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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: CA, REGN Nasdaq 100 Movers: CA, REGN
Thursday, June 22, 10:21 AM ET
S&P 500 Movers: ACN, ORCL S&P 500 Movers: ACN, ORCL
Thursday, June 22, 10:16 AM ET
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Dow Movers: WMT, UNH Dow Movers: WMT, UNH
Thursday, June 22, 10:13 AM ET
Nasdaq 100 Movers: MAT, CA Nasdaq 100 Movers: MAT, CA
Wednesday, June 21, 10:21 AM ET
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S&P 500 Movers: FL, CA S&P 500 Movers: FL, CA
Wednesday, June 21, 10:16 AM ET
Dow Movers: INTC, NKE Dow Movers: INTC, NKE
Wednesday, June 21, 10:11 AM ET
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Dow Movers: CVX, MCD Dow Movers: CVX, MCD
Tuesday, June 20, 10:25 AM ET
Nasdaq 100 Movers: LILA, REGN Nasdaq 100 Movers: LILA, REGN
Tuesday, June 20, 10:22 AM ET
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S&P 500 Movers: CMG, LEN S&P 500 Movers: CMG, LEN
Tuesday, June 20, 10:21 AM ET
Nasdaq 100 Movers: COST, JD Nasdaq 100 Movers: COST, JD
Monday, June 19, 10:22 AM ET
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S&P 500 Movers: EQT, AMD S&P 500 Movers: EQT, AMD
Monday, June 19, 10:17 AM ET
Dow Movers: WMT, AAPL Dow Movers: WMT, AAPL
Monday, June 19, 10:11 AM ET
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Dow Movers: WMT, BA Dow Movers: WMT, BA
Friday, June 16, 10:22 AM ET
Nasdaq 100 Movers: COST, AMZN Nasdaq 100 Movers: COST, AMZN
Friday, June 16, 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 - 2017, All Rights Reserved

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