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: BBRY, SWK, ETR
Related symbols: BBRY, SWK, ETR, C, UBS, DB
Analyst Moves: CVS, FRX, MMM
Related symbols: CVS, FRX, MMM, CAH, UBS
Analyst Moves: MCD, JCI, MTN
Related symbols: MCD, JCI, MTN, C
Wednesday Sector Leaders: Waste Management, Sporting Goods & Activities
Related symbols: SWSH, TRR, MGAM, SIX
Wednesday Sector Laggards: Vehicle Manufacturers, General Contractors & Builders
Related symbols: HY, TTM, TPH, MDC
Tuesday Sector Leaders: Precious Metals, Education & Training Services
Related symbols: TRX, ANV, CECO, LRN
Wednesday's ETF with Unusual Volume: EUSA
Related symbols: EUSA, BAC, FB, SNI, LH
Wednesday's ETF Movers: XLP, XBI
Related symbols: WAG, WFM, OPK, INFI, XBI, XLP
XLF, XTL: Big ETF Outflows
Related symbols: XLF, XTL, JPM, WFC, ARRS, UBNT
Daily Dividend Report: MA, NYMT, GLF, BGC, FBHS
Related symbols: MA, NYMT, GLF, BGC, FBHS
Daily Dividend Report: SPN, QCOR, AEO, MDLZ, BEN
Related symbols: SPN, QCOR, AEO, MDLZ, BEN
Daily Dividend Report: PM, DHR, GIS, ARE, PDCO
Related symbols: PM, DHR, GIS, ARE, PDCO
Weekly Market Wrap: December 6, 2013
Related symbols: YUM, JCP, KR, SHLD
Weekly Market Wrap: November 22, 2013
Related symbols: TGT, SHLD, FL, ANF
Weekly Market Wrap: November 15, 2013
Related symbols: MCD, WMT, KSS, M
Week Ahead Market Report: December 9, 2013
Related symbols: AZO, HRB, COST, MW, ADBE, VALU
Week Ahead Market Report: December 2, 2013
Related symbols: BMO, ARO, GES, ALCO, DMND, AEO
Week Ahead Market Report: November 25, 2013
Related symbols: ADI, EV, HRL, GLNG, RENN
All videos » |
Stock market definitions »
Daily Market Wrap: February 21, 2012
| Market News Video | Copyright © 2008 - 2013, 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.