Daily Market Wrap: May 9, 2012 Wednesday, May 9, 5:07 PM ET
The markets managed to come off of their worst lows of the day but remained in negative territory, as concerns over the euro zone continue to weigh on the minds of investors.
On the economic front, weekly mortgage applications rose by 1.7 percent last week, according to the Mortgage Bankers Association.
Meanwhile, the Commerce Department is reporting a 0.3 percent in wholesale inventories in March, which was less than economists expected.
In earnings news, Macy's (NYSE:
M) beat expectations, thanks to strong online sales. The department store retailer also maintained its full year profit forecast.
DIS) also managed to beat earnings forecasts in the second quarter, prompting several brokerages to up their price target on the company.
Tomorrow, we'll take a look at the numbers for weekly jobless claims as well as earnings results from Kohl's (NYSE:
KSS) and Nordstrom (NYSE: JWN).
For Marketnewsvideo.com, I'm Sayoko Murase.
Tuesday Sector Laggards: Drugs, Biotechnology Stocks
Related symbols: ADHD, CNCE, FOLD, CASC
Tuesday Sector Leaders: Oil & Gas Exploration & Production, Cigarettes & Tobacco Stocks
Related symbols: BCEI, CWEI, UVV, XXII
Friday Sector Laggards: Music & Electronics Stores, Oil & Gas Refining & Marketing Stocks
Related symbols: GME, CONN, AMRS, BAK
Tuesday's ETF with Unusual Volume: RLY
Related symbols: RLY, XLE, DBC, DBO, PAGG
Tuesday's ETF Movers: GDXJ, KRE
Related symbols: SAND, RIC, CFG, RF, KRE, GDXJ
GDX, MMTM: Big ETF Outflows
Related symbols: GDX, MMTM, ABX, NEM, AMZN, MSFT
Daily Dividend Report: LNT, EPR, SO, ADP, FE, UNM, NNN
Related symbols: LNT, EPR, SO, ADP, FE, UNM, NNN
Daily Dividend Report: BLK, CL, PAYX, KEY, FRC, LEN
Related symbols: BLK, CL, PAYX, KEY, FRC, LEN
Daily Dividend Report: SJR, OHI, GEL, QCOM, TGT, MMC, EV
Related symbols: SJR, OHI, GEL, QCOM, TGT, MMC, EV
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 9, 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.