Daily Market Wrap: January 11, 2012 Wednesday, January 11, 3:56 PM ET
After a rally in the previous session, investors were a little more subdued today on renewed fears over the European debt crisis.
The Federal Reserve came out with its latest Beige Book report this afternoon, which showed modest expansion for the US economy in late November and December.
Meanwhile, the Mortgage Bankers Association is reporting an increase in weekly mortgage applications in the first week of the year.
On the earnings front, homebuilder Lennar (NYSE:
LEN) reported a drop in quarterly profit, but revenue results came in ahead of estimates.
Shares of Lennar are trading higher today as are rivals DR Horton (NYSE:
DHI) and Toll Brothers (NYSE: TOL).
Just one day after naming a new CEO, Urban Outfitters (NASDAQ:
URBN) is dragging down the S&P 500 after it was downgraded from buy to sell by Citigroup (NYSE: C).
Other companies which were downgraded today, Coca Cola (NYSE:
KO) and Pepsi (NYSE: PEP), which both had its ratings cut by UBS from buy to neutral.
Tomorrow, we'll take a look at the numbers for weekly jobless claims, as well as retail sales.
For Marketnewsvideo.com, I'm Sayoko Murase.
Friday Sector Laggards: Precious Metals, Trucking Stocks
Related symbols: CDE, HL, SWFT, KNX
Friday Sector Leaders: Sporting Goods & Activities, Music & Electronics Stores
Related symbols: CLUB, GOLF, CONN, VOXX
Thursday Sector Laggards: Defense, Precious Metals
Related symbols: AJRD, NOC, MAG, AUMN
Friday's ETF with Unusual Volume: IGV
Related symbols: IGV, MSFT, ZNGA, VRNT
Friday's ETF Movers: PJP, GDXJ
Related symbols: MDCO, BMY, SVM.CA, MUX, GDXJ, PJP
LQD, UBR: Big ETF Outflows
Related symbols: LQD, UBR
Daily Dividend Report: GE, BMY, ABT, ECL, EIX, VTR, CAG
Related symbols: GE, BMY, ABT, ECL, EIX, VTR, CAG
Daily Dividend Report: SYK, WPC, CPLA, CSCO, MO, GD, DE, HES, HAS
Related symbols: SYK, WPC, CPLA, CSCO, MO, GD, DE, HES, HAS
Daily Dividend Report: MA, ZTS, PM, DHR, RCL, SPLS, VMI
Related symbols: MA, ZTS, PM, DHR, RCL, SPLS, VMI
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
Daily Market Wrap: January 11, 2012
| Market News Video | Copyright © 2008 - 2016, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.