Tuesday, May 10, 2011

Stocks Finish Higher on Commodities Rebound

Stocks rebounded and finished firmly in positive territory Monday as a recovery in commodities prices offset uncertainty about Greece's severe debt load.

In commodity markets, the June crude oil contract gained $5.37 to close at $102.55 a barrel. Gold for June delivery was up $11.60 at $1,503.20 an ounce. The July silver contract added $1.83 to settle at $37.12 an ounce.
"Either silver was a raging buy below $35 on Friday, or Mr. Market's got lots more pain lined up for silver investors buying back in at $38 this morning," said Adrian Ash, head of research at BullionVault.com.

Dow Jones Industrial Average

 (DJI: ^DJI )
Index Value:12,684.68
Trade Time:4:02PM EDT
Change:Up 45.94 (0.36%)
Prev Close:12,638.74
Day's Range:12,620.20 -12,722.07
52wk Range:9,596.04 -12,928.50

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