{"id":579904,"date":"2010-05-26T16:00:00","date_gmt":"2010-05-26T20:00:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/closing-bell-may-26-2010-5"},"modified":"2010-05-26T16:00:00","modified_gmt":"2010-05-26T20:00:00","slug":"markets-tank-in-final-moments-of-the-day-heres-what-you-need-to-know-bp-uso-gld-spy","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/579904","title":{"rendered":"Markets TANK In Final Moments Of The Day: Here&#8217;s What You Need To Know (BP, USO, GLD, SPY)"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4bfd7a6a7f8b9a4d6c7f0200-299-225\/kickboxing-women-headbutt-punching-ring.jpg\" border=\"0\" alt=\"kickboxing women headbutt punching ring\" width=\"299\" height=\"225\" \/><\/p>\n<p>After surging by as much as 2% at one point, markets collapsed in the final moments of the day, a session that will prove very dispiriting for the bulls.<\/p>\n<p>But first, the scoreboard:<\/p>\n<p>Dow: -70 (below 10,000!)<br \/>S&amp;P 500: -6.2<br \/>NASDAQ: -15.07<\/p>\n<p>And now, the key stories.<\/p>\n<ul>\n<li>Once again, the see-saw market is the story of the day. Stocks were up very big early, following a good overnight session, and then collapsed in the final hour. <strong>The whole day felt like yesterday, but in reverse<\/strong>. Bulls who were hoping that a rising market would become the new norm on days with little news will be sorely disappointed. <a href=\"http:\/\/www.businessinsider.com\/david-rosenberg-heres-ten-us-leading-indicators-that-are-rolling-over-2010-5#1-the-ecri-weekly-leading-index-growth-rate-peaked-on-october-9-2009-at-2854-now-at-90-1\">See 10 key economic indicators that are already rolling over here &gt;<\/a><\/li>\n<\/ul>\n<ul>\n<li><strong>Once again, Europe had to go and spoil the party<\/strong>. First, there was a report that <a href=\"http:\/\/www.businessinsider.com\/first-bailout-glitches-appears-as-greece-is-already-trying-to-renegoatiate-bailout-terms-2010-5\">Greece is already trying to renegotiate its big bailout<\/a> (specifically, that it&#8217;s trying to get out of promised pension cuts), and second there was a report that <a href=\"http:\/\/www.businessinsider.com\/two-reasons-why-the-euro-is-getting-hammered-again-2010-5\">China<\/a> has put its holdings of Eurozone bonds on review. <a href=\"http:\/\/www.businessinsider.com\/who-got-saved-by-the-euro-bailout-2010-5#french-banks-represent-over-25-of-claims-thats-why-the-cac-40-is-up-9-1\">See everyone who would be saved by the Euro bailout here &gt;<\/a><\/li>\n<\/ul>\n<ul>\n<li><strong>BP&#8217;s &#8220;Top Kill&#8221; <a href=\"http:\/\/www.businessinsider.com\/watch-operation-top-kill-live-here-now-2010-5\">began at 2:00 PM ET<\/a><\/strong>, though we won&#8217;t know for awhile whether the attempt to fill the leaking well with mud will work. It could take anywhere from 10 hours to two days to see results.<\/li>\n<\/ul>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/new-home-sales-2010-5\"><strong>New home sales came in well above expectations<\/strong><\/a>, providing a nice lift homebuilders early on, but the number is still influenced by the homebuyer tax credit. The next wave of housing data will provide a nice look at post-hangover information.<\/li>\n<\/ul>\n<ul>\n<li>Commodities painted a mixed picture. Gold moved higher, showing it was not falling victim to a flight to liquidity. Oil was up nicely, as well, while, copper and palladium were both down.<\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.businessinsider.com\/closing-bell-may-26-2010-5#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/9urtHXjb3BQ\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After surging by as much as 2% at one point, markets collapsed in the final moments of the day, a session that will prove very dispiriting for the bulls. But first, the scoreboard: Dow: -70 (below 10,000!)S&amp;P 500: -6.2NASDAQ: -15.07 And now, the key stories. Once again, the see-saw market is the story of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-579904","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/579904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=579904"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/579904\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=579904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=579904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=579904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}