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5/18/2010 News

EUR Rebounds Hard, Stocks Come Back

As the EUR gained solid ground against the U.S. Dollar, despite widespread European financial woes, the U.S. stock market saw a nice recovery.

Although there were losses early on, the stock market finished well on Monday, with the Dow Jones (INDU) adding 6 points (0.1%), the S%P 500 rising one point, or 0.1% and the Nasdaq (COMP) rising 7 points, or 0.3%.

Europe's financial situation is continuing & will likely continue to have a significant affect on U.S. markets.