Chris on the Close 5.10.2012

Europe had strong gains in the finance realm with National bank of Greece and Banco Santander both up over 5%, and Deutsche Bank and Barclays also incrementally up.  The Networking and communication industry took a hit today down almost 10%, riding Cisco all the way, they finished down over 10.5%. ADY overtook Startek and finished with the highest percent gain up almost 49% to 8.71. Tesla motors had a big day with shares up over 11% overcoming a first quarter drop in revenue and profit with news that it’s electric Model S will be delivered in June, a month ahead of schedule.  InfoSpace(INSP) was another heavy hitter up 24% after better than expected first quarter results. A first positive look at the deficit was presented today in the treasury budget report. The treasury had a surplus of 59.1b in April, the first monthly surplus in over 3 ½ years. This stomps the deficit down to 719.9b remarkably lower than the 869.8b a year ago.