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.
Tuesday Sector Laggards: Computers, Insurance Brokers
Related symbols: RDWR, NEON, AHL, RE
Tuesday Sector Leaders: Non-Precious Metals & Non-Metallic Mining, Oil & Gas Exploration & Production Stocks
Related symbols: CLF, MHR, HK
Monday Sector Laggards: Airlines, Advertising Stocks
Related symbols: RJET, ZNH, ANGI, MXPT
Tuesday's ETF with Unusual Volume: PSI
Related symbols: PSI, MU, INTC, AMKR
Tuesday's ETF Movers: XOP, BSCG
Related symbols: HK, MHR, DD, COF, BSCG, XOP
EEM, RINF: Big ETF Outflows
Related symbols: EEM, RINF
Daily Dividend Report: HIG, IBM, COST, EXC, CCE, DHI, CMA, GPN, WCN, CR
Related symbols: HIG, IBM, COST, EXC, CCE, DHI, CMA, GPN, WCN, CR
Daily Dividend Report: LYB, DAL, NSC, MAC, CNP, PRE, WWD, DBD
Related symbols: LYB, DAL, NSC, MAC, CNP, PRE, WWD, DBD
Daily Dividend Report: SPG, K, SWK, BAC, CMCSA, SCHW, RTN, AAL, BHI
Related symbols: SPG, K, SWK, BAC, CMCSA, SCHW, RTN, AAL, BHI
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Daily Market Wrap: February 21, 2012
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