Sunday, May 31, 2009

Weekly Market Update 05/30/09 - Free Stock Market Analysis

Here is the latest trading and free market analysis video on the S&P500 (SPX), SPY, QQQQ, DIA, GLD ETFs and more...

5/29/09 16:30 ET Dow +96.53 at 8500.33, Nasdaq +22.54 at 1774.33, S&P +12.31 at 919.14: [BRIEFING.COM] The S&P 500 spent nearly the entire session gyrating within a nine point range amid light trading volume, but managed to close at session highs following a late flurry of buying and a spike in trading volume.

In what was May's final trading session, more than 1.8 billion shares traded hands on the NYSE, the most in more than one month.

Financial stocks were integral to the late move. After being a source of weakness for most of the session, financial stocks rallied from a loss in excess of 1% to finish with a 1.7% gain in the final hour.

While financial stocks made a strong finish, materials stocks spent the entire session trading with enviable gains. The sector closed 3.0% higher, propped up by diversified metals and mining companies (+4.2%), steel stocks (+3.3%), and gold stocks (+3.2%). More... see 05/29/09 post.

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