Daily Market Wrap: August 20, 2012 Monday, August 20, 5:05 PM ET
U.S. stocks were little changed on Monday, after the S&P 500 Index rose to its highest level since April, as investor concern about Europe's debt crisis offset a rally.
Best Buy (NYSE:
BBY) stock was lower after its founder declined an offer from the board to conduct due diligence and appraoch shareholders with his buyout offer.
Waste Management (NYSE:
WM) fell by 3.3 percent after Barron's reported the stock may fall as much as 15 percent because of operating performance.
Corinthian Colleges (
COCO) forecast revenue in the first quarter will be no more than $405 million, missing the estimates of $406.4 million.
Apple rose by 2.5 percent to $664.10, as the stock continues to rise speculation that production has started on a smaller version of the iPad tablet and a new television product.
For MarketNewsVideo.com, I'm Tracey Fitzpatrick.
Tuesday Sector Laggards: Drugs, Waste Management Stocks
Related symbols: OCUL, NOVN, CECE, WCN
Tuesday Sector Leaders: General Contractors & Builders, Paper & Forest Products
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Monday Sector Laggards: Oil & Gas Exploration & Production, Defense Stocks
Related symbols: XCO, REXX, ARTX, KTOS
Tuesday's ETF with Unusual Volume: XRLV
Related symbols: XRLV, PFE, GE, IBM, JNJ
Tuesday's ETF Movers: XME, VOX
Related symbols: ATI, CENX, VZ, GSAT, VOX, XME
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Related symbols: ED, WEC, SLB, TXN, DFS
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Daily Market Wrap: August 20, 2012
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