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Daily Market Wrap: May 14, 2012
Monday, May 14, 4:40 PM ET

Stocks rallying off earlier losses as Greek leaders set a meeting for tomorrow in an effort to prevent a possible exit from the Euro. Traders say that meeting is supposed to take place at 7am New York time on Tuesday. Uncertainty surrounding the effects of that country's withdrawal from the Euro sent the major averages sharply lower at the open.

Among big losers on the Dow - JP Morgan (NYSE:JPM). Those shares continue to fall after the bank's $2 billion dollar trading loss announced last week. Today the firm's chief investment officer Ina Drew announced her retirement.

One bright spot in the Dow -Cisco Systems (NASDAQ:CSCO) rising 1-3/4% after losing almost 14% of its value last week on lower than expected earnings guidance.

Heading into the last hour of trading, all three major indexes were down around half a percent.

In addition to news out of Greece early tomorrow morning investors will have plenty of economic data to sort out, starting with the consumer price index and retail sales. A little later in the morning we'll take a look at business inventories and the housing market index.

For Marketnewsvideo.com, I'm Kristin Bianco.

Daily Market Wrap: May 14, 2012 picture
Nasdaq 100 Movers: LILA, DLTR Nasdaq 100 Movers: LILA, DLTR
Friday, September 4, 10:23 AM ET
S&P 500 Movers: CNX, DAL S&P 500 Movers: CNX, DAL
Friday, September 4, 10:17 AM ET
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Dow Movers: CAT, AAPL Dow Movers: CAT, AAPL
Friday, September 4, 10:11 AM ET
S&P 500 Movers: JOY, FTR S&P 500 Movers: JOY, FTR
Thursday, September 3, 10:37 AM ET
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Nasdaq 100 Movers: NFLX, MDLZ Nasdaq 100 Movers: NFLX, MDLZ
Thursday, September 3, 10:36 AM ET
Dow Movers: CAT, CVX Dow Movers: CAT, CVX
Thursday, September 3, 10:34 AM ET
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Nasdaq 100 Movers: DLTR, CHRW Nasdaq 100 Movers: DLTR, CHRW
Wednesday, September 2, 10:34 AM ET
S&P 500 Movers: DLTR, HRB S&P 500 Movers: DLTR, HRB
Wednesday, September 2, 10:17 AM ET
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Dow Movers: VZ, INTC Dow Movers: VZ, INTC
Wednesday, September 2, 10:14 AM ET
S&P 500 Movers: DLTR, FSLR S&P 500 Movers: DLTR, FSLR
Tuesday, September 1, 10:17 AM ET
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Dow Movers: XOM, CAT Dow Movers: XOM, CAT
Tuesday, September 1, 10:11 AM ET
Nasdaq 100 Movers: WYNN, SPLS Nasdaq 100 Movers: WYNN, SPLS
Monday, August 31, 10:23 AM ET
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S&P 500 Movers: NBL, TAP S&P 500 Movers: NBL, TAP
Monday, August 31, 10:16 AM ET
Dow Movers: UTX, UNH Dow Movers: UTX, UNH
Monday, August 31, 10:13 AM ET
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Daily Market Wrap: May 14, 2012  NOW PLAYING
Daily Market Wrap: May 14, 2012
Monday, May 14, 4:40 PM ET
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Daily Market Wrap: May 14, 2012 | Market News Video | Copyright © 2008 - 2015, All Rights Reserved

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