Market Wrap: EC Boosts Euro-Area GDP Outlook; Tesla Ramps on Upgrade; Crude Closes Back Over $60/bbl - InvestingChannel

Market Wrap: EC Boosts Euro-Area GDP Outlook; Tesla Ramps on Upgrade; Crude Closes Back Over $60/bbl

Market wrap for May 5th

End of the Day: S&P 500 down 25.0 to 2,089.46; Dow Jones down 142.2 to 17,928.20; Nasdaq down 77.6 to 4,939.33

Market Brief: Markets saw some slight pullback following two sessions of gains.

Chatter has Microsoft taking a hard look at salesforce, following rumors that a different company was looking at the CRM leader last week.

Disney issued strong Q2 results, though shares ended slightly lower for the session.

The European Commission became more favorable on macro trends and boosted its euro-area GDP growth outlook for 2015.

Crude futures rose 2.5 percent to end at $60.40 per