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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: TSLA, NVDA Nasdaq 100 Movers: TSLA, NVDA
Monday, February 27, 10:31 AM ET
S&P 500 Movers: AES, TGNA S&P 500 Movers: AES, TGNA
Monday, February 27, 10:30 AM ET
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Dow Movers: MSFT, CVX Dow Movers: MSFT, CVX
Monday, February 27, 10:29 AM ET
Nasdaq 100 Movers: BIDU, INCY Nasdaq 100 Movers: BIDU, INCY
Friday, February 24, 10:21 AM ET
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S&P 500 Movers: SWN, FL S&P 500 Movers: SWN, FL
Friday, February 24, 10:16 AM ET
Dow Movers: CAT, NKE Dow Movers: CAT, NKE
Friday, February 24, 10:14 AM ET
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Nasdaq 100 Movers: NVDA, SHPG Nasdaq 100 Movers: NVDA, SHPG
Thursday, February 23, 10:26 AM ET
S&P 500 Movers: LB, FSLR S&P 500 Movers: LB, FSLR
Thursday, February 23, 10:16 AM ET
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Dow Movers: GS, CVX Dow Movers: GS, CVX
Thursday, February 23, 10:15 AM ET
Nasdaq 100 Movers: TRIP, NCLH Nasdaq 100 Movers: TRIP, NCLH
Wednesday, February 22, 10:20 AM ET
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S&P 500 Movers: NFX, GRMN S&P 500 Movers: NFX, GRMN
Wednesday, February 22, 10:17 AM ET
Dow Movers: INTC, WMT Dow Movers: INTC, WMT
Wednesday, February 22, 10:10 AM ET
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Nasdaq 100 Movers: KHC, MDLZ Nasdaq 100 Movers: KHC, MDLZ
Tuesday, February 21, 10:21 AM ET
S&P 500 Movers: FCX, SNI S&P 500 Movers: FCX, SNI
Tuesday, February 21, 10:17 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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