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Daily Market Wrap: December 3, 2012
Monday, December 3, 5:26 PM ET

Stocks remained in negative territory for most of the day as investors worried about the looming fiscal cliff, even as House Republicans submitted a deal to the President. The GOP today unveiled a plan that reportedly includes tax and healthcare reforms, but keeping so called Bush tax cuts in place. The Dow closed down .46%, the S&P was lower by .47% and the Nasdaq was down .27%.

Adding to the bearish mood was lower-than-expected manufacturing data for November. The Institute for Supply Management's monthly survey showed a contraction after two months of mild expansion.

Among stocks bucking the trend today, Dell Computer (DELL). That stock was up 4.4% after an upgrade by Goldman to buy from sell. The analyst said Dell has built up a solid cash reserve. Also squeezing out gains today on the Dow - American Express (NYSE:AXP), Cisco (NASDAQ:CSCO) and Pfizer (NYSE:PFE).

For Marketnewsvideo.com, I'm Kristin Bianco.

Daily Market Wrap: December 3, 2012 picture
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S&P 500 Movers: WYNN, SPLSS&P 500 Movers: WYNN, SPLS
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Tuesday Sector Laggards: Music & Electronics Stores, Precious MetalsTuesday Sector Laggards: Music & Electronics Stores, Precious Metals
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Friday Sector Leaders: Music & Electronics Stores, Information Technology ServicesFriday Sector Leaders: Music & Electronics Stores, Information Technology Services
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Tuesday's ETF with Unusual Volume: FRNTuesday's ETF with Unusual Volume: FRN
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Tuesday's ETF Movers: IYT, XOPTuesday's ETF Movers: IYT, XOP
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SH, FXS: Big ETF OutflowsSH, FXS: Big ETF Outflows
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Daily Dividend Report: JE, TSS, EGAS, EDUC, EFSC, WSBCDaily Dividend Report: JE, TSS, EGAS, EDUC, EFSC, WSBC
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Daily Dividend Report: EIX, RRC, LRCX, LINE, LNCO, PKG, BIG, BWSDaily Dividend Report: EIX, RRC, LRCX, LINE, LNCO, PKG, BIG, BWS
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Daily Market Wrap: December 3, 2012 | Market News Video | Copyright © 2008 - 2014, All Rights Reserved

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