Daily Market Wrap: May 2, 2012 Wednesday, May 2, 5:07 PM ET
A very disappointing ADP employment report sent stocks lower today, just one day after the Dow hit its highest level in four years.
Just 119,000 private sector jobs were added last month, according to the ADP report. That number fell short of expectations for a gain of 170,000 jobs.
At the end of the week, we'll be watching for the monthly government jobs report in which analysts are expecting a gain of 163,000 jobs in April.
Also in economic news, the Commerce Department is reporting a 1.5 percent drop in factory orders in March, due to slowing demand for aircraft. This is the biggest drop in 3 years.
On the earnings front, Chesapeake Energy (NYSE:
CHK) missed earnings expectations yesterday, sending its stock price lower by 12 percent after the opening bell today.
Shares of Mastercard are trading lower today, despite the company posting an earnings beat, thanks to consumer spending.
Tomorrow, we'll take a look at the numbers for results for chain store sales as well earnings from Kraft(
KFT) and GM(NYSE: GM).
For Marketnewsvideo.com, I'm Sayoko Murase.
Nasdaq 100 Movers: INTU, PYPL
Related symbols: INTU, PYPL, TSCO, MU
S&P 500 Movers: SIG, JEC
Related symbols: SIG, JEC, CPB, MDT
Dow Movers: GE, AAPL
Related symbols: GE, AAPL, WMT, INTC
Tuesday Sector Laggards: Apparel Stores, Department Stores
Related symbols: DSW, NETS, JCP, DDS
Tuesday Sector Leaders: Computers, Diagnostics
Related symbols: CRAY, QTM, TDOC, DPLO
Monday Sector Laggards: Precious Metals, Oil & Gas Exploration & Production Stocks
Related symbols: EGI, DRD, IO, CRC
Tuesday's ETF with Unusual Volume: GXC
Related symbols: GXC, VIPS, BABA, CMCM
Tuesday's ETF Movers: MCHI, XRT
Related symbols: ATHM, WUBA, SIG, DSW, XRT, MCHI
PHB, RETL: Big ETF Outflows
Related symbols: PHB, RETL
Daily Dividend Report: BDX, HRL, ADI, PEG, CBS
Related symbols: BDX, HRL, ADI, PEG, CBS
Daily Dividend Report: FISI, NTIC, PEP, GPC, WLK
Related symbols: FISI, NTIC, PEP, GPC, WLK
Daily Dividend Report: NKE, SYY, KEY, HD, BLK, FDX, KMB, ALL
Related symbols: NKE, SYY, KEY, HD, BLK, FDX, KMB, ALL
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
Daily Market Wrap: May 2, 2012
| Market News Video | Copyright © 2008 - 2017, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.