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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: OI, LEN S&P 500 Movers: OI, LEN
Wednesday, September 17, 12:03 PM ET
Nasdaq 100 Movers: ADBE, WFM Nasdaq 100 Movers: ADBE, WFM
Wednesday, September 17, 12:02 PM ET
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Dow Movers: MRK, DD Dow Movers: MRK, DD
Wednesday, September 17, 11:49 AM ET
S&P 500 Movers: WYNN, HUM S&P 500 Movers: WYNN, HUM
Tuesday, September 16, 11:56 AM ET
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Nasdaq 100 Movers: WYNN, ALTR Nasdaq 100 Movers: WYNN, ALTR
Tuesday, September 16, 11:56 AM ET
Dow Movers: UTX, UNH Dow Movers: UTX, UNH
Tuesday, September 16, 11:54 AM ET
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S&P 500 Movers: GILD, TAP S&P 500 Movers: GILD, TAP
Monday, September 15, 12:37 PM ET
Nasdaq 100 Movers: TSLA, YHOO Nasdaq 100 Movers: TSLA, YHOO
Monday, September 15, 12:36 PM ET
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Dow Movers: CAT, TRV Dow Movers: CAT, TRV
Monday, September 15, 12:29 PM ET
S&P 500 Movers: HCN, ADS S&P 500 Movers: HCN, ADS
Friday, September 12, 12:18 PM ET
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Nasdaq 100 Movers: VRTX, YHOO Nasdaq 100 Movers: VRTX, YHOO
Friday, September 12, 12:16 PM ET
Dow Movers: CAT, GS Dow Movers: CAT, GS
Friday, September 12, 12:16 PM ET
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S&P 500 Movers: NBR, IP S&P 500 Movers: NBR, IP
Thursday, September 11, 11:40 AM ET
Nasdaq 100 Movers: GRMN, LBTYA Nasdaq 100 Movers: GRMN, LBTYA
Thursday, September 11, 11:38 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 - 2014, All Rights Reserved

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