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: Precious Metals, Manufacturing Stocks
Related symbols: SAND, SA, CRNT, WSTL
Tuesday Sector Laggards: Agriculture & Farm Products, Oil & Gas Exploration & Production Stocks
Related symbols: GRO, UAN, FST, BPZ
Monday Sector Leaders: Music & Electronics Stores, Drugs
Related symbols: HGG, VOXX, RNA, FPRX
Tuesday's ETF with Unusual Volume: PEJ
Related symbols: PEJ, MGM, DIS, LOCO, BKW
Tuesday's ETF Movers: GDX, XOP
Related symbols: CDE, KGC, GDP, SFY, XOP, GDX
IWM, EFU: Big ETF Outflows
Related symbols: IWM, EFU, WEX, ISIS
Daily Dividend Report: BDX, HRL, VAL, EXR, DSW, CHS
Related symbols: BDX, HRL, VAL, EXR, DSW, CHS
Daily Dividend Report: AET, CATY, ACE, PPL, UGI, DCI, TDS, CY
Related symbols: AET, CATY, ACE, PPL, UGI, DCI, TDS, CY
Daily Dividend Report: NKE, A, FLO, HD, UNP, FDX
Related symbols: NKE, A, FLO, HD, UNP, FDX
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Daily Market Wrap: June 5, 2012
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