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 Coty said the offer will be withdrawn if Avon doesn't enter into discussions by Monday, May 14th.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.
Thursday Sector Laggards: Precious Metals, Non-Precious Metals & Non-Metallic Mining Stocks
Related symbols: HMY, HBM, USAP, CLF
Thursday Sector Leaders: Gas Utilities, Textiles
Related symbols: MEP, SGU, SKX, CROX
Tuesday Sector Laggards: Computers, Insurance Brokers
Related symbols: RDWR, NEON, AHL, RE
Thursday's ETF with Unusual Volume: FNI
Related symbols: FNI, BIDU, VIPS, RDY, MMYT
Thursday's ETF Movers: XLU, GDX
Related symbols: NRG, WEC, HMY, SBGL, GDX, XLU
HYG, TFLO: Big ETF Outflows
Related symbols: HYG, TFLO
Daily Dividend Report: MCK, SU, CBOE, CVX, UNP, HPQ, COF, VNO, MRO, BLL
Related symbols: MCK, SU, CBOE, CVX, UNP, HPQ, COF, VNO, MRO, BLL
Daily Dividend Report: MPC, HLT, CG, XOM, WFC, GILD, AMGN, SYK, PX, BDX
Related symbols: MPC, HLT, CG, XOM, WFC, GILD, AMGN, SYK, PX, BDX
Daily Dividend Report: HIG, IBM, COST, EXC, CCE, DHI, CMA, GPN, WCN, CR
Related symbols: HIG, IBM, COST, EXC, CCE, DHI, CMA, GPN, WCN, CR
Weekly Market Wrap: July 24, 2015
Related symbols: BAC, T, AAPL, FCX, VALE
Weekly Market Wrap: July 10, 2015
Related symbols: AAPL, BAC, NBG, INTC, S
Weekly Market Wrap: July 2, 2015
Related symbols: BAC, AMD, VALE, MU
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.