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Daily Report for Fri, May 16, 2008

Posted on May 16, 2008

Markets Re-capStock prices moved broadly higher in the US with a modest downturn in oil prices despite negative labor and production reports. Technology (XLK +1.9%), Energy (XLE +1.3%) and Basic Materials (XLB +1.1%) as the DJIA (+94.28+0.52% to 12898.38), S&P 500 (+14.91 +0.40% to 1408.66), and NASDAQ Composite (+37.03 +0.06% to 2496.7) closed the session strongly. ...

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markets , oil , sp