Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, May 17, 2010

Monday

This afternoon, stocks rebounded from a deep drop as investors' attention shifted back to the U.S. economy and away from potential pitfalls in Europe and China. The U.S. market's moves largely resembled those of the euro, which has been hurt in recent days by fears that a $1 trillion bailout of the European Union's most heavily indebted members may not work as fast as hoped - if at all. Since the euro has dropped for the past four days, bargain hunters grabbed the battered currency, causing it to rise against the dollar today. DJIA +5.67 Nasdaq +7.38 S&P 500 +1.26.