US stock indexes get smacked down for the second straight day as the Federal Reserve suggests no further rate cuts and oil surged to a new all time high on supply report. The DJIA tumbled -227.49 to 12,601.19, the S&P 500 fell -22.69 to 1,390.71 and the NASDAQ dropped another -43.99 to 2,448.27.
UAL Corp (UAUA | Quote | Chart | News | PowerRating) - United Airlines collapsed nearly 30% or $3.30/share to $8.26 after Soleil Securities put out a sell recommendation.
Intuit Inc. (INTU | Quote | Chart | News | PowerRating) added 3.60% or .98 cents/share to $28.22 due to increased profits and demand for Turbo Tax software.
Red Robin Burgers (RRGB | Quote | Chart | News | PowerRating) lost 9.02% or $3.49/share to $35.23 after posting first quarter profits that did not meet analysts' expectations.
National Fuel Gas (NFG | Quote | Chart | News | PowerRating) - Climbed 5.53% or $3.25/share after UBS upgraded it to a buy from neutral due to its Marcellus Shale project.
The dollar declined to $1.5787 against the Euro, Oil hit another all time high to $133.62 on a negative supply report, and the VIX spiked another 6.09% to 18.65 on the day.
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Leading Indicators (Apr): Actual 0.1%, Consensus 0.0%
Core PPI (Apr): Consensus 0.2%, Prior 0.2%
PPI (Apr): Consensus 0.4%, Prior 1.1%
Crude Inventories (Apr): Consensus NA, Prior 176K
Retail Sales ex-auto (Apr): Consensus 0.2%, Prior 0.1%
Initial Claims (05/17): Consensus 372K, Prior 371K
Existing Home Sales (Apr): Consensus 4.85M, Prior 4.93M
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