Daily Market Wrap: January 2, 2012Wednesday, January 2, 4:12 PM ET
A strong open on Wall Street on this first trading day of the year, as lawmakers reached an agreement to avert the fiscal cliff.
The Institute for Supply Management's non-manufacturing index increased to 50.7 in December, exceeding economists' expectations.
Construction spending for November fell for the first time in eight months, down 0.3 percent in November to an annual rate of $866 billion.
Avis (NASDAQ:CAR ) announced it is acquiring Zipcar for $491.2 million, sending shares of the car sharing company up more than 48 percent this morning.
Facebook (NASDAQ:FB ) also rallied today after JP Morgan (NYSE:JPM ) upped its price target on the company from $29 to $35.
Tomorrow, we'll take a look at the ADP employment report, chain store sales as well as earnings from Family Dollar (NYSE:FDO )
For Marketnewsvideo.com, I'm Sayoko Murase.
Analyst Moves: CRM, CRUS, MRVL
Related symbols: CRM ,CRUS ,MRVL
Analyst Moves: PHM, PG, GPS
Related symbols: PHM ,PG ,GPS ,UBS
Analyst Moves: P, WSM, WFT
Related symbols: P ,WSM ,WFT ,CS ,UBS
Friday Sector Leaders: Education & Training Services, Metals & Mining Stocks
Related symbols: COCO ,CECO ,LSG ,UEC
Friday Sector Laggards: Auto Parts, Music & Electronics Stores
Related symbols: XIDE ,GME ,CONN
Thursday Sector Leaders: Apparel Stores, General Contractors & Builders
Related symbols: RUE ,PSUN ,CVCO ,CHCI
Friday's ETF with Unusual Volume: KIE
Related symbols: KIE ,AIG ,GNW ,FNF ,AGO
Friday's ETF Movers: ICLN, LIT
Related symbols: YGE ,SZYM ,XIDE ,ULBI ,LIT ,ICLN
SLV, CHIM: Big ETF Outflows
Related symbols: SLV ,CHIM
Daily Dividend Report: ANF, FLS, IPG, A, VNR
Related symbols: ANF ,FLS ,IPG ,A ,VNR
Daily Dividend Report: TUP, HD, PCP, CBS, CME
Related symbols: TUP ,HD ,PCP ,CBS ,CME
Daily Dividend Report: TMO, AAP, HAS, AINV, HPQ
Related symbols: TMO ,AAP ,HAS ,AINV ,HPQ
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Related symbols: LOW ,BBY ,TGT ,HD
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Related symbols: WMT ,DE ,M
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Related symbols: WFM ,TSLA ,DIS ,EA
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Related symbols: A ,CSCO ,AMAT ,ADSK
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Related symbols: BRK.B ,ARCC ,DTV ,NWSA ,PCLN ,PSA ,SLW
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Related symbols: OSK ,TRLA ,MRK ,ANR ,SE
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