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.
Friday Sector Laggards: Education & Training Services, Semiconductors
Related symbols: DV, UTI, SIMO, MXIM
Friday Sector Leaders: Non-Precious Metals & Non-Metallic Mining, Airlines
Related symbols: VALE, SCHN, HA, HUBG
Thursday Sector Laggards: General Contractors & Builders, Vehicle Manufacturers
Related symbols: PHM, SPF, GM, STS
Friday's ETF with Unusual Volume: VFH
Related symbols: VFH, BAC, HBAN, EHTH, RCAP
Friday's ETF Movers: FDN, GDXJ
Related symbols: AMZN, JNPR, MDW, AKG.CA, GDXJ, FDN
IYR, GGOV: Big ETF Outflows
Related symbols: IYR, GGOV, SPG, AMT
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
Daily Dividend Report: NLSN, RCI, WNR, PCAR, TXT, DHI
Related symbols: NLSN, RCI, WNR, PCAR, TXT, DHI
Weekly Market Wrap: April 24, 2015
Related symbols: MSFT, VALE, CMCSA, AAPL
Weekly Market Wrap: April 10, 2015
Related symbols: BAC, GE, RAD, F, ZNGA
Weekly Market Wrap: April 2, 2015
Related symbols: BAC, MU, MSFT
Week Ahead Market Report: April 13, 2015
Related symbols: GE, AAPL, BAC, JPM, NOK
Week Ahead Market Report: April 6, 2015
Related symbols: AAPL, BAC, RAD, AMAT
Week Ahead Market Report: March 30, 2015
Related symbols: AAPL, BAC, INTC, AYI, CONN, MU
All videos » |
Stock market definitions »
Daily Market Wrap: May 29, 2012
| Market News Video | Copyright © 2008 - 2015, 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.