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Market Wrap for Friday, May 10: Stocks Gain on Late Day Rally

It was another quiet day on Wall Street, but an afternoon rally pushed the U.S. stock market firmly into positive territory by the closing bell.The leader on the day was the Nasdaq Composite while the Dow Jones Industrial Average only recorded a small gain. The U.S. dollar was also stronger on Friday, while the euro fell.The week was short on economic data and investors continued to focus on corporate earnings releases. Near the close on Friday, the S&P 500 had gained almost 14.50 percent in 2013.Major AveragesThe Dow Jones Industrial Average rose 36 points, or 0.24 percent, to 15,118.The S&P 500 added 7 points, or 0.43 percent, to 1,634.The Nasdaq climbed 27 points, or 0.80 percent, to 3,437.CommoditiesCrude oil was trading lower late on Friday. At last check, NYMEX crude futures had lost 0.58 percent to $95.83. Brent contracts had lost 0.72 percent and were last trading at $103.72. Natural gas fell a little less than 2 percent to $3.91.Precious metals also declined on Friday. COMEX g...

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  1. Basic Materials Sector Wrap

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  2. Molycorp Shares Rally a Second Day

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  3. Basic Materials Sector Wrap

    On a trading day that saw the S&P 500 gain 0.1%, the Basic Materials sector (XLB) showed little change.As a proxy for the sector, the ETF tracked closer to the overa...

  4. Facebook Inc. - Class A, Molycorp Among Stocks falling to Annual Lows Friday

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  5. Marvell Technology Group, Ares Capital Corporation Among Stocks Down on High Volume Friday

    These stocks are down on high volume today:Trading at a volume of 30.7 million, or 3.1 times its average daily volume, Marvell Technology Group (NASDAQ:MRVL) is down...

  6. Molycorp , Marvell Technology Group Among Stocks Gapping Down Friday

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  7. Basic Materials Sector Wrap

    On a trading day that saw the S&P 500 gain 0.7%, the Basic Materials sector (XLB) showed little change.The ETF, as a proxy for the sector, tracked farther from the o...

  8. Molycorp , Navarre Corporation Among Stocks falling to Annual Lows Thursday

    Here are the three most popular stocks that hit 52-week lows:While trading on above-average volume, Molycorp (NYSE:MCP) slid today, hitting and then dropping past it...

  9. Knight Capital Trading Glitches Strike Wall Street

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  10. Basic Materials Sector Wrap

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  11. Molycorp , Jabil Circuit Included in Stocks Up on High Volume Wednesday

    These stocks are up on high volume today:Trading with a volume of 6.1 million, or 2.4 times its average daily volume, Molycorp (NYSE:MCP) is up on high volume today....

  12. Basic Materials Sector Wrap

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  1. Market Wrap for Friday, January 25: Dow and S&P Climb Towards Old Highs

    The U.S. stock market continued to climb amid low volatility conditions on Friday. Investors remain focused on quarterly earnings reports with a wide number of stock...

  2. Market Wrap for Thursday, January 24: Major Averages End Mixed as Apple Drags Down Nasdaq

    Stocks were mixed on Thursday as a disappointing earnings report from Apple (NASDAQ:AAPL) dragged the Nasdaq down while the Dow gained.With earnings season in high g...

  3. Molycorp Unveils Plan to Raise at Least $300 Million

    Molycorp Inc. (MCP) unveiled a plan to raise at least $300 million to help fund capital needs for 2013, the second round of capital raising the rare-earth mining com...

  4. Market Wrap for Thursday, January 10: Stocks Jump Along With Euro

    The U.S. stock market grinded higher on Thursday afternoon after a morning sell-off. Stocks added to their gains heading into the closing bell and finished the day n...

  5. Molycorp Shares Tumble 22% On Weaker Outlook

    Shares of rare earths producer Molycorp Inc. fell as much as 22% at the open Thursday after the company warned it expects lower cash flow and revenue in 2013 than ea...

  6. Molycorp CEO Leaves Company; Firm Seeks Successor

    Molycorp Inc. (MCP) said that President and Chief Executive Mark A. Smith has left the company and the rare-earth mining company has named Director Constantine Karay...

  7. Basic Materials Sector Wrap

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