Daily Market Wrap: June 5, 2012 Tuesday, June 5, 5:29 PM ET
An encouraging U.S. service sector report was overshadowed by the ongoing worries over the euro zone as the markets were mixed morning, but managed to make a bit of a recovery later in the day.
The Institute for Supply Management is reporting an increase in the non-manufacturing index, which went up to 53.7 in May, which exceeded economists expectations.
In M&A news, Oracle (NYSE:
ORCL) announced today it will acquire cloud firm Collective Intellect. There's no word on the financial terms of the deal.
Shares of Oracle are trading higher today.
Just yesterday, rival Salesforce.com (NYSE:
CRM) said it would buy Buddy Media for about $745 million, which marks its biggest purchase.
Homebuilders got a boost from a report from CoreLogic that showed an increase in home prices in April. Lennar (NYSE:
LEN) and DR Horton (NYSE: DHI) are among the homebuilders trading higher today.
Tomorrow, we'll take a look at the numbers for weekly mortgage applications as well as oil inventories.
For Marketnewsvideo.com, I'm Sayoko Murase.
Tuesday Sector Leaders: Drugs, Gaming
Related symbols: ZGNX, KYTH, BYD, PNK
Tuesday Sector Laggards: Defense, Education & Training Services
Related symbols: RTX, ASTC, BPI, COCO
Monday Sector Leaders: Auto Parts, Beverages & Wineries
Related symbols: UQM, BLDP, ROX, SODA
Tuesday's ETF with Unusual Volume: SLY
Related symbols: SLY, BYD, JOSB, TESO
Tuesday's ETF Movers: ICF, XOP
Related symbols: BXP, DEI, REN, EGY, XOP, ICF
XHB, EIS: Big ETF Outflows
Related symbols: XHB, EIS, USG, DHI
Daily Dividend Report: CHK, IFF, VMI, VGR
Related symbols: CHK, IFF, VMI, VGR
Daily Dividend Report: VZ, PBA, GNTX, MFA
Related symbols: VZ, PBA, GNTX, MFA
Daily Dividend Report: HRC, TCO, AMT, CVS
Related symbols: HRC, TCO, AMT, CVS
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Related symbols: GD, TCO, HRC
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Related symbols: M, TOL, TGT
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Related symbols: SIG, ZLC, KO, WMT, DISH
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Related symbols: AEO, GMO, DG, ANN
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Related symbols: RSH, BYD, ALG, VLP
Dow Movers: JPM, WMT
Related symbols: JPM, WMT
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Daily Market Wrap: June 5, 2012
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