Stock Market Recap: Playboy Falls Steeply and Fannie Mae makes Gains Despite Loss

Stocks ended in the green today across the board, with the DJIA closing up .58% at +51.29, the S&P500 gaining .92% to close at +19.19 and the NASDAQ rising .93% to +10.77.

Playboy Enterprises ( PLA | Quote | Chart | News | PowerRating) got squeezed on lower than expected earnings; falling 10% to 7.44.Â This is the publishing and entertainment giant's largest loss since 2006.

Fannie Mae ( FNM | Quote | Chart | News | PowerRating) rocketed up despite a wider than expected loss, but maintained a AAA credit rating by Moody's.Â Shares gained 2.710 or 9.57% after weathering nearly a 52% loss in 2008.

UBS ( UBS | Quote | Chart | News | PowerRating) cuts 5500 jobs after losing an astronomical 17.3 billion in the first quarter.Â The stock dropped 1.59 or 4.3% on the news.

Oil rose to a another record close of 122.73/barrel on Nigerian and Iraqi threats to supply.

Market Snapshot

Dow

+51.29

13,020.83

NASDAQ

+19.19

2,483.31

S&P 500

+10.77

1,418.26

Economic
News

ISM Services (Apr): Actual 52.0, Consensus 49.1

Productivity Prel (Q1): Consensus 49.1%, Prior 49.6%

Pending Home Sales (Mar): Consensus -1.0%, Prior -1.9%

Crude Inventories (05/03): Consensus N/A, Prior 3848K

Consumer Credit (Mar): Consensus 6.0B, Prior 5.2B

Initial Claims (05/03): Consensus 375K, Prior 380K

Wholesale Inventories (Mar): Consensus 0.5%, Prior 1.1%

Trade Balance (Mar): Consensus -$61.3B, Prior -$62.3B

Name	Symbol	PR
Air Transport Services	ATSG	10
Benchmark Electronics	BHE	10
Caribou Coffee Company Inc	CBOU	10
Cepheid	CPHD	10
Commercial Vehicle Group Inc	CVGI	10
Dana Holding Corporation	DAN	10
Fushi Copperweld, Inc.	FSIN	10
Gtx	GTXI	10
Ista Pharmaceuticals Inc	ISTA	10
iShares Dow Jones Transportation Average Index Fund	IYT	10

1.	Greek Protests, End of Week Profit-Taking Send US Stocks Lower
2.	Will Greek Debt Deal Keep Stocks Sailing?
3.	Market Pauses as Greek Debt Deal Misses Deadline
4.	With Bulls in Control, Market Rallies to Overbought Extremes
5.	Positive Economic News Keeps Stocks Aloft
6.	Market Reality Check Follows Strong January
7.	Stocks Trade Down with Europe, Up with the Nasdaq
8.	Europe Back on the Agenda
9.	One Prospective RIA's Journey
10.	The "Buy First and Ask Questions Later" Rally

Stock Market Recap: Playboy Falls Steeply and Fannie Mae makes Gains Despite Loss

Swing trading, day trading, and ETF trading using quantified trading strategies and systems.