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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
Wednesday 5/24 Insider Buying Report: EML, NSWednesday 5/24 Insider Buying Report: EML, NS
Related symbols: EML,NS
Tuesday 5/23 Insider Buying Report: PATK, DARTuesday 5/23 Insider Buying Report: PATK, DAR
Related symbols: PATK,DAR
Tuesday 5/23 Insider Buying Report: CHDN, WRDTuesday 5/23 Insider Buying Report: CHDN, WRD
Related symbols: CHDN,WRD
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Nasdaq 100 Movers: ALXN, INTUNasdaq 100 Movers: ALXN, INTU
Related symbols: ALXN,INTU
S&P 500 Movers: TIF, INTUS&P 500 Movers: TIF, INTU
Related symbols: TIF,INTU
Dow Movers: HD, GEDow Movers: HD, GE
Related symbols: HD,GE
S&P 500 Analyst Moves: XYLS&P 500 Analyst Moves: XYL
Related symbols: XYL
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Dow Analyst Moves: GEDow Analyst Moves: GE
Related symbols: GE
S&P 500 Analyst Moves: EAS&P 500 Analyst Moves: EA
Related symbols: EA
Wednesday Sector Laggards: Transportation Services, Shipping StocksWednesday Sector Laggards: Transportation Services, Shipping Stocks
Related symbols: BRS,CAI,GOGL,SBLK
Wednesday Sector Leaders: Aerospace & Defense, Defense StocksWednesday Sector Leaders: Aerospace & Defense, Defense Stocks
Related symbols: TGI,BDRBF,KTOS,OA
Tuesday Sector Laggards: Precious Metals, Music & Electronics StoresTuesday Sector Laggards: Precious Metals, Music & Electronics Stores
Related symbols: SVM,EGO,GME,JD
Wednesday's ETF with Unusual Volume: DWASWednesday's ETF with Unusual Volume: DWAS
Related symbols: DWAS,DY,NKTR,STMP
Wednesday's ETF Movers: ILF, GDXJWednesday's ETF Movers: ILF, GDXJ
Related symbols: BBD,PBR,AKG,FSM,GDXJ,ILF
XLV, ULE: Big ETF OutflowsXLV, ULE: Big ETF Outflows
Related symbols: XLV,ULE,JNJ,PFE
Daily Dividend Report: KRC, MRK, CME, BDX, MAA, PFDaily Dividend Report: KRC, MRK, CME, BDX, MAA, PF
Related symbols: KRC,MRK,CME,BDX,MAA,PF
Daily Dividend Report: HRL, EXR, DDS, EXP, CASHDaily Dividend Report: HRL, EXR, DDS, EXP, CASH
Related symbols: HRL,EXR,DDS,EXP,CASH
Daily Dividend Report: ADC, AET, YUM, VAL, WLK, SUIDaily Dividend Report: ADC, AET, YUM, VAL, WLK, SUI
Related symbols: ADC,AET,YUM,VAL,WLK,SUI
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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Related symbols: SUNE,BAC,CHK,GRPN,AAPL
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Related symbols: BAC,MU,AAPL,SUNE,FB
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Related symbols: BAC,FTR,AAPL,INTC,MNKD
Week Ahead Market Report: May 18, 2015Week Ahead Market Report: May 18, 2015
Related symbols: BAC,AAPL,VALE,T
Week Ahead Market Report: May 4, 2015Week Ahead Market Report: May 4, 2015
Related symbols: BAC,AAPL,MSFT,ICLD,NOK
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Daily Market Wrap: May 7, 2012 | Market News Video | Copyright © 2008 - 2017, All Rights Reserved

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