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.
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
Weekly Market Wrap: April 11, 2014
Related symbols: WY, F, LEN
Weekly Market Wrap: April 4, 2014
Related symbols: TJX, PNC, IR, LINE, LNCO
Weekly Market Wrap: March 28, 2014
Related symbols: NDAQ, FCX, AXP, LOW
Week Ahead Market Report: April 14, 2014
Related symbols: SCHW, KO, BAC, GS
Week Ahead Market Report: April 7, 2014
Related symbols: AA, BBBY, STZ, RAD, FAST
Week Ahead Market Report: March 31, 2014
Related symbols: APOL, MON, MU, KMX
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Daily Market Wrap: May 29, 2012
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