Daily Market Wrap: January 2, 2012 Wednesday, 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.
CAR) announced it is acquiring Zipcar for $491.2 million, sending shares of the car sharing company up more than 48 percent this morning.
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:
For Marketnewsvideo.com, I'm Sayoko Murase.
Wednesday Sector Leaders: Biotechnology, Rubber & Plastics
Related symbols: APRI, IMGN, CXDC, KRA
Wednesday Sector Laggards: Music & Electronics Stores, Precious Metals
Related symbols: RSH, CONN, AEM, THM
Tuesday Sector Leaders: Electric Utilities, Oil & Gas Exploration & Production Stocks
Related symbols: ED, PPL, FXEN, MPO
Wednesday's ETF with Unusual Volume: IGM
Related symbols: IGM, FB, YHOO, JCOM, ADTN
Wednesday's ETF Movers: FBT, GDX
Related symbols: IMGN, ITMN, AEM, ASR.CA, GDX, FBT
FDN, RUSS: Big ETF Outflows
Related symbols: FDN, RUSS, AMZN, FB
Daily Dividend Report: SHW, SWK, O, GT, SM, SPN
Related symbols: SHW, SWK, O, GT, SM, SPN
Daily Dividend Report: CSX, NTRS, FRC, NGLS, BTE
Related symbols: CSX, NTRS, FRC, NGLS, BTE
Daily Dividend Report: CPG, WHR, VET, SE, NNN
Related symbols: CPG, WHR, VET, SE, NNN
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Daily Market Wrap: January 2, 2012
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