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: Consumer Services, Biotechnology Stocks
Related symbols: WTW, ASCMA, ATRA, IBIO
Friday Sector Leaders: Precious Metals, Apparel Stores
Related symbols: PZG, PAL, ROST, BOOT
Thursday Sector Laggards: Oil & Gas Exploration & Production, Rental, Leasing, & Royalty Stocks
Related symbols: CWEI, HERO, BPT, HGT
Friday's ETF with Unusual Volume: IYLD
Related symbols: IYLD, GE, PFE, WMC, JMI
Friday's ETF Movers: GDX, XBI
Related symbols: CDE, BVN, PRTA, INFI, XBI, GDX
XHB, CHII: Big ETF Outflows
Related symbols: XHB, CHII, SPF, RYL, HOLI
Daily Dividend Report: MJN, ROST, GPS, WYN, DLR, ECL, PPL
Related symbols: MJN, ROST, GPS, WYN, DLR, ECL, PPL
Daily Dividend Report: TD, CM, CB, PLD, KSS, ESS, TMO, ACE, CI
Related symbols: TD, CM, CB, PLD, KSS, ESS, TMO, ACE, CI
Daily Dividend Report: HD, CMCSA, BMO, CTL, UFS, MLI
Related symbols: HD, CMCSA, BMO, CTL, UFS, MLI
Weekly Market Wrap: February 27, 2015
Related symbols: BAC, AAPL, JCP, GE, CMCSA
Weekly Market Wrap: February 13, 2015
Related symbols: ZNGA.BAC, GRPN, AAPL, HON, FDX, CSCO, UPS, TWX, UNH
Weekly Market Wrap: February 6, 2015
Related symbols: BAC, TWTR, FTR, SIRI, GE, PEP
Week Ahead Market Report: February 23, 2015
Related symbols: AAPL, BAC, HLSS, NBG, SLXP
Week Ahead Market Report: February 9, 2015
Related symbols: BAC, AAPL, TWTR, NBG, DF, TAP, CG, CSCO, AIG, SJM
Week Ahead Market Report: February 2, 2015
Related symbols: BAC, AAPL, MSFT, FB, AET, GM, P, AON
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.