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: MYL, EBAY
Related symbols: MYL, EBAY, WDC, YHOO
Dow Movers: MRK, CAT
Related symbols: MRK, CAT, JNJ, HD
S&P 500 Movers: CHK, CAG
Related symbols: CHK, CAG, RHI, ACN
Thursday Sector Laggards: Drugs, Gas Utilities
Related symbols: ITCI, ADHD, FGP, CPK
Thursday Sector Leaders: Oil & Gas Exploration & Production, Oil & Gas Equipment & Services
Related symbols: PACD, OAS, HOS, WG
Wednesday Sector Laggards: Home Furnishings & Improvement, Music & Electronics Stores
Related symbols: TPX, SCSS, CONN, JD
Thursday's ETF with Unusual Volume: VLUE
Related symbols: VLUE, BAC, MRO, MPC
Thursday's ETF Movers: OIH, XPH
Related symbols: SPN, RIG, ITCI, SUPN, XPH, OIH
UCO, SEF: Big ETF Outflows
Related symbols: UCO, SEF
Daily Dividend Report: MCD, JOUT, EOG, BKU, GBCI
Related symbols: MCD, JOUT, EOG, BKU, GBCI
Daily Dividend Report: OGE, GIS, MKC, MAA, WGL
Related symbols: OGE, GIS, MKC, MAA, WGL
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Related symbols: AXP, SNX, CLC, MA, HRL
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Related symbols: BAC, MU, AAPL, SUNE, FB
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Related symbols: BAC, AAPL, MSFT, ICLD, NOK
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Daily Market Wrap: May 21, 2012
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