Market Focus 5/5/2010

Stock Market Closing Prices – 5/5/10

Dow ( DJIA ) Close - 10868.12 -58.65
Nasdaq Stock Close – 2402.29 -21.96
S&P 500 Close – 1165.87 -7.73

Commodities Closing Prices – 5/5/10

Gold Close - 1174.60 +0.00
Oil Close – 80.11 +0.14
Natural Gas – 3.98


Dow drops 59 points on European worries.

The stronger dollar cut into crude-oil prices, which fell below $80 a barrel. Gold futures edged up.

New reports confirm U.S. recovery. A report from Automatic Data Processing showed private-sector employers added 32,000 jobs in April, more than the 20,000 expected by economists surveyed by Dow Jones Newswires. On Friday, the government will release its key monthly jobs report for April. Economists expect the unemployment rate to stick at 9.7%, where it was in March.

CBS results disappoint. Shares of CBS were down 3% after first-quarter results missed analyst estimates.

The fear is alive, weakness crosss the market !

Stock Market May 6, 2010

Initial Jobless Claims - 8:30am EST
Major retailers to report same-store sales for April.