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Daily Market Wrap: May 7, 2012
Monday, May 7, 5:08 PM ET

Stocks were mostly higher on Monday, with financial shares taking the lead, shrugging off doubts that French election results would have a negative impact on Europe's ability to tackle its debt crisis.

In corporate news, Vertex Pharmaceuticals (NASDAQ:VRTX) was higher by 54.5 percent after data showed that the company's cystic fibrosis drug Kalydeco led to a significant lung function improvement.

Cognizant Technologies Solutions (NASDAQ:CTSH) shares fell by 18.9 percent after after the company cut profit and revenue outlooks.

PepsiCo (NYSE:PEP) shares were higher by 1.2 percent after Morgan Stanley (MS) issued a postive report on the U.S. beverage industry, raising its outlook to attractive.

For MarketNewsVideo.com, I'm Tracey Fitzpatrick.

Daily Market Wrap: May 7, 2012 picture
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S&P 500 Movers: NI, GNWS&P 500 Movers: NI, GNW
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Dow Movers: DD, INTCDow Movers: DD, INTC
Related symbols: DD,INTC
Nasdaq 100 Movers: INTC, WYNNNasdaq 100 Movers: INTC, WYNN
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Dow Analyst Moves: MRKDow Analyst Moves: MRK
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Thursday Sector Laggards: Sporting Goods & Activities, Information Technology ServicesThursday Sector Laggards: Sporting Goods & Activities, Information Technology Services
Related symbols: ISCA,WBAI,ICLD,CTSH
Thursday Sector Leaders: Precious Metals, Oil & Gas Exploration & Production StocksThursday Sector Leaders: Precious Metals, Oil & Gas Exploration & Production Stocks
Related symbols: SAND,BAA,MPO,PGN
Wednesday Sector Laggards: Metals & Mining, Oil & Gas Exploration & Production StocksWednesday Sector Laggards: Metals & Mining, Oil & Gas Exploration & Production Stocks
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ACWI, AIRR: Big ETF OutflowsACWI, AIRR: Big ETF Outflows
Related symbols: ACWI,AIRR,AAPL,MSFT,DY,AYI
VTI, CHAU: Big ETF InflowsVTI, CHAU: Big ETF Inflows
Related symbols: VTI,CHAU,ESND,ASHR,PEK
Thursday's ETF with Unusual Volume: DGRWThursday's ETF with Unusual Volume: DGRW
Related symbols: DGRW,CMCSA,AAPL,BIG,WU
Daily Dividend Report: SSS, PNC, RPM, WST, MWDaily Dividend Report: SSS, PNC, RPM, WST, MW
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Daily Dividend Report: GIS, STZ, MKC, AFG, WSODaily Dividend Report: GIS, STZ, MKC, AFG, WSO
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Daily Dividend Report: FCH, ADK, TKDaily Dividend Report: FCH, ADK, TK
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Fed Tapers Bond BuyingFed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in FebruaryNonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
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Daily Market Wrap: May 7, 2012 | Market News Video | Copyright © 2008 - 2015, All Rights Reserved

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