Market Focus 5/6/2010

Stock Market Closing Prices – 5/6/10

Dow ( DJIA ) Close - 10520.32 -347.80
Nasdaq Stock Close – 2319.64 -82.65
S&P 500 Close – 1128.15 -37.72

Commodities Closing Prices – 5/6/10

Gold Close - 1205.00 +8.10
Oil Close – 76.94 -0.17
Natural Gas – 3.91


Stocks take record tumble, the Dow plunged almost 1,000 points Thursday before recovering to close down 348, as erroneous trading in Procter & Gamble and several other stocks sparked a massive selloff.

The selling was a result of technical glitches that caused some stocks, including Dow component Procter & Gamble (PG), to plunge 37% to $39.37 per share from the close of $62.12 Wednesday.

Crude oil dropped to $77.11, down 3.6% on the day.

The market is still weak thought the market came back from the lows of the day. But the fact remains today was a terrible day for stocks. It now looks like the U.S. market has really entered a major pullback that may not bottom until there's real stability in European financial markets.


Stock Market May 7, 2010

U.S. employment report for April. 8:30 a.m.
U.S. consumer credit for March. 10 a.m.