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.
New Analyst Coverage: ING, KO, SPN
Related symbols: ING ,KO ,SPN ,UBS ,CS
Analyst Moves: AIG, ADBE, BLL
Related symbols: AIG ,ADBE ,BLL ,DB ,BAC
Analyst Moves: BBRY, CLF, AEO
Related symbols: BBRY ,CLF ,AEO ,BAC ,C
Wednesday Sector Leaders: Real Estate, Oil & Gas Refining & Marketing Stocks
Related symbols: AVHI ,ARL ,SYMX ,GEVO
Wednesday Sector Laggards: Waste Management, General Contractors & Builders
Related symbols: SWSH ,VE ,HXM ,CHCI
Tuesday Sector Leaders: Agriculture & Farm Products, Entertainment
Related symbols: CERE ,AGRO ,PRXI ,SIX
Wednesday's ETF with Unusual Volume: IWC
Related symbols: IWC ,MNKD ,TCRD ,AVHI ,OSH
FXI, FPA: Big ETF Outflows
Related symbols: FXI ,FPA ,C
XLE, IPD: Big ETF Inflows
Related symbols: XLE ,IPD ,XOM ,CVX ,MG.CA ,TRI.CA
Daily Dividend Report: LLL, MA, BXP, EPR, CWCO
Related symbols: LLL ,MA ,BXP ,EPR ,CWCO
Mortgage REIT Dividend Report: HTS, NYMT, AGNC, MTGE
Related symbols: HTS ,NYMT ,AGNC ,MTGE
Daily Dividend Report: FITB, IVR, AMTG, SUI, USB
Related symbols: FITB ,IVR ,AMTG ,SUI ,USB
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Related symbols: TIF ,SFD ,S
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Related symbols: ADBE ,LZB ,FDX ,RSH ,ORCL
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