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Daily Market Wrap: UPS, FDX, SBUX, TIF, ORCL
Monday, March 19, 4:52 PM ET

After a flat open, the markets managed to make some impressive gains, continuing last week's rally.

The Nasdaq got a boost from Apple (AAPL), after the company announced plans for a quarterly dividend and also said it would buy back $10 billion of its own shares over 3 years.

In economic news, the National Association of Home Builders is reporting that the homebuilder sentiment index remained at 28 in March, falling short of economists expectations of a reading of 30.

UPS (NYSE:UPS) shares are trading higher today after the company announced plans to acquire shipper TNT for $6.9 billion.

Meanwhile, shares of rival Fedex (NYSE:FDX) are also trading higher today after Citigroup raised its price target from $95 to $110.

Starbucks is trying something new, by opening up its first retail store called Evolution Fresh, a juice bar chain.

The company is hoping to get into world of health food and the wellness sector.

Tomorrow, we'll get a look at housing starts, as well as earnings from Tiffany (NYSE:TIF) and Oracle (NYSE:ORCL).

For Marketnewsvideo.com, I'm Sayoko Murase.

Daily Market Wrap: UPS, FDX, SBUX, TIF, ORCL picture
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Daily Market Wrap: UPS, FDX, SBUX, TIF, ORCL | Market News Video | Copyright © 2008 - 2016, All Rights Reserved

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