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 Leaders: Trucking, Computer Peripherals
Related symbols: HTLD, MRTN, EXTR, FEYE
Tuesday Sector Laggards: Precious Metals, Auto Dealerships
Related symbols: PVG, AUMN, SAH, AAP
Monday Sector Leaders: Computer Peripherals, Semiconductors
Related symbols: EXTR, JNPR, ENPH, VIMC
Tuesday's ETF with Unusual Volume: BSCF
Related symbols: BSCF, BAC, ABT, MMC, D
Tuesday's ETF Movers: GXC, GDXJ
Related symbols: EJ, YGE, GSS, PRU.CA, GDXJ, GXC
XOP, EZJ: Big ETF Outflows
Related symbols: XOP, EZJ, GPRE, KOG
Daily Dividend Report: BAX, SO, ETN, SYK, AEP, ALL, CCE, FMC
Related symbols: BAX, SO, ETN, SYK, AEP, ALL, CCE, FMC
Daily Dividend Report: JNJ, HAL, AGN, APD, ADT, SPN, ZION, BRO
Related symbols: JNJ, HAL, AGN, APD, ADT, SPN, ZION, BRO
Daily Dividend Report: PEP, QCOM, MCD, TXN, BK, STX, ED, OMC, NRG, KBH
Related symbols: PEP, QCOM, MCD, TXN, BK, STX, ED, OMC, NRG, KBH
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Daily Market Wrap: February 21, 2012
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