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Stat of the Day: In Back to Back Sessions Dow Gives up 100 + Point Gain

After seven trading sessions of triple digit losses for the Dow Jones Industrial Average since a high of 13,170 on May 19, the major U.S. financial benchmark was looking for its second triple digit gain in about a month’s time, yet it was denied that honor yesterday, closing up just slightly after trading into positive territory by more than 150 points. With an hour to go until the close, today has seen much more of the same action with the Dow early on rising by 165 points before falling back. The give and take in back to back sessions is frustrating, especially for the bulls as the Dow is ever so close to its early March and January lows. It’s also discouraging because there has been a reason to rally from the lows – yesterday brought news of May retail sales that increased 1%, the largest jump since November, and today’s news that the Consumer Price Index rose moderately, was in-line with expectations.

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• June 11, 2008 -- Stat of the Day: Dow Jones Off 1,000 Points Since May 19

It's that time of year again. CNBC's Million Dollar Portfolio Challenge will be getting underway on Monday, May 12. The tournament is similar in fashion to last year; each contestant receives 1 million CNBC Bucks and can trade stocks with a minimum market cap of $500 million. In addition to 10 pretty cool weekly prizes, there is a grand prize of $500,000 to the lucky contestant who finishes with the highest portfolio return. The only twist to the tournament is that currency trading is now allowed.

We'll be doing a number of things this time around to help with your trading success and so you can have better shot at winning the tournament. Follow the links below to learn more, and good luck!