The markets made a bit of a recovery today, but investors remain cautious, as they continue to keep a close eye on the debt crisis in Europe, as news out of France and a move by the European Central Bank made for a choppy trading day.
Today's economic data showed some sign of optimism, as initial jobless claims fell to a seasonally adjusted 390,000, that's the lowest level since April.
The Commerce Department said today the US trade deficit narrowed in September, with the trade gap falling 4 percent, to $43.1 billion.
On the earnings front, Cisco Systems (NASDAQ:CSCO) led the way among Dow components, reporting earnings that came out ahead of expectations. Both adjusted earnings and revenue beat analyst estimates as well.
Tim Horton's (NYSE:THI) reported a solid gain in third quarter earnings today, with results that exceeded estimates.
Also reporting a gain in third quarter earnings today was department store Kohl's (NYSE:KSS). The retailer beat the high end of expectations with it's increased full year earnings forecast. Like many retailers, Kohl's is gearing up for the holiday shopping season and plans to be open at midnight on Black Friday.
Disney (NYSE:DIS) and Nordstom (NYSE:JWN) are set to report earnings after the bell tonight, we will bring you those numbers tomorrow, as well as a look at the consumer sentiment report.
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