In today’s economic report, data showed consumers are more upbeat than they have been since the most recent recession. The Reuters/University of Michigan’s sentiment index rose more than expected at the end of May from earlier this month. Crude oil prices increased above $91 a barrel, a gain of 0.4%, while gold rose 0.5% to $1,565.
Facebook (FB) continues to drop after its highly publicized IPO and has once again, lost almost 3% and is now trading at $31.85, well belows its initial-public-offering price of $38. VeriFone (PAY) has slumped after lowering their third quarter estimates amid acquisition and restructuring costs and is currently trading at $37.83.