Daily Market Wrap: May 10, 2012 Thursday, May 10, 4:57 PM ET
Stocks climbed back into positive territory after news of a better than expected jobs report that gave investors a sense of optimism.
The Labor Department is reporting a drop in weekly claims for unemployment last week, falling 1000 to a seasonally adjusted 367,000.
369,000 was the number economists were expecting.
Also on the economic front, the US trade deficit widened to $51.8 billion in March, which was more than expected, and also marked the fastest rate in 10 months.
Cisco Systems (NASDAQ:
CSCO) beat earnings expectations, but posted disappointing guidance, sending shares lower today.
Shares of Kohl's (NYSE:
KSS) are also trading lower today, after the retailer posted a steep drop in earnings, due to price cuts.
In M&A news, Coty upped its bid to acquire Avon Products (NYSE:
AVP) to about $10.7 billion. Coty said the offer will be withdrawn if Avon doesn't enter into discussions by Monday, May 14th.
Tomorrow, we'll take a look at the consumer sentiment report as well as earnings from Nvidia (NASDAQ:
For Marketnewsvideo.com, I'm Sayoko Murase.
Monday Sector Laggards: Water Utilities, Sporting Goods & Activities
Related symbols: CDZI, AWR, CLUB, WBAI
Monday Sector Leaders: Non-Precious Metals & Non-Metallic Mining, Oil & Gas Exploration & Production Stocks
Related symbols: ZEUS, PLM, PWE, MCEP
Friday Sector Laggards: Banking & Savings, Credit Services & Lending Stocks
Related symbols: OFG, BUSE, WAC, RVSB
Monday's ETF with Unusual Volume: PTF
Related symbols: PTF, SUNE, AAPL, CRUS
Monday's ETF Movers: GDX, IBB
Related symbols: BVN, SBGL, RDUS, ENDP, IBB, GDX
XLB, DXJH: Big ETF Outflows
Related symbols: XLB, DXJH, DOW, DD
Daily Dividend Report: GG, AYI, R, TK, WDFC, TNK
Related symbols: GG, AYI, R, TK, WDFC, TNK
Daily Dividend Report: THO, CVS, ZTS, SSS, FUL, CMRE, ALG
Related symbols: THO, CVS, ZTS, SSS, FUL, CMRE, ALG
Daily Dividend Report: EPD, AFG, LTC, PNC, WSO, SM, MW
Related symbols: EPD, AFG, LTC, PNC, WSO, SM, MW
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
Daily Market Wrap: May 10, 2012
| Market News Video | Copyright © 2008 - 2015, All Rights Reserved
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.