Daily Market Wrap: February 21, 2012 Tuesday, February 21, 3:51 PM ET
Investors started the day hoping for a relief rally as Greece gets a reprieve, at least for now, with a 130 billion euro bailout.
The Dow opened the day just shy of 13,000, later rising above the psychologically important level briefly, and we hadn't seen that happen in almost 4 years.
In earnings news, big box retailer Walmart (NYSE:
WMT) posted earnings that fell short of expectations, while Home Depot (NYSE: HD) beat forecasts, as homeowners spent more on renovations.
Also among Dow components, Kraft (
KFT) reported earnings that were in line with expectations and forecast earnings growth of at least 9 percent this year.
Shares of Macy's (NYSE:
M) surged after the iconic department store chain posted a 12 percent increase in quarterly earnings which topped expectations, following a strong holiday shopping season.
Tomorrow, we'll get a look at the numbers for weekly mortgage applications, as well as earnings from Dollar Tree (NASDAQ:
DLTR) and Hewlett Packard (NYSE: HPQ).
For Marketnewsvideo.com, I'm Sayoko Murase.
Analyst Moves: AMAT, ARUN, DE
Related symbols: AMAT, ARUN, DE, GS
Analyst Moves: NOC, GM, GILD
Related symbols: NOC, GM, GILD, CS, C, UBS
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Related symbols: WSM, LTD, ADSK, BAC, JEF, UBS
Friday Sector Leaders: Education & Training Services, Auto Parts
Related symbols: COCO, CECO, XIDE, AXL
Friday Sector Laggards: Precious Metals, Rental, Royalty Trusts
Related symbols: AG, ANV, WHX, ECT
Thursday Sector Leaders: Shipping, Education & Training Services
Related symbols: EGLE, GNK, COCO, BPI
Friday's ETF with Unusual Volume: IYK
Related symbols: IYK, F, TSLA, GT, THS
Friday's ETF Movers: PSCM, PSAU
Related symbols: SWC, KRA, ANV, NGD, PSAU, PSCM
HYG, RUSS: Big ETF Outflows
Related symbols: HYG, RUSS
Daily Dividend Report: AET, DV, RWT, BGS, WMB
Related symbols: AET, DV, RWT, BGS, WMB
Daily Dividend Report: SYY, VTR, HIG, ESS, XEC
Related symbols: SYY, VTR, HIG, ESS, XEC
Daily Dividend Report: COH, STT, WDC, KSS, DPS
Related symbols: COH, STT, WDC, KSS, DPS
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Related symbols: A, CSCO, AMAT, ADSK
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Daily Market Wrap: February 21, 2012
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