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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: PCG, EXPE S&P 500 Movers: PCG, EXPE
Friday, May 22, 10:41 AM ET
Nasdaq 100 Movers: DLTR, LVNTA Nasdaq 100 Movers: DLTR, LVNTA
Friday, May 22, 10:40 AM ET
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Dow Movers: BA, AXP Dow Movers: BA, AXP
Friday, May 22, 10:38 AM ET
Nasdaq 100 Movers: NTAP, DLTR Nasdaq 100 Movers: NTAP, DLTR
Thursday, May 21, 10:21 AM ET
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S&P 500 Movers: NTAP, BBY S&P 500 Movers: NTAP, BBY
Thursday, May 21, 10:16 AM ET
Dow Movers: MSFT, CAT Dow Movers: MSFT, CAT
Thursday, May 21, 10:11 AM ET
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Nasdaq 100 Movers: AAL, ADI Nasdaq 100 Movers: AAL, ADI
Wednesday, May 20, 10:28 AM ET
S&P 500 Movers: LUV, CVC S&P 500 Movers: LUV, CVC
Wednesday, May 20, 10:16 AM ET
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Dow Movers: MCD, PFE Dow Movers: MCD, PFE
Wednesday, May 20, 10:11 AM ET
S&P 500 Movers: URBN, TJX S&P 500 Movers: URBN, TJX
Tuesday, May 19, 10:23 AM ET
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Nasdaq 100 Movers: VIP, LRCX Nasdaq 100 Movers: VIP, LRCX
Tuesday, May 19, 10:22 AM ET
Dow Movers: WMT, AXP Dow Movers: WMT, AXP
Tuesday, May 19, 10:19 AM ET
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S&P 500 Movers: ESV, ALTR S&P 500 Movers: ESV, ALTR
Monday, May 18, 10:53 AM ET
Nasdaq 100 Movers: VIP, ALTR Nasdaq 100 Movers: VIP, ALTR
Monday, May 18, 10:51 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 - 2015, All Rights Reserved

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