Stock Market Update -May 18th

The market moved higher last week, putting us back above the 1400 level on the S&P 500. If it continues the uptrend, we will finally be in positive territory for the year. I'm still cautious though with $127 Oil, inflation still looming out there, and the consumer pulling back on spending.


Next week we get earnings from HP, Target, Home Depot and Lowe's.

News stories:

U.S. Consumer Sentiment Decreases to 28-Year Low
U.S. industrial output plunged in April
The dollar's short-lived comeback
Dollar's decline finally may have ended
Housing starts surge on condo construction
US foreclosure filings surge 65 percent in April
Credit Problems Spreading Beyond Mortgages: FDIC
Saudi Arabia rebuffs Bush on oil production

Other stories:
China quake toll about 30,000; new aftershock is felt
Microsoft should nuke Vista instead of Windows XP
Stocks and Indexes mentioned in this blog are for educational and illustration purposes only.