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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: ENDP, WDC Nasdaq 100 Movers: ENDP, WDC
Tuesday, May 24, 10:21 AM ET
S&P 500 Movers: CF, WDC S&P 500 Movers: CF, WDC
Tuesday, May 24, 10:16 AM ET
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Dow Movers: NKE, AXP Dow Movers: NKE, AXP
Tuesday, May 24, 10:12 AM ET
S&P 500 Movers: ROP, MON S&P 500 Movers: ROP, MON
Monday, May 23, 10:24 AM ET
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Nasdaq 100 Movers: CTRP, TRIP Nasdaq 100 Movers: CTRP, TRIP
Monday, May 23, 10:22 AM ET
Dow Movers: XOM, AAPL Dow Movers: XOM, AAPL
Monday, May 23, 10:12 AM ET
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Nasdaq 100 Movers: ROST, AMAT Nasdaq 100 Movers: ROST, AMAT
Friday, May 20, 10:32 AM ET
S&P 500 Movers: CPB, AMAT S&P 500 Movers: CPB, AMAT
Friday, May 20, 10:26 AM ET
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Dow Movers: MCD, INTC Dow Movers: MCD, INTC
Friday, May 20, 10:21 AM ET
S&P 500 Movers: CHK, URBN S&P 500 Movers: CHK, URBN
Thursday, May 19, 10:17 AM ET
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Dow Movers: GS, WMT Dow Movers: GS, WMT
Thursday, May 19, 10:12 AM ET
S&P 500 Movers: TGT, MU S&P 500 Movers: TGT, MU
Wednesday, May 18, 10:25 AM ET
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Nasdaq 100 Movers: COST, CHTR Nasdaq 100 Movers: COST, CHTR
Wednesday, May 18, 10:24 AM ET
Dow Movers: WMT, JPM Dow Movers: WMT, JPM
Wednesday, May 18, 10:20 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 - 2016, All Rights Reserved

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