Daily Market Commentary for May 10, 2011

Headlines today swirled around the deep pockets of Microsoft making
an all cash offer for Skype - the Internet video-phone-service provider - to the tune of $8.5 Billion! (read more at Millennium-Traders.Com)
http://www.millennium-traders.com/news/newscommentary.aspx

Economic data released today:

Import Price Index: U.S. April Petroleum Import Prices +7.2%; U.S. April Non-Petroleum Import Prices +0.6%; U.S. April Import Prices +2.2%; Consensus +1.7%

IBD/TIPP Economic Optimism: U.S. May IBD/TIPP Economic Optimism Index 42.8 Vs 40.8 In April; U.S. May IBD/TIPP 6-Month Economic Outlook 42.3

Wholesale Inventories: U.S. March Wholesale Inventories +1.1%; Expected +1.0%


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