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.
Nasdaq 100 Movers: INTU, PYPL
Related symbols: INTU, PYPL, TSCO, MU
S&P 500 Movers: SIG, JEC
Related symbols: SIG, JEC, CPB, MDT
Dow Movers: GE, AAPL
Related symbols: GE, AAPL, WMT, INTC
Tuesday Sector Laggards: Apparel Stores, Department Stores
Related symbols: DSW, NETS, JCP, DDS
Tuesday Sector Leaders: Computers, Diagnostics
Related symbols: CRAY, QTM, TDOC, DPLO
Monday Sector Laggards: Precious Metals, Oil & Gas Exploration & Production Stocks
Related symbols: EGI, DRD, IO, CRC
Tuesday's ETF with Unusual Volume: GXC
Related symbols: GXC, VIPS, BABA, CMCM
Tuesday's ETF Movers: MCHI, XRT
Related symbols: ATHM, WUBA, SIG, DSW, XRT, MCHI
PHB, RETL: Big ETF Outflows
Related symbols: PHB, RETL
Daily Dividend Report: BDX, HRL, ADI, PEG, CBS
Related symbols: BDX, HRL, ADI, PEG, CBS
Daily Dividend Report: FISI, NTIC, PEP, GPC, WLK
Related symbols: FISI, NTIC, PEP, GPC, WLK
Daily Dividend Report: NKE, SYY, KEY, HD, BLK, FDX, KMB, ALL
Related symbols: NKE, SYY, KEY, HD, BLK, FDX, KMB, ALL
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Related symbols: BAC, MU, AAPL, SUNE, FB
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Daily Market Wrap: May 29, 2012
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