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.
Analyst Moves: ORCL, HK, KSS
Related symbols: ORCL, HK, KSS, BMO, MS, BAC
Analyst Moves: TUMI, ARO, C, SJM
Related symbols: TUMI, ARO, C, SJM, GS, JEF, DB, WFC
Analyst Moves: BBT, JCI, STLD, WHR
Related symbols: BBT, JCI, STLD, WHR, MS, JEF
Thursday Sector Leaders: Music & Electronics Stores, Shipping Stocks
Related symbols: CONN, RCII, NM, BALT
Thursday Sector Laggards: Apparel Stores, Water Utilities
Related symbols: WTSL, NWY, PCYO, CWCO
Wednesday Sector Leaders: Precious Metals, Shipping Stocks
Related symbols: ANV, SA, EGLE, GNK
Thursday's ETF with Unusual Volume: REZ
Related symbols: REZ, BRE, EQR, ESS, AIV
Thursday's ETF Movers: XME, GDXJ
Related symbols: SLCA, BTU, CSI.CA, OGC.CA, GDXJ, XME
FVD, FVL: Big ETF Outflows
Related symbols: FVD, FVL, AAPL, WMK, AMKR, SPR
Daily Dividend Report: VZ, RAI, CCJ, VVI
Related symbols: VZ, RAI, CCJ, VVI
Daily Dividend Report: TD, BDC, GES, HI, ETH
Related symbols: TD, BDC, GES, HI, ETH
Daily Dividend Report: RY, GD, HES, RCL, DIS
Related symbols: RY.GD, HES, RCL, DIS
Weekly Market Wrap: November 22, 2013
Related symbols: TGT, SHLD, FL, ANF
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Related symbols: MCD, WMT, KSS, M
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Related symbols: TWTR, DUK, D, CVS, K
Week Ahead Market Report: December 2, 2013
Related symbols: BMO, ARO, GES, ALCO, DMND, AEO
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Related symbols: ADI, EV, HRL, GLNG, RENN
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Related symbols: BBY, DE, ADTG, GPS
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Daily Market Wrap: June 5, 2012
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