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Daily Market Wrap: March 6, 2012
Tuesday, March 6, 5:13 PM ET

Stocks fell sharply on Tuesday in the single largest decline for 2012 due to data that rekindled concerns about global growth, while a deadline loomed for private holders of Greek debt to agree to taking substantial losses.

Gold was also down around 2% in and hovering near a 6-month low.

In corporate news, Merck (NYSE:MRK) forecast that first-quarter profit would be below Wall Street estimatse and said foreign currency exchange would negatively impact revenue.

Dick's Sporting Goods (NYSE:DKS) forecast first-quarter profit above analyst estimates, as online sales and tight inventory management will drive growth.

Standard Motor Products (NYSE:SMP) shares were sharply lower after the company reported disappointing fourth quarter results and issued first-quarter outlook that was tepid.

For MarketNewsVideo.com, I'm Tracey Fitzpatrick.

Daily Market Wrap: March 6, 2012 picture
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Wednesday 7/26 Insider Buying Report: ELS, HOMBWednesday 7/26 Insider Buying Report: ELS, HOMB
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Tuesday 7/25 Insider Buying Report: CSX, RLITuesday 7/25 Insider Buying Report: CSX, RLI
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Nasdaq 100 Movers: AAL, SIRINasdaq 100 Movers: AAL, SIRI
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Dow Movers: UTX, VZDow Movers: UTX, VZ
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Related symbols: HAL
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Related symbols: BPI,CHGG,SAVE,HUBG
Thursday Sector Leaders: Apparel Stores, Home Furnishings & Improvement StocksThursday Sector Leaders: Apparel Stores, Home Furnishings & Improvement Stocks
Related symbols: DXLG,BOOT,TPX,ETH
Wednesday Sector Laggards: Hospital & Medical Practitioners, Rubber & PlasticsWednesday Sector Laggards: Hospital & Medical Practitioners, Rubber & Plastics
Related symbols: KND,UHS,TUP,CSL
Thursday's ETF with Unusual Volume: XMXThursday's ETF with Unusual Volume: XMX
Related symbols: XMX,FB,T,ADP,CA
Thursday's ETF Movers: VOX, IYTThursday's ETF Movers: VOX, IYT
Related symbols: VZ,FTR,LSTR,UPS,IYT,VOX
UCO, BJK: Big ETF OutflowsUCO, BJK: Big ETF Outflows
Related symbols: UCO,BJK,LVS,MGM
Daily Dividend Report: SU, MCK, SYF, CVX, CMCSA, GILD, UNPDaily Dividend Report: SU, MCK, SYF, CVX, CMCSA, GILD, UNP
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Daily Dividend Report: WFC, ANTM, MPC, DFS, HSY, XOM, MRKDaily Dividend Report: WFC, ANTM, MPC, DFS, HSY, XOM, MRK
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Daily Dividend Report: BBT, CMA, HXL, IBM, WPZ, ETN, EXCDaily Dividend Report: BBT, CMA, HXL, IBM, WPZ, ETN, EXC
Related symbols: BBT,CMA,HXL,IBM,WPZ,ETN,EXC
Fed Tapers Bond BuyingFed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in FebruaryNonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
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Daily Market Wrap: March 6, 2012 | Market News Video | Copyright © 2008 - 2017, All Rights Reserved

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