Market Focus 5/10/2010

Stock Market Closing Prices – 5/10/10

Dow ( DJIA ) Close - 10785.14 +404.71
Nasdaq Stock Close – 2374.67 +109.03
S&P 500 Close – 1159.73 +48.85

Commodities Closing Prices – 5/10/10

Gold Close - 1210.00 +10.90
Oil Close – 75.11 -1.70
Natural Gas – 4.18

Stocks jumped in a global recovery after European leaders agree to a $955 billion bailout package to prevent the debt crisis from spreading.

The Dow shot up more than 400 points, or nearly 4%, while the S&P 500 and Nasdaq were each trading more than 4% higher.

Oil jumps higher. Crude oil up $1.69 to $76.80 a barrel as the dollar dropped against the euro.

McDonald reported better-than-expected results.

Obviously, the big question Tuesday is whether the market can continue its move higher after today's big rally.

Stock Market May 11, 2010

Wholesale Inventories - 10am EST
OPEC monthly oil supply demand report. 8 a.m.
Energy Information Administration monthly oil supply, demand report. Noon.

Walt Disney is set to announce quarterly results. After market close.