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.
Friday Sector Laggards: Oil & Gas Exploration & Production, Rental, Leasing, & Royalty Stocks
Related symbols: EPE, AAV, VOC, PER
Friday Sector Leaders: Textiles, Banking & Savings
Related symbols: CROX, UA, OSBC, ACBI
Thursday Sector Laggards: Home Furnishings & Improvement, Department Stores
Related symbols: PIR, AAN, FRED, DDS
Friday's ETF with Unusual Volume: MDYG
Related symbols: MDYG, SWN, X, FULT, ARRS
Friday's ETF Movers: KRE, ONEO
Related symbols: RNST, UCBI, CSX, LSXMK, ONEO, KRE
XLI, GDXS: Big ETF Outflows
Related symbols: XLI, GDXS, BA, MMM
Daily Dividend Report: ABT, CPG, AMAT, POT, APA, MAS
Related symbols: ABT, CPG, AMAT, POT, APA, MAS
Daily Dividend Report: CNP, PK, PIR, CAT, EOG, XEL
Related symbols: CNP, PK, PIR, CAT, EOG, XEL
Daily Dividend Report: AMGN, BEN, WDFC, O, XRAY
Related symbols: AMGN, BEN, WDFC, O, XRAY
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 - 2017, 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.