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.
Monday Sector Laggards: Metals & Mining, Oil & Gas Exploration & Production Stocks
Related symbols: NRP, HNRG, PVA, LGCY
Monday Sector Leaders: Trucking, Airlines
Related symbols: YRCW, SAIA, ALGT, SKYW
Friday Sector Laggards: Rental, Leasing, & Royalty, Computer Peripherals
Related symbols: PER, HGT, QLGC, QUMU
Monday's ETF with Unusual Volume: PBP
Related symbols: PBP, AAPL, FTR, TSN
Monday's ETF Movers: XLU, GDX
Related symbols: NEE, FE, GFI, CDE, GDX, XLU
SPY, LABD: Big ETF Outflows
Related symbols: SPY, LABD, AAPL, MSFT
Daily Dividend Report: KMB, PPL, CNA, ALV, CDW, EGN, STR, BWP, MCY
Related symbols: KMB, PPL, CNA, ALV, CDW, EGN, STR, BWP, MCY
Daily Dividend Report: HON, BLK, EMC, LUV, HCN, HCP, STX, AME, ETR, HAS
Related symbols: HON, BLK, EMC, LUV, HCN, HCP, STX, AME, ETR, HAS
Daily Dividend Report: MCK, SU, CBOE, CVX, UNP, HPQ, COF, VNO, MRO, BLL
Related symbols: MCK, SU, CBOE, CVX, UNP, HPQ, COF, VNO, MRO, BLL
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Daily Market Wrap: August 20, 2012
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