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Friday, May 10
Market recap: An afternoon move higher pushed the S&P 500 +0.4% on the session to a new...
Market recap: An afternoon move higher pushed the S&P 500 +0.4% on the session to a new record close of 1,633. For the week the index gained 1.2%. The Nasdaq rose 0.8% on the day and 1.7% for the week. Tesla tacked on another 10% to yesterday's big move, and Molycorp shot 32% higher after an earnings beat and positive CC. Gold tumbled as much as $50/ounce before recovering to close just 1.5% lower. The devaluation of the yen continues, with dollar/yen - until about 24 hours ago unable to punch through ¥100 - rising all the way to ¥101.53.