Wednesday, May 5, 2010

Equity Markets Lower On Europe Debt Worries, ISM Non-Manufacturing Index Unchanged,

The ISM Non-Manufacturing Index was unchanged in April from March at the 55.4 level, but was slightly below the forecast level of 56.0. This was the fourth month above the 50.0 level that separates expansion from contraction.

The Dow Jones Industrial Average decreased 60 points (0.5%) to close at 10,867, the S&P 500 Index fell 8 points (0.7%) to 1,166, and the Nasdaq Composite lost 22 points (0.9%) to 2,402. Crude oil fell $3.02 to $79.72 per barrel, and the Bloomberg gold spot price gained $4.70 to $1,175.97 per ounce.

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