Market Focus 5/17/2010

Stock Market Closing Prices – 5/17/10

Dow ( DJIA ) Close - 10625.83 +5.67
Nasdaq Stock Close – 2354.23 +7.38
S&P 500 Close – 1136.94 +1.26

Commodities Closing Prices – 5/17/10

Gold Close - 1210.00 +10.90
Oil Close – 70.68 +0.60
Natural Gas – 4.40

The Dow erased its 184-point loss and added 6 points after the euro rebounded from a four-year low and gained ground against the dollar.

Oil traded below $70 a barrel for the first time since February but finished above that psychological benchmark. Crude fell $1.45 to $70.16 per barrel.

GM posts its first profit since 2007, earning $865 million .

Lowe's(LOW) offered a cautious forecast, Lowe's closed down 3.1% to $25.26. But rival Home Depot shares were up 1.1% to $35.59.

Stock Market May 18, 2010

Building Permkits - 8:30am EST
PPI - 8:30am EST

Home Depot scheduled to report quarterly results. Before market open.
Wal-Mart to release quarterly results. Before market open.