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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: LB, QRVO S&P 500 Movers: LB, QRVO
Thursday, May 5, 10:51 AM ET
Nasdaq 100 Movers: BMRN, DISCA Nasdaq 100 Movers: BMRN, DISCA
Thursday, May 5, 10:49 AM ET
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Dow Movers: MRK, CVX Dow Movers: MRK, CVX
Thursday, May 5, 10:48 AM ET
Nasdaq 100 Movers: PCLN, STX Nasdaq 100 Movers: PCLN, STX
Wednesday, May 4, 10:27 AM ET
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S&P 500 Movers: PCLN, OKE S&P 500 Movers: PCLN, OKE
Wednesday, May 4, 10:16 AM ET
Dow Movers: UTX, CVX Dow Movers: UTX, CVX
Wednesday, May 4, 10:11 AM ET
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Dow Movers: GS, PFE Dow Movers: GS, PFE
Tuesday, May 3, 10:28 AM ET
Nasdaq 100 Movers: SBAC, ALXN Nasdaq 100 Movers: SBAC, ALXN
Tuesday, May 3, 10:26 AM ET
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S&P 500 Movers: CHK, MNK S&P 500 Movers: CHK, MNK
Tuesday, May 3, 10:23 AM ET
Nasdaq 100 Movers: BIDU, MNST Nasdaq 100 Movers: BIDU, MNST
Monday, May 2, 10:21 AM ET
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S&P 500 Movers: SWN, WYNN S&P 500 Movers: SWN, WYNN
Monday, May 2, 10:16 AM ET
Dow Movers: AAPL, VZ Dow Movers: AAPL, VZ
Monday, May 2, 10:11 AM ET
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Nasdaq 100 Movers: SRCL, MNST Nasdaq 100 Movers: SRCL, MNST
Friday, April 29, 10:22 AM ET
S&P 500 Movers: SRCL, MNST S&P 500 Movers: SRCL, MNST
Friday, April 29, 10:16 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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