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: Consumer Services, Biotechnology Stocks
Related symbols: WTW, ASCMA, ATRA, IBIO
Friday Sector Leaders: Precious Metals, Apparel Stores
Related symbols: PZG, PAL, ROST, BOOT
Thursday Sector Laggards: Oil & Gas Exploration & Production, Rental, Leasing, & Royalty Stocks
Related symbols: CWEI, HERO, BPT, HGT
Friday's ETF with Unusual Volume: IYLD
Related symbols: IYLD, GE, PFE, WMC, JMI
Friday's ETF Movers: GDX, XBI
Related symbols: CDE, BVN, PRTA, INFI, XBI, GDX
XHB, CHII: Big ETF Outflows
Related symbols: XHB, CHII, SPF, RYL, HOLI
Daily Dividend Report: MJN, ROST, GPS, WYN, DLR, ECL, PPL
Related symbols: MJN, ROST, GPS, WYN, DLR, ECL, PPL
Daily Dividend Report: TD, CM, CB, PLD, KSS, ESS, TMO, ACE, CI
Related symbols: TD, CM, CB, PLD, KSS, ESS, TMO, ACE, CI
Daily Dividend Report: HD, CMCSA, BMO, CTL, UFS, MLI
Related symbols: HD, CMCSA, BMO, CTL, UFS, MLI
Weekly Market Wrap: February 27, 2015
Related symbols: BAC, AAPL, JCP, GE, CMCSA
Weekly Market Wrap: February 13, 2015
Related symbols: ZNGA.BAC, GRPN, AAPL, HON, FDX, CSCO, UPS, TWX, UNH
Weekly Market Wrap: February 6, 2015
Related symbols: BAC, TWTR, FTR, SIRI, GE, PEP
Week Ahead Market Report: February 23, 2015
Related symbols: AAPL, BAC, HLSS, NBG, SLXP
Week Ahead Market Report: February 9, 2015
Related symbols: BAC, AAPL, TWTR, NBG, DF, TAP, CG, CSCO, AIG, SJM
Week Ahead Market Report: February 2, 2015
Related symbols: BAC, AAPL, MSFT, FB, AET, GM, P, AON
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.