Dow plummets 350 points as oil surges to record $139.01 a barrel and dollar sinks.

Despite the expectations of post-correction market rally the weaker unemployment report of 49,000 job loss and 5.5 unemployment rate the U.S stock markets point to lower and weaker open this morning comments Alfred E. Goldman, Chief Market Strategist at Wachovia Securities.

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) has appointed Steve Matthews as Chief Legal & Compliance Officer of its Pan-European Market initiative, a high-volume trading platform which will link multiple trading pools across Europe. Mr. Matthews will oversee all legal and compliance work, as well as surveillance functions for the Pan-European Market. NASDAQ OMX announced its Pan-European Market in March and plans to launch in September, pending FSA approval.

At the end of the settlement date of May 15, 2008, short interest in 2,641 NASDAQ Global Market(sm) securities totaled 9,500,539,527 shares compared with 9,427,457,178 shares in 2,653 Global Market issues reported for the prior settlement date of April 30, 2008. The mid-May short interest represents 4.53 days average daily NASDAQ Global Market share volume for the reporting period, compared with 4.86 days for the prior reporting period.

The Dow and Nasdaq were near their highs for the day at midsession after a market-friendly report on economic growth and a big drop in oil prices. Crude oil spiked after a report of a big drawdown in inventories in the latest week. However, the Energy Department said the drop was caused by "temporary delays" in unloading tankers. Crude oil then tumbled over $3 a barrel in New York.

U..S. stock futures are trading mildly lower heading into the open, indicative of a potentially negative start to the regular session. In overseas trading, Asian markets took a cue from Wall Street, reversing yesterday's losses, while European markets were lifted by mining issue Rio Tinto. In focus this morning are a retail earnings trifecta – featuring Sears Holdings, Big Lots, and Costco Wholesale – and General Motors' plans to cut costs.

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced consolidated market performance statistics for its U.S. and Nordic exchanges for the month of April 2008.

PrimeNewswire, the news distribution subsidiary of The NASDAQ OMX Group, Inc., has announced a channel relationship with CSRwire -- The Corporate Social Responsibility Newswire. The relationship enhances PrimeNewswire clients' reach toward media and investors who concentrate on Corporate Social Responsibility (CSR) activities.

CA, Inc. (Nasdaq:CA) of Islandia, New York, will become a component of the NASDAQ-100 Index (Nasdaq:IXNDX), the NASDAQ-100 Equal Weighted Index (Nasdaq:NDXE), and the NASDAQ-100 Technology Sector Index (Nasdaq:NDXT) prior to market open on Monday, May 19, 2008. CA, Inc. will replace Tellabs, Inc. (Nasdaq:TLAB).

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the appointment of Charlotte Crosswell as President of its NASDAQ OMX Pan European Market, a high-volume trading platform which will link multiple trading pools across Europe. Ms. Crosswell will be based in London and responsible for the operations and strategic development of the Pan European Market. She will report to Chris Concannon, Executive Vice President, Transaction Services, NASDAQ OMX.

Smart rally in capital goods, banks and realty counters helped the Indian benchmark Sensex to extend its overnight gains by 224 points at 10:30 hours.

The NASDAQ OMX Group (Nasdaq:NDAQ) reported first quarter 2008 net income of $121.4 million, or $0.69 per diluted share, an increase of $103.1 million from $18.3 million, or $0.14 per diluted share, in the first quarter of 2007.