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 Laggards: Trucking, Grocery & Drug Stores
Related symbols: CGI, USAK, IMKTA, SFS
Tuesday Sector Leaders: Shipping, Oil & Gas Exploration & Production Stocks
Related symbols: NM, DSX, HK, NADL
Monday Sector Laggards: Shipping, Oil & Gas Exploration & Production Stocks
Related symbols: GOGL, ULTR, CIE, ORIG
Tuesday's ETF with Unusual Volume: ARGT
Related symbols: ARGT, PAAS, SSRI, IRS, ARCO
Tuesday's ETF Movers: XBI, RHS
Related symbols: XNCR, MGNX, HRL, TSN, RHS, XBI
SPHQ, SPVU: Big ETF Outflows
Related symbols: SPHQ, SPVU, HD, MCD, JPM, BAC
Daily Dividend Report: MA, BA, NRZ, BKU, CLC, NYRT
Related symbols: MA, BA, NRZ, BKU, CLC, NYRT
Daily Dividend Report: AYI, BBCN, WAYN
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Daily Dividend Report: MDT, DTE, T, MAS, UDR, LEN
Related symbols: MDT, DTE, T, MAS, UDR, LEN
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Daily Market Wrap: June 5, 2012
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