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 Laggards: Biotechnology, Aerospace & Defense Stocks
Related symbols: PSTI, PBYI, TDG, TGI
Friday Sector Leaders: Shipping, Agriculture & Farm Products
Related symbols: NM, SBLK, UAN, CRESY
Thursday Sector Laggards: Music & Electronics Stores, Non-Precious Metals & Non-Metallic Mining Stocks
Related symbols: RCII, CONN, ZEUS, AKS
Friday's ETF with Unusual Volume: KBWR
Related symbols: KBWR, TCB, FHN, WTFC, HBHC
Friday's ETF Movers: SOXX, XBI
Related symbols: SWKS, CRUS, PBYI, SGYP, XBI, SOXX
XLP, DXJR: Big ETF Outflows
Related symbols: XLP, DXJR, PG, KO
Daily Dividend Report: ED, WEC, SLB, TXN, DFS
Related symbols: ED, WEC, SLB, TXN, DFS
Daily Dividend Report: VNO, CMS, PSXP, TLLP, KMI
Related symbols: VNO, CMS, PSXP, TLLP
Daily Dividend Report: O, LLTC, FAST, NTRS, MTX
Related symbols: O, LLTC, FAST, NTRS, MTX
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.