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: YHOO, CPB, EV
Related symbols: YHOO ,CPB ,EV ,OPY ,BAC ,JEF
Analyst Moves: PCLN, MSFT, LMCA
Related symbols: PCLN ,MSFT ,LMCA ,UBS
Analyst Moves: CCL, OIS
Related symbols: CCL ,OIS ,CS ,UBS
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Related symbols: GNK ,FRO ,COCO ,ESI
Tuesday Sector Laggards: Music & Electronics Stores, Precious Metals
Related symbols: HGG ,BBY ,RBY ,PAL
Monday Sector Leaders: Metals & Mining, Precious Metals
Related symbols: JRCC ,DNN ,PAL ,REE
Tuesday's ETF with Unusual Volume: IXN
Related symbols: IXN ,MSFT ,CSCO ,TDC ,NTAP
Tuesday's ETF Movers: KWT, GDXJ
Related symbols: YGE ,STP ,AUN.CA ,BRD ,GDXJ ,KWT
URA, GLDX: Big ETF Outflows
Related symbols: URA ,GLDX ,DML.CA ,CCO.CA ,XRC.CA ,RMX.CA
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Related symbols: XRX ,DGX ,DKS ,UVV ,AWR
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Related symbols: JPM ,ALL ,HRL ,VAL ,JOY
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Related symbols: UMPQ ,SJT ,CRT ,AVIV ,SPAN
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