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 (NASDAQ:
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.
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Wednesday Sector Leaders: Biotechnology, Rubber & Plastics
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Thursday's ETF with Unusual Volume: PXE
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Daily Market Wrap: August 20, 2012
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