Daily Market Wrap: May 29, 2012 Tuesday, May 29, 3:14 PM ET
The markets opened higher this morning after the holiday weekend and extended their gains, despite lackluster economic reports.
The S&P/Case Shiller composite index of 20 metropolitan cities showed a gain of 0.1 percent in home prices in March, falling short of economists expectations.
Also out this morning were the consumer confidence numbers for May, which dropped to 64.9. Economists expected a reading of 70.
Investors continue to keep an eye on Facebook (NASDAQ:
FB) as the company is in talks to acquire Norwegian firm Opera Software ( OPESF).
Meanwhile, Facebook was trading down below $30 a share today.
JP Morgan Chase (NYSE:
JPM) has sold an estimated $25 billion in profitable securities in a move to offset the bank's "London Whale" losses.
Meanwhile, the bank is facing more scrutiny as the firm was reportedly identified as the source of leaked confidential information in Japan.
Tomorrow, we'll take a look at the numbers for weekly mortgage applications and pending home sales, as well as earnings results from TiVo(NASDAQ:
For Marketnewsvideo.com, I'm Sayoko Murase.
Wednesday Sector Leaders: Oil & Gas Exploration & Production, Rental, Leasing, & Royalty Stocks
Related symbols: WRES, SN, NDRO, VOC
Wednesday Sector Laggards: Trucking, Aerospace & Defense Stocks
Related symbols: YRCW, CVTI, BEAV, HEI
Tuesday Sector Leaders: Oil & Gas Exploration & Production, Oil & Gas Refining & Marketing Stocks
Related symbols: TLM, SFY, CZZ, SU
EWJ, FTSM: Big ETF Outflows
Related symbols: EWJ, FTSM, FTSL
FXO, DXKW: Big ETF Inflows
Related symbols: FXO, DXKW, MCY, SYF
Wednesday's ETF with Unusual Volume: IAT
Related symbols: IAT, RF, KEY, IBKC, CFR
Daily Dividend Report: MCO, ROP, EOG, GIS, EQR, O, MAS, UDR, DRI
Related symbols: MCO, ROP, EOG, GIS, EQR, O, MAS, UDR, DRI
Daily Dividend Report: CVS, MMM, BA, LLY, KRFT, FITB, IFF
Related symbols: CVS, MMM, BA, LLY, KRFT, FITB, IFF
Daily Dividend Report: GE, PFE, ABT, BXMT, AES, ZMH
Related symbols: GE, PFE, ABT, BXMT, AES, ZMH
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Daily Market Wrap: May 29, 2012
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