crude oil falls.U.S. light crude oil for July delivery fell $1.46 to settle at $68.75 a barrel.
If futures trading late today is correct, stocks should open higher on Wednesday.

Stock Market May 26, 2010

Durable Goods - 8:30am EST
New Homes Sales - 10am EST
Crude Oil Inventories - 10:30am EST

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