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 Laggards: Music & Electronics Stores, Semiconductors
Related symbols: SYX, VOXX, CAMT, CYBE
Tuesday Sector Leaders: Shipping, Oil & Gas Equipment & Services
Related symbols: NM, SBLK, BAS, CRR
Monday Sector Laggards: Sporting Goods & Activities, Semiconductors
Related symbols: WBAI, SEAS, AAOI, QRVO
Tuesday's ETF with Unusual Volume: QQEW
Related symbols: QQEW, MU, INTC, TSCO, STX
Tuesday's ETF Movers: KBE, REM
Related symbols: BAC, SBNY, ARR, ANH, REM, KBE
SPHQ, EFFE: Big ETF Outflows
Related symbols: SPHQ, EFFE, GE, MMM
Daily Dividend Report: DRI, BA, PMT, RGCO
Related symbols: DRI, BA, PMT, RGCO
Daily Dividend Report: IMKTA, DGAS, PFBC, CAFD, PLYM
Related symbols: IMKTA, DGAS, PFBC, CAFD, PLYM
Daily Dividend Report: MDT, ABBV, DTE, XRAY, UDR, SNX, BBBY, CHS
Related symbols: MDT, ABBV, DTE, XRAY, UDR, SNX, BBBY, CHS
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
Daily Market Wrap: May 29, 2012
| Market News Video | Copyright © 2008 - 2017, 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.