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.
Friday Sector Laggards: Trucking, Cigarettes & Tobacco Stocks
Related symbols: SWFT, KNX, XXII, AOI
Friday Sector Leaders: Education & Training Services, Music & Electronics Stores
Related symbols: ESI, CECO, HGG, GME
Thursday Sector Laggards: Oil & Gas Exploration & Production, Railroads
Related symbols: HERO, ECR, CP, GSH
Friday's ETF with Unusual Volume: RYT
Related symbols: RYT, AAPL, INTC, ALTR, WDC
Friday's ETF Movers: PIN, ILF
Related symbols: TCS, VEDL, SID, CIG, ILF, PIN
JNK, FTSM: Big ETF Outflows
Related symbols: JNK, FTSM, FTSL, USD
Daily Dividend Report: LOW, CSCO, BLK, RTN, HOT, IRM, BIG
Related symbols: LOW, CSCO, BLK, RTN, HOT, IRM, BIG
Daily Dividend Report: HPQ, TIF, MCK, DG, BDC, DRH
Related symbols: HPQ, TIF, MCK, DG, BDC, DRH
Daily Dividend Report: MRK, DE, ESS, STR, DSW, MOV
Related symbols: MRK, DE, ESS, STR, DSW, MOV
Weekly Market Wrap: May 29, 2015
Related symbols: AAPL, BAC, PFE, INTC
Weekly Market Wrap: May 22, 2015
Related symbols: BAC, AAPL, ONTY, HPQ
Weekly Market Wrap: May 15, 2015
Related symbols: AAPL, BAC, AMAT
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
Week Ahead Market Report: April 13, 2015
Related symbols: GE, AAPL, BAC, JPM, NOK
All videos » |
Stock market definitions »
Daily Market Wrap: June 5, 2012
| Market News Video | Copyright © 2008 - 2015, 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.