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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: SHPG, ROST Nasdaq 100 Movers: SHPG, ROST
Friday, August 18, 10:21 AM ET
S&P 500 Movers: FL, ROST S&P 500 Movers: FL, ROST
Friday, August 18, 10:18 AM ET
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Dow Movers: NKE, GS Dow Movers: NKE, GS
Friday, August 18, 10:11 AM ET
Nasdaq 100 Movers: JD, ORLY Nasdaq 100 Movers: JD, ORLY
Thursday, August 17, 10:21 AM ET
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S&P 500 Movers: LB, URI S&P 500 Movers: LB, URI
Thursday, August 17, 10:20 AM ET
Dow Movers: CSCO, MRK Dow Movers: CSCO, MRK
Thursday, August 17, 10:11 AM ET
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Nasdaq 100 Movers: AMZN, NTES Nasdaq 100 Movers: AMZN, NTES
Wednesday, August 16, 10:21 AM ET
Dow Movers: AAPL, UTX Dow Movers: AAPL, UTX
Wednesday, August 16, 10:16 AM ET
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S&P 500 Movers: AMD, FCX S&P 500 Movers: AMD, FCX
Wednesday, August 16, 10:16 AM ET
Nasdaq 100 Movers: TSCO, WYNN Nasdaq 100 Movers: TSCO, WYNN
Tuesday, August 15, 10:24 AM ET
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S&P 500 Movers: AAP, WYNN S&P 500 Movers: AAP, WYNN
Tuesday, August 15, 10:20 AM ET
Dow Movers: HD, AXP Dow Movers: HD, AXP
Tuesday, August 15, 10:19 AM ET
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Nasdaq 100 Movers: JD, MU Nasdaq 100 Movers: JD, MU
Monday, August 14, 10:24 AM ET
S&P 500 Movers: NEM, AMD S&P 500 Movers: NEM, AMD
Monday, August 14, 10:24 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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