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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
S&P 500 Movers: WU, SNDK S&P 500 Movers: WU, SNDK
Thursday, April 17, 12:54 PM ET
Nasdaq 100 Movers: GOOGL, SNDK Nasdaq 100 Movers: GOOGL, SNDK
Thursday, April 17, 12:53 PM ET
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Dow Movers: UNH, GE Dow Movers: UNH, GE
Thursday, April 17, 12:53 PM ET
S&P 500 Movers: LLTC, YHOO S&P 500 Movers: LLTC, YHOO
Wednesday, April 16, 11:47 AM ET
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Nasdaq 100 Movers: LLTC, YHOO Nasdaq 100 Movers: LLTC, YHOO
Wednesday, April 16, 11:47 AM ET
Dow Movers: UNH, V Dow Movers: UNH, V
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S&P 500 Movers: NEM, TRIP S&P 500 Movers: NEM, TRIP
Tuesday, April 15, 11:43 AM ET
Nasdaq 100 Movers: BIDU, TRIP Nasdaq 100 Movers: BIDU, TRIP
Tuesday, April 15, 11:42 AM ET
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Dow Movers: WMT, KO Dow Movers: WMT, KO
Tuesday, April 15, 11:30 AM ET
About The Nasdaq 100 Index About The Nasdaq 100 Index
Monday, April 14, 3:36 PM ET
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S&P 500 Movers: MDT, EW S&P 500 Movers: MDT, EW
Monday, April 14, 12:25 PM ET
Nasdaq 100 Movers: ISRG, FFIV Nasdaq 100 Movers: ISRG, FFIV
Monday, April 14, 12:25 PM ET
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Dow Movers: UNH, GS Dow Movers: UNH, GS
Monday, April 14, 12:11 PM ET
About The S&P 500 Index About The S&P 500 Index
Friday, April 11, 12:51 PM 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 - 2014, All Rights Reserved

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