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: Biotechnology, Drugs
Related symbols: CLDN, CAPR, AKRX, AFMD
Monday Sector Leaders: Precious Metals, Non-Precious Metals & Non-Metallic Mining Stocks
Related symbols: CDE, SSRI, ZINC, ZEUS
Friday Sector Laggards: Education & Training Services, Semiconductors
Related symbols: DV, UTI, SIMO, MXIM
Monday's ETF with Unusual Volume: VFH
Related symbols: VFH, BAC, WFC, RCAP, EHTH
Monday's ETF Movers: GDXJ, XBI
Related symbols: CDE, SSRI, RGLS, IMGN, XBI, GDXJ
XLF, GDJS: Big ETF Outflows
Related symbols: XLF, GDJS, BRK.B, WFC
Daily Dividend Report: PDS, HON, DAL, MAC, HOG, RKT, PRE
Related symbols: PDS, HON, DAL, MAC, HOG, RKT, PRE
Daily Dividend Report: SPG, PFG, RF, AVY, PFE, V
Related symbols: SPG, PFG, RF, AVY, PFE, V
Daily Dividend Report: JNJ, AMP, COL, NDAQ, TWX, LMT, PH, SCHW
Related symbols: JNJ, AMP, COL, NDAQ, TWX, LMT, PH, SCHW
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Daily Market Wrap: May 21, 2012
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