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.
Tuesday Sector Leaders: Electric Utilities, Oil & Gas Exploration & Production Stocks
Related symbols: ED, PPL, FXEN, MPO
Tuesday Sector Laggards: Biotechnology, Drugs
Related symbols: TTHI, TKMR, QURE, FLML
Monday Sector Leaders: Precious Metals, Oil & Gas Exploration & Production Stocks
Related symbols: FSM, BAA, GDP, ZN
Tuesday's ETF with Unusual Volume: REZ
Related symbols: REZ, HCP, EQR, AVIV, DOC
Tuesday's ETF Movers: FCG, GDXJ
Related symbols: SFY, XCO, GSS, SBB.CA, GDXJ, FCG
SPY, FMK: Big ETF Outflows
Related symbols: SPY, FMK, AAPL, XOM, INTC, XOM
Daily Dividend Report: CPG, WHR, VET, SE, NNN
Related symbols: CPG, WHR, VET, SE, NNN
Daily Dividend Report: AON, SJM, UNM, CMS
Related symbols: AON, SJM, UNM, CMS
Daily Dividend Report: WY, FAST, RRD, ADX, PGH
Related symbols: WY, FAST, RRD, ADX, PGH
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Daily Market Wrap: May 21, 2012
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