Daily Market Wrap: October 1, 2012 Monday, October 1, 4:28 PM ET
A hopeful sign for the manufacturing sector gave the markets a boost this morning, as Federal Reserve Chairman Ben Bernanke defended QE3 and pledged to keep rates low.
The Institute for Supply Management is reporting growth in the manufacturing sector for the first time in three months, as the index rose to 51.5 in September.
That reading was better than economists' expectations.
Meanwhile, the Commerce Department said that construction spending fell 0.6 percent in August, while economists were expecting a gain of 0.5 percent.
On the M&A front, 3M (NYSE:
MMM) announced it is planning to acquire Ceradyne ( CRDN) in a deal worth $670 million, excluding cash and equivalents.
Shares of Ceradyne rallied on the news today.
Tenet Healthcare (NYSE:
THC) also edged higher today after the hospital operator announced a 4-to-1 reverse stock split in an effort to speed up growth.
Tomorrow, we'll take a look at the numbers for monthly auto sales.
For Marketnewsvideo.com, I'm Sayoko Murase.
Tuesday Sector Laggards: Drugs, Biotechnology Stocks
Related symbols: CLCD, XNPT, EXAS, ILMN
Tuesday Sector Leaders: Oil & Gas Exploration & Production, Rental, Leasing, & Royalty Stocks
Related symbols: UNT, SGY, ROYT, SDR
Monday Sector Laggards: Water Utilities, Sporting Goods & Activities
Related symbols: CDZI, AWR, CLUB, WBAI
EWG, LABD: Big ETF Outflows
Related symbols: EWG, LABD
RSX, EUFX: Big ETF Inflows
Related symbols: RSX, EUFX, MBT, YNDX
Tuesday's ETF with Unusual Volume: CWI
Related symbols: CWI, VALE, ITUB, FM.CA, CTC.A.CA
Daily Dividend Report: ALB, TEP, TEGP, MVO
Related symbols: ALB, TEP, TEGP, MVO
Daily Dividend Report: GG, AYI, R, TK, WDFC, TNK
Related symbols: GG, AYI, R, TK, WDFC, TNK
Daily Dividend Report: THO, CVS, ZTS, SSS, FUL, CMRE, ALG
Related symbols: THO, CVS, ZTS, SSS, FUL, CMRE, ALG
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
Daily Market Wrap: October 1, 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.