Daily Market Wrap: January 4, 2011 Wednesday, January 4, 4:01 PM ET
The markets tried to hold onto yesterday's gains, which proved to be a challenge after the return of worries over the European debt crisis.
On the economic front, the Mortgage Bankers Associatiion reported a 4.1 percent decline in mortgage applications in the last week of 2011.
Also in economic news, November saw a 1.8 percent increase in factory orders, thanks to more demand for airplanes.
Internet search engine Yahoo (NASDAQ:
YHOO) will reportedly name PayPal President Scott Thompson as CEO.
Yahoo has been struggling with competition from newer companies, such as Google (NASDAQ:
GOOG) and Facebook.
T) has settled a patent infringement dispute with Tivo (NASDAQ: TIVO). As part of the agreement, AT&T will pay Tivo a minimum of $215 million and additional monthly licensing fees.
Shares of Eastman Kodak (
EK) are sharply lower today after news that the company could be preparing to file for bankruptcy.
This comes after a warning from NYSE that it could be kicked off the exchange, unless share prices pick up over the next 6 months.
Tomorrow, we'll take a look at the ADP Employment report, chain store sales, as well as earnings from Monsanto (NYSE:
For Marketnewsvideo.com, I'm Sayoko Murase.
Thursday Sector Leaders: Communications Services, Agriculture & Farm Products
Related symbols: ETAK, CRCM, GRO, CRESY
Thursday Sector Laggards: Music & Electronics Stores, General Contractors & Builders
Related symbols: RSH, CONN, HXM, MHO
Wednesday Sector Leaders: Biotechnology, Rubber & Plastics
Related symbols: APRI, IMGN, CXDC, KRA
Thursday's ETF with Unusual Volume: PXE
Related symbols: PXE, SD, VLO, CRK
Thursday's ETF Movers: FCG, ITB
Related symbols: KWK, UPL, UFPI, MHO, ITB, FCG
RSX, EET: Big ETF Outflows
Related symbols: RSX, EET, MBT, YNDX
Daily Dividend Report: MS, PPG, DFS, SLB, GS
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Daily Dividend Report: SHW, SWK, O, GT, SM, SPN
Related symbols: SHW, SWK, O, GT, SM, SPN
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Related symbols: CSX, NTRS, FRC, NGLS, BTE
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Daily Market Wrap: January 4, 2011
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