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.
Thursday Sector Leaders: Communications Services, Agriculture & Farm Products
Related symbols: ETAK, CRCM, GRO, CRESY
Thursday Sector Laggards: Music & Electronics Stores, General Contractors & Builders
Related symbols: RSH, CONN, HXM, MHO
Wednesday Sector Leaders: Biotechnology, Rubber & Plastics
Related symbols: APRI, IMGN, CXDC, KRA
Thursday's ETF with Unusual Volume: PXE
Related symbols: PXE, SD, VLO, CRK
Thursday's ETF Movers: FCG, ITB
Related symbols: KWK, UPL, UFPI, MHO, ITB, FCG
RSX, EET: Big ETF Outflows
Related symbols: RSX, EET, MBT, YNDX
Daily Dividend Report: MS, PPG, DFS, SLB, GS
Related symbols: MS, PPG, DFS, SLB, GS
Daily Dividend Report: SHW, SWK, O, GT, SM, SPN
Related symbols: SHW, SWK, O, GT, SM, SPN
Daily Dividend Report: CSX, NTRS, FRC, NGLS, BTE
Related symbols: CSX, NTRS, FRC, NGLS, BTE
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Daily Market Wrap: May 21, 2012
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