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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: ALGN, SHPG Nasdaq 100 Movers: ALGN, SHPG
Thursday, April 19, 10:25 AM ET
S&P 500 Movers: PM, SNA S&P 500 Movers: PM, SNA
Thursday, April 19, 10:24 AM ET
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Dow Movers: PG, AXP Dow Movers: PG, AXP
Thursday, April 19, 10:19 AM ET
Dow Movers: PG, AXP Dow Movers: PG, AXP
Thursday, April 19, 10:17 AM ET
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Nasdaq 100 Movers: LRCX, CSX Nasdaq 100 Movers: LRCX, CSX
Wednesday, April 18, 10:24 AM ET
S&P 500 Movers: JNPR, TXT S&P 500 Movers: JNPR, TXT
Wednesday, April 18, 10:16 AM ET
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Dow Movers: IBM, HD Dow Movers: IBM, HD
Wednesday, April 18, 10:15 AM ET
Nasdaq 100 Movers: TSLA, NFLX Nasdaq 100 Movers: TSLA, NFLX
Tuesday, April 17, 10:21 AM ET
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S&P 500 Movers: CMA, NFLX S&P 500 Movers: CMA, NFLX
Tuesday, April 17, 10:17 AM ET
Dow Movers: JNJ, UNH Dow Movers: JNJ, UNH
Tuesday, April 17, 10:12 AM ET
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Nasdaq 100 Movers: TSLA, JBHT Nasdaq 100 Movers: TSLA, JBHT
Monday, April 16, 10:30 AM ET
S&P 500 Movers: NKTR, JBHT S&P 500 Movers: NKTR, JBHT
Monday, April 16, 10:16 AM ET
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Dow Movers: DIS, MRK Dow Movers: DIS, MRK
Monday, April 16, 10:15 AM ET
Nasdaq 100 Movers: SHPG, AVGO Nasdaq 100 Movers: SHPG, AVGO
Friday, April 13, 10:26 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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