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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: BA, MCD Dow Movers: BA, MCD
Wednesday, October 1, 11:41 AM ET
IAU, ARGT: Big ETF Outflows IAU, ARGT: Big ETF Outflows
Tuesday, September 30, 12:46 PM ET
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S&P 500 Movers: F, EBAY S&P 500 Movers: F, EBAY
Tuesday, September 30, 12:45 PM ET
Nasdaq 100 Movers: MYL, EBAY Nasdaq 100 Movers: MYL, EBAY
Tuesday, September 30, 12:44 PM ET
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Dow Movers: MCD, UTX Dow Movers: MCD, UTX
Tuesday, September 30, 12:44 PM ET
S&P 500 Movers: DISCA, NI S&P 500 Movers: DISCA, NI
Monday, September 29, 12:50 PM ET
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Nasdaq 100 Movers: VIP, INTC Nasdaq 100 Movers: VIP, INTC
Monday, September 29, 12:49 PM ET
Dow Movers: CVX, INTC Dow Movers: CVX, INTC
Monday, September 29, 12:48 PM ET
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S&P 500 Movers: FTR, NKE S&P 500 Movers: FTR, NKE
Friday, September 26, 12:11 PM ET
Nasdaq 100 Movers: VIP, MU Nasdaq 100 Movers: VIP, MU
Friday, September 26, 12:10 PM ET
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Dow Movers: MRK, NKE Dow Movers: MRK, NKE
Friday, September 26, 12:06 PM ET
S&P 500 Movers: ATI, IRM S&P 500 Movers: ATI, IRM
Thursday, September 25, 12:28 PM ET
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Nasdaq 100 Movers: AAPL, VOD Nasdaq 100 Movers: AAPL, VOD
Thursday, September 25, 12:25 PM ET
Dow Movers: UNH, VZ Dow Movers: UNH, VZ
Thursday, September 25, 12:22 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 - 2014, All Rights Reserved

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