Daily Market Wrap: May 7, 2012 Video

Stocks were mostly higher on Monday, with financial shares taking the lead, shrugging off doubts that French election results would have a negative impact on Europe's ability to tackle its debt crisis. In corporate news, Vertex Pharmaceuticals (VRTX) was higher by 54.5 percent after data showed that the company's cystic fibrosis drug Kalydeco led to a significant lung function improvement.