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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: DVN, AAP S&P 500 Movers: DVN, AAP
Wednesday, February 21, 10:17 AM ET
Dow Movers: GE, MCD Dow Movers: GE, MCD
Wednesday, February 21, 10:16 AM ET
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S&P 500 Movers: WMT, NBL S&P 500 Movers: WMT, NBL
Tuesday, February 20, 10:31 AM ET
Nasdaq 100 Movers: QCOM, ADI Nasdaq 100 Movers: QCOM, ADI
Tuesday, February 20, 10:30 AM ET
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Dow Movers: WMT, INTC Dow Movers: WMT, INTC
Tuesday, February 20, 10:29 AM ET
S&P 500 Movers: VFC, AMAT S&P 500 Movers: VFC, AMAT
Friday, February 16, 10:44 AM ET
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Dow Movers: MCD, CSCO Dow Movers: MCD, CSCO
Friday, February 16, 10:12 AM ET
Nasdaq 100 Movers: INCY, CSCO Nasdaq 100 Movers: INCY, CSCO
Thursday, February 15, 10:26 AM ET
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S&P 500 Movers: NTAP, TRIP S&P 500 Movers: NTAP, TRIP
Thursday, February 15, 10:25 AM ET
Dow Movers: UNH, CSCO Dow Movers: UNH, CSCO
Thursday, February 15, 10:25 AM ET
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Nasdaq 100 Movers: REGN, BIDU Nasdaq 100 Movers: REGN, BIDU
Wednesday, February 14, 10:21 AM ET
S&P 500 Movers: FLIR, CMG S&P 500 Movers: FLIR, CMG
Wednesday, February 14, 10:19 AM ET
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Dow Movers: CVX, JPM Dow Movers: CVX, JPM
Wednesday, February 14, 10:11 AM ET
Nasdaq 100 Movers: HSIC, MELI Nasdaq 100 Movers: HSIC, MELI
Tuesday, February 13, 10:22 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 - 2018, All Rights Reserved

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