Stocks rallied today on very light volume as the falling dollar was the catalyst today. With the lower dollar, investors saw gold prices climb above $1530 per ounce and oil passing $100 per barrel. Investors shrugged off lower-than-expected economic data, sending the Dow, S&P 500 and the Nasdaq higher.
The big story today was Medco Health Solutions (MHS). The stock slumped more than 10% after losing a $3 billion contract to provide pharmacy services to federal employees. On the other end of the news was CVS Caremark (NYSE:CVS), who said it will take over the contract.
Marvell Technology Group (NASDAQ:MRVL) jumped over 10% today after forecasting a better-than-expected second quarter as its wireless chip business continues to perform well.
And this mornings Sterne Agee upgraded shares of Anadarko Petroleum (NYSE:APC) from neutral to buy as higher oil prices should boost earnings. The firm set a price target of $97 per share and raised its EPS estimates. APC was higher by 0.5% today.
The markets will be closed on Monday for Memorial Day. Have a good weekend and check back in on Tuesday for more financial news.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
The best money I have EVER spent, is for membership. 
Launch related slideshow:
Wednesday 6/19 Insider Buying Report: BXP, SRPT
Wednesday 6/19 Insider Buying Report: MVC
Tuesday 6/18 Insider Buying Report: CTSH
Daily Wrap: June 19, 2013
Subscription Revenue Climbs at Adobe
Earnings Slump at FedEx in Fiscal Q4
New Analyst Coverage: ING, KO, SPN
Analyst Moves: AIG, ADBE, BLL
Analyst Moves: BBRY, CLF, AEO
Wednesday Sector Leaders: Real Estate, Oil & Gas Refining & Marketing Stocks
Wednesday Sector Laggards: Waste Management, General Contractors & Builders
Tuesday Sector Leaders: Agriculture & Farm Products, Entertainment
Wednesday's ETF with Unusual Volume: IWC
FXI, FPA: Big ETF Outflows
XLE, IPD: Big ETF Inflows
Daily Dividend Report: LLL, MA, BXP, EPR, CWCO
Mortgage REIT Dividend Report: HTS, NYMT, AGNC, MTGE
Daily Dividend Report: FITB, IVR, AMTG, SUI, USB
Jobless Claims Fall to New Five Year Low
US Employers Add 175k in May
Jobless Claims Fall By 11,000
Weekly Market Wrap: June 14, 2013
Weekly Market Wrap: June 7, 2013
Weekly Market Wrap: May 31, 2013
Week Ahead Market Report: June 17, 2013
Week Ahead Market Report: June 10, 2013
Week Ahead Market Report: June 3, 2013