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Daily Wrap: March 26, 2012
Monday, March 26, 5:03 PM ET

Stocks were strong today sparked by early comments from Fed Chairman Ben Bernanke that the central bank will continue to help the economy with monetary stimulus. The major averages paused a bit midday on an unexpected drop in pending home sales, but gained speed in the last couple hours of trading. In late afternoon trading, the Nasdaq was trading higher by 1.6%, the S&P 500 jumped 1.3% and the Dow was up almost 1.2%.

Among big winners - Arena Pharmaceuticals (ARNA) shot up on news its weight loss drug is being reviewed in Europe. The FDA is expected to look at the drug in May of this year.

And Lions Gate Entertainment (LGF) was up 4.5% today after strong box office results this week. This prompted Stifel Nicolaus raised its price target to $19. Lions Gate was trading above $15 today.

And Qualcomm (QCOM) shares rallied on positive comments from Morgan Stanley. The analyst said higher average selling prices of 3G phones and new products should benefit earnings at the company. In the report, Morgan Stanley set a $78 price target.

Tomorrow, traders will be looking at a report on consumer confidence and midday comments from Ben Bernanke.

For MarketNewsVideo.com, I'm Kristin Bianco.

Daily Wrap:  March 26, 2012
Wednesday 5/1 Insider Buying Report: CLF, HWBKWednesday 5/1 Insider Buying Report: CLF, HWBK
Related symbols: CLF,HWBK
Wednesday 5/1 Insider Buying Report: NBBK, MCBSWednesday 5/1 Insider Buying Report: NBBK, MCBS
Related symbols: NBBK,MCBS
Tuesday 4/30 Insider Buying Report: ATNI, ASPITuesday 4/30 Insider Buying Report: ATNI, ASPI
Related symbols: ATNI,ASPI
S&P 500 Analyst Moves: SPGIS&P 500 Analyst Moves: SPGI
Related symbols: SPGI
Dow Analyst Moves: DOWDow Analyst Moves: DOW
Related symbols: DOW
S&P 500 Analyst Moves: LHXS&P 500 Analyst Moves: LHX
Related symbols: LHX
Wednesday Sector Laggards: Music & Electronics Stores, SemiconductorsWednesday Sector Laggards: Music & Electronics Stores, Semiconductors
Related symbols: GIC,VRT,SWKS,POET
Wednesday Sector Leaders: Cigarettes & Tobacco, Television & Radio StocksWednesday Sector Leaders: Cigarettes & Tobacco, Television & Radio Stocks
Related symbols: ISPR,XXII,ATUS,EVC
Tuesday Sector Laggards: Education & Training Services, Precious MetalsTuesday Sector Laggards: Education & Training Services, Precious Metals
Related symbols: CHGG,UDMY,GFI,SBSW
Nasdaq 100 Movers: SBUX, VRSKNasdaq 100 Movers: SBUX, VRSK
Related symbols: SBUX,VRSK,CDW,AMZN
S&P 500 Movers: CVS, TECHS&P 500 Movers: CVS, TECH
Related symbols: CVS,TECH,SBUX,DD
Dow Movers: NKE, AMZNDow Movers: NKE, AMZN
Related symbols: NKE,AMZN,MCD,JNJ
Daily Dividend Report: WFC,BDX,PCAR,KHC,PEPDaily Dividend Report: WFC,BDX,PCAR,KHC,PEP
Related symbols: WFC,BDX,PCAR,KHC,PEP
Daily Dividend Report: IBM,WMB,HON,LIN,GPCDaily Dividend Report: IBM,WMB,HON,LIN,GPC
Related symbols: IBM,WMB,HON,LIN,GPC
Daily Dividend Report: SWK,CNP,DPZ,LDOS,ARMKDaily Dividend Report: SWK,CNP,DPZ,LDOS,ARMK
Related symbols: SWK,CNP,DPZ,LDOS,ARMK
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
Weekly Market Wrap: August 14, 2015Weekly Market Wrap: August 14, 2015
Related symbols: BAC,AMAT,AAPL,S,SYY
Weekly Market Wrap: August 7, 2015Weekly Market Wrap: August 7, 2015
Related symbols: SUNE,BAC,CHK,GRPN,AAPL
Weekly Market Wrap: July 31, 2015Weekly Market Wrap: July 31, 2015
Related symbols: BAC,MU,AAPL,SUNE,FB
Week Ahead Market Report: June 8, 2015Week Ahead Market Report: June 8, 2015
Related symbols: BAC,FTR,AAPL,INTC,MNKD
Week Ahead Market Report: May 18, 2015Week Ahead Market Report: May 18, 2015
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
MNV
MNV
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Daily Wrap: March 26, 2012 | Market News Video | Copyright © 2008 - 2024, All Rights Reserved

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