Tuesday, May 11, 2010

US Market Brief: May 11, 2010

On Tuesday stocks ended mixed. Stocks could not retain its mid-session gains. Earlier in the mid session, US Investors derived some confidence from strong finish in Europe. However, that did not last till close.

Dow closed at 10,768, down 36 points, 0.3%, closed below 50-day moving average line and volume was lower than yesterday.

S&P closed at 1155, down 4 points, 0.3% and closed just below its 50-day moving average line and volume was lower.

NASDAQ closed at 2374, up less than 1 point, and below its 50-day moving average. And volume was slightly higher.

June gold settled at a closing price of $1,220.30 an ounce, up $19.50. But in after-hours trading, the contract advanced to $1235.20.

Crude oil was at $75.81, -0.56 points.

Market is still in a downtrend.

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