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.
Friday Sector Leaders: Transportation Services, Cigarettes & Tobacco
Related symbols: GLOG, NVGS, AOI, UVV
Friday Sector Laggards: Waste Management, Education & Training Services
Related symbols: QRHC, SWSH, ESI, LRN
Thursday Sector Leaders: Semiconductors, Banking & Savings
Related symbols: EMKR, VIMC, TCBI, IBTX
Friday's ETF with Unusual Volume: MOAT
Related symbols: MOAT, KO, EBAY, AMZN, BEN
Friday's ETF Movers: KRE, GDXJ
Related symbols: TCBI, BXS, BAA.CA, GSS, GDXJ, KRE
QQQ, EWZS: Big ETF Outflows
Related symbols: QQQ, EWZS, AAPL, MSFT
Daily Dividend Report: MCD, TXN, WPC, IDA, ORCL, CAG, NLY, AGNC, OC
Related symbols: MCD, TXN, WPC, IDA, ORCL, CAG, NLY, AGNC, OC
Daily Dividend Report: COV, KR, PWE, CVA, APA, MMC, STLD, CIM
Related symbols: COV, KR, PWE, CVA, APA, MMC, STLD, CIM
Daily Dividend Report: DX, MA, BMY, USB, CLX, FE
Related symbols: DX, MA, BMY, USB, CLX, FE
Weekly Market Wrap: September 19, 2014
Related symbols: BABA, YHOO, RAD, ORCL, MMC, IRM, LPT, STLD
Weekly Market Wrap: September 12, 2014
Related symbols: S, BAC, EBAY, AAPL, YHOO, CL, TYC, PM, IP, AMAT
Weekly Market Wrap: September 5, 2014
Related symbols: BAC, AAPL, VALE, GILD, HES, AEO, EGAS, DOW, FDO
Week Ahead Market Report: September 15, 2014
Related symbols: BAC, YHOO, AAPL, NOK, AVNR, ADBE, LEN, CAG, ORCL
Week Ahead Market Report: September 8, 2014
Related symbols: BAC, YHOO, MSFT, AAPL, BKS, RH, KR, DRI
Week Ahead Market Report: September 2, 2014
Related symbols: CWPR, AAPL, BAC, HRB, JOY, PAY
All videos » |
Stock market definitions »
Daily Market Wrap: May 2, 2012
| Market News Video | Copyright © 2008 - 2014, 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.