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: Biotechnology, Paper & Forest Products
Related symbols: PBYI, ONTY, KS, VRS
Wednesday Sector Laggards: Semiconductors, Computer Peripherals
Related symbols: XLNX, LSCC, JNPR, EXTR
Tuesday Sector Leaders: Trucking, Computer Peripherals
Related symbols: HTLD, MRTN, EXTR, FEYE
Wednesday's ETF with Unusual Volume: PPH
Related symbols: PPH, PFE, GSK, ACT
Wednesday's ETF Movers: XBI, SOXX
Related symbols: PBYI, ARRY, XLNX, FSL, SOXX, XBI
IJH, ITF: Big ETF Outflows
Related symbols: IJH, ITF, URI, EQIX
Daily Dividend Report: AAPL, WFC, AXP, PX, NBL, COG, SPG, SWK
Related symbols: AAPL, WFC, AXP, PX, NBL, COG, SPG, SWK
Daily Dividend Report: BAX, SO, ETN, SYK, AEP, ALL, CCE, FMC
Related symbols: BAX, SO, ETN, SYK, AEP, ALL, CCE, FMC
Daily Dividend Report: JNJ, HAL, AGN, APD, ADT, SPN, ZION, BRO
Related symbols: JNJ, HAL, AGN, APD, ADT, SPN, ZION, BRO
Weekly Market Wrap: July 18, 2014
Related symbols: AMD, BAC, ZNGA, GE, SLB, GLW, CAG, GS
Weekly Market Wrap: July 11, 2014
Related symbols: AAPL, BAC, FB, GE, MTG, OXY, TMO, CVS, COP, PSX, CSX
Weekly Market Wrap: July 3, 2014
Related symbols: BAC, WY, RAD, FB, PNC, AYI
Week Ahead Market Report: July 21, 2014
Related symbols: GE, PLUG, FB, BAC, CMCSA, CA, ETFC, DAL, AMZN, BIDU, AON
Week Ahead Market Report: July 14, 2014
Related symbols: AMD, BAC, AAPL, C, GS, BAC, AMD, GE
Week Ahead Market Report: July 7, 2014
Related symbols: AAPL, CBS, SIRI, AA, WDFC, FDO, FAST
All videos » |
Stock market definitions »
Daily Market Wrap: May 29, 2012
| Market News Video | Copyright © 2008 - 2014, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.