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: SHPG, HSIC
Related symbols: SHPG, HSIC, MU, XLNX
S&P 500 Movers: CNP, HBI
Related symbols: CNP, HBI, SLB, HSIC
Dow Movers: INTC, MRK
Related symbols: INTC, MRK, GE, VZ
Monday Sector Laggards: Precious Metals, Metals Fabrication & Products
Related symbols: AXU, TAHO, AA, AQMS
Monday Sector Leaders: Music & Electronics Stores, Gas Utilities
Related symbols: RCII, GME, SXE, FGP
Friday Sector Laggards: Paper & Forest Products, Textiles
Related symbols: CLW, MERC, SKX, ICON
Monday's ETF with Unusual Volume: FXU
Related symbols: FXU, T, CNP, VVC
Monday's ETF Movers: MLPA, XME
Related symbols: WPZ, MMP, AA, CLF, XME, MLPA
XLU, SMH: Big ETF Outflows
Related symbols: XLU, SMH, NEE, DUK, INTC, TSM
Daily Dividend Report: OKE, PH, SCHW, HUM, HON
Related symbols: OKE, PH, SCHW, HUM, HON
Daily Dividend Report: V, KMI, MS, BK, SHW
Related symbols: V, KMI, MS, BK, SHW
Daily Dividend Report: QCOM, WHR, STBA, PEG, UNM
Related symbols: QCOM, WHR, STBA, PEG, UNM
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Related symbols: BAC, MU, AAPL, SUNE, FB
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Related symbols: BAC, AAPL, VALE, T
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Daily Market Wrap: May 21, 2012
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