Detailed text transcripts for TV channel - MSNBC - 20110512:21:34:00
I'm sue herera with your cnbc market wrap. stocks clogged back half of wednesday's declines. with a 65-point jump for the dow. an 18-point gain on the nasdaq. investors continued a derisking trend today as the dollar weakened and oil prices staged a mild rebound. and we had at least half dozen of defense and consumer stocks hitting new highs. talk about defensive, the utilities have been outpacing stocks on the s&p 500 as investors rotate out of the more economically sensitive sectors. and retailers were looking strong after kohl's raised its profit forecast. and looking back to april, onl...
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