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.
Thursday Sector Leaders: Metals Fabrication & Products, Oil & Gas Refining & Marketing Stocks
Related symbols: TAS, MTRN, PBF, YPF
Thursday Sector Laggards: Agriculture & Farm Products, Cigarettes & Tobacco Stocks
Related symbols: SEED, GRO, VGR, UVV
Wednesday Sector Leaders: Agriculture & Farm Products, Shipping Stocks
Related symbols: SEED, GRO, EGLE, SBLK
Thursday's ETF with Unusual Volume: QCLN
Related symbols: QCLN, FCEL, YGE, MXWL
Thursday's ETF Movers: ILF, XPH
Related symbols: ELP, CPL, AVNR, AUXL, XPH, ILF
SH, XRT: Big ETF Outflows
Related symbols: SH, XRT, ZLC, EXPE
Daily Dividend Report: NMFC, MITT, AE
Related symbols: NMFC, MITT, AE
Dividend Increases: GD, DVN, MLR
Related symbols: GD, DVN, MLR
Daily Dividend Report: GME, BFS, PB, BDC, SEAS
Related symbols: GME, BFS, PB, BDC, SEAS
Weekly Market Wrap: February 28, 2014
Related symbols: M, TOL, TGT
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Related symbols: SIG, ZLC, KO, WMT, DISH
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Related symbols: PEP, CMCSA, CVS
Week Ahead Market Report: March 3, 2014
Related symbols: RSH, BYD, ALG, VLP
Dow Movers: JPM, WMT
Related symbols: JPM, WMT
Week Ahead Market Report: February 24, 2014
Related symbols: FSLR, LB, SPLK, LINTA
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Daily Market Wrap: May 29, 2012
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