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.
Thursday Sector Leaders: Consumer Services, Publishing Stocks
Related symbols: SCI, WTW, SSP, NEWM
Thursday Sector Laggards: Music & Electronics Stores, General Contractors & Builders
Related symbols: HGG, RSH, BZH, RYL
Wednesday Sector Leaders: Agriculture & Farm Products, Music & Electronics Stores
Related symbols: CRESY, AGRO, SYX, VOXX
Thursday's ETF with Unusual Volume: MTUM
Related symbols: MTUM, MU, FB, TMUS, LLL
Thursday's ETF Movers: BSCF, XBI
Related symbols: AZN, D, GEVA, AEGR, XBI, BSCF
VGK, GULF: Big ETF Outflows
Related symbols: VGK, GULF, NSRGY, NVS
Daily Dividend Report: SU, MRO, MPC, XOM, CVX, COF, MCK, ABX, AUY, CA
Related symbols: SU, MRO, MPC, XOM, CVX, COF, MCK, ABX, AUY, CA
Daily Dividend Report: WLP, AFL, AMP, LUV, STJ, GWW, KIM, CNX, LUK, CHD, AWK, GCI, ENB
Related symbols: WLP, AFL, AMP, LUV, STJ, GWW, KIM, CNX, LUK, CHD, AWK, GCI, ENB
Daily Dividend Report: IBM, EXC, WYNN, ENR, CLF, VLO, CR, DK
Related symbols: IBM, EXC, WYNN, ENR, CLF, VLO, CR, DK
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Daily Market Wrap: June 5, 2012
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