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.
Monday Sector Laggards: Construction Materials & Machinery, Hospital & Medical Practitioners
Related symbols: FRTA, HBP, QHC, GEN
Monday Sector Leaders: Aerospace & Defense, Precious Metals
Related symbols: CVU, ERJ, ALO, AXU
Friday Sector Laggards: Apparel Stores, Waste Management Stocks
Related symbols: FL, GCO, WM, RSG
Monday's ETF with Unusual Volume: VYMI
Related symbols: VYMI, PBR, ABEV, SBGL, EBR
Monday's ETF Movers: GDX, ILF
Related symbols: SBGL, OR, CIG, BBD, ILF, GDX
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Related symbols: DVY, BKF, LMT, CME, BABA, BIDU
Daily Dividend Report: ADC, AET, YUM, VAL, WLK, SUI
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Related symbols: DXC, HD, HAL, CCI, AVB, WY, VTR
Daily Dividend Report: CB, MMC, LUV, KEY, LII, TMO, A, HPQ, DPS
Related symbols: CB, MMC, LUV, KEY, LII, TMO, A, HPQ, DPS
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Daily Market Wrap: May 21, 2012
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