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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
Dow Movers: CVX, HD Dow Movers: CVX, HD
Friday, March 27, 10:44 AM ET
Nasdaq 100 Movers: SNDK, EA Nasdaq 100 Movers: SNDK, EA
Friday, March 27, 10:43 AM ET
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S&P 500 Movers: RIG, CCL S&P 500 Movers: RIG, CCL
Friday, March 27, 10:43 AM ET
S&P 500 Movers: SNDK, RHT S&P 500 Movers: SNDK, RHT
Thursday, March 26, 12:50 PM ET
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Nasdaq 100 Movers: SNDK, CELG Nasdaq 100 Movers: SNDK, CELG
Thursday, March 26, 12:49 PM ET
Dow Movers: CSCO, IBM Dow Movers: CSCO, IBM
Thursday, March 26, 12:45 PM ET
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Nasdaq 100 Movers: NVDA, KRFT Nasdaq 100 Movers: NVDA, KRFT
Wednesday, March 25, 5:10 PM ET
S&P 500 Movers: NVDA, KRFT S&P 500 Movers: NVDA, KRFT
Wednesday, March 25, 4:59 PM ET
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Dow Movers: MSFT, MRK Dow Movers: MSFT, MRK
Wednesday, March 25, 4:54 PM ET
S&P 500 Movers: FCX, MKC S&P 500 Movers: FCX, MKC
Tuesday, March 24, 4:13 PM ET
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Nasdaq 100 Movers: MAR, NFLX Nasdaq 100 Movers: MAR, NFLX
Tuesday, March 24, 4:12 PM ET
Dow Movers: IBM, MRK Dow Movers: IBM, MRK
Tuesday, March 24, 4:11 PM ET
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S&P 500 Movers: VRTX, GNW S&P 500 Movers: VRTX, GNW
Monday, March 23, 1:24 PM ET
Nasdaq 100 Movers: VRTX, VIP Nasdaq 100 Movers: VRTX, VIP
Monday, March 23, 1:23 PM 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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