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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.

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 (FDO)

For Marketnewsvideo.com, I'm Sayoko Murase.

Daily Market Wrap: January 2, 2012 picture
Thursday 9/3 Insider Buying Report: AHH, IECThursday 9/3 Insider Buying Report: AHH, IEC
Related symbols: AHH,IEC
Wednesday 9/2 Insider Buying Report: AOD, WYWednesday 9/2 Insider Buying Report: AOD, WY
Related symbols: AOD,WY
Tuesday 9/1 Insider Buying Report: SNR, CXWTuesday 9/1 Insider Buying Report: SNR, CXW
Related symbols: SNR,CXW
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S&P 500 Movers: JOY, FTRS&P 500 Movers: JOY, FTR
Related symbols: JOY,FTR
Nasdaq 100 Movers: NFLX, MDLZNasdaq 100 Movers: NFLX, MDLZ
Related symbols: NFLX,MDLZ
Dow Movers: CAT, CVXDow Movers: CAT, CVX
Related symbols: CAT,CVX
S&P 500 Analyst Moves: COFS&P 500 Analyst Moves: COF
Related symbols: COF
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S&P 500 Analyst Moves: RTNS&P 500 Analyst Moves: RTN
Related symbols: RTN
Dow Analyst Moves: AAPLDow Analyst Moves: AAPL
Related symbols: AAPL
Wednesday Sector Laggards: Precious Metals, Entertainment StocksWednesday Sector Laggards: Precious Metals, Entertainment Stocks
Related symbols: HMY,GFI,SFXE,EROS
Wednesday Sector Leaders: Defense, DrugsWednesday Sector Leaders: Defense, Drugs
Related symbols: HII,LMT,TRVN,RPTP
Tuesday Sector Laggards: Metals & Mining, Oil & Gas Exploration & Production StocksTuesday Sector Laggards: Metals & Mining, Oil & Gas Exploration & Production Stocks
Related symbols: ACI,BTU,PGH,TPLM
VWO, AGND: Big ETF OutflowsVWO, AGND: Big ETF Outflows
Related symbols: VWO,AGND,MBT,SPP
VOO, ITF: Big ETF InflowsVOO, ITF: Big ETF Inflows
Related symbols: VOO,ITF
Wednesday's ETF with Unusual Volume: FTCSWednesday's ETF with Unusual Volume: FTCS
Related symbols: FTCS,CSCO,XOM,LMT,CMI
Daily Dividend Report: AVB, HOG, TSS, SNV, PNYDaily Dividend Report: AVB, HOG, TSS, SNV, PNY
Related symbols: AVB,HOG,TSS,SNV,PNY
Daily Dividend Report: GGP, PKG, LAMR, COR, STC, GEF, SALMDaily Dividend Report: GGP, PKG, LAMR, COR, STC, GEF, SALM
Related symbols: GGP,PKG,LAMR,COR,STC,GEF,SALM
Daily Dividend Report: EXR, MBFI, WSBC, ANDE, UVE, HRS, WIBCDaily Dividend Report: EXR, MBFI, WSBC, ANDE, UVE, HRS, WIBC
Related symbols: EXR,MBFI,WSBC,ANDE,UVE,HRS,WIBC
Fed Tapers Bond BuyingFed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in FebruaryNonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
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Related symbols: BAC,AMAT,AAPL,S,SYY
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Related symbols: BAC,MU,AAPL,SUNE,FB
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Related symbols: BAC,FTR,AAPL,INTC,MNKD
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Related symbols: BAC,AAPL,VALE,T
Week Ahead Market Report: May 4, 2015Week Ahead Market Report: May 4, 2015
Related symbols: BAC,AAPL,MSFT,ICLD,NOK
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Daily Market Wrap: January 2, 2012 | Market News Video | Copyright © 2008 - 2015, All Rights Reserved

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