Daily Market Wrap: May 21, 2012 Monday, May 21, 5:21 PM ET
The markets opened on a positive note, and held onto their gains, despite ongoing concerns over the euro zone and a possible deal for Greece.
On the earnings front, Lowe's (NYSE:
LOW) posted a 14 percent increase in fiscal first quarter earnings, thanks to warmer weather, but the company lowered its full-year earnings outlook.
Shares of Campbell Soup (NYSE:
CPB) are trading lower today after food company posted fiscal third quarter earnings which fell 5.4 percent, partly due to rising commodities prices.
More disappointment for Facebook (NASDAQ:
FB) as the stock fell more almost 13 percent earlier today, and then making a bit of a recovery, after debuting on the Nasdaq on Friday.
In M&A news, Eaton (NYSE:
ETN) announced it will acquire electrical equipment maker Cooper Industries ( CBE) in a deal worth $11.8 billion in cash and stock.
Tomorrow, we'll take a look at the data for existing home sales, as well as earnings results from Best Buy (NYSE:
BBY) and Medtronic (NYSE: MDT).
For Marketnewsvideo.com, I'm Sayoko Murase.
Nasdaq 100 Movers: REGN, MNST
Related symbols: REGN, MNST, SHPG, WDC
S&P 500 Movers: BBBY, EQT
Related symbols: BBBY, EQT, SYY, RRC
Dow Movers: NKE, PG
Related symbols: NKE, PG, UNH, KO
Friday Sector Laggards: Grocery & Drug Stores, Banking & Savings
Related symbols: SYY, USFD, CADE, NBN
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Related symbols: CNK, EROS
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Related symbols: IXC, CHK, RIG, EQT, MRO
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Related symbols: HYG, RALS, XOM, AAPL
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Related symbols: MDT, ABBV, DTE, XRAY, UDR, SNX, BBBY, CHS
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Related symbols: ORCL, LMT, KR, NRZ, SRE, MAS, PNW, AIT
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Related symbols: IEX, TOL, APLE, CMC, KFY, WDR
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Daily Market Wrap: May 21, 2012
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