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.
Dow Movers: AAPL, BA
Related symbols: AAPL, BA, GS, CSCO
S&P 500 Movers: IP, KMX
Related symbols: IP, KMX, TIF, EFX
Nasdaq 100 Movers: MAT, PAYX
Related symbols: MAT, PAYX, EA, NTES
Friday Sector Laggards: Packaging & Containers, Cigarettes & Tobacco Stocks
Related symbols: WRK, IP, XXII, UVV
Friday Sector Leaders: Defense, Precious Metals
Related symbols: AJRD, ARTX, PVG, NG
Thursday Sector Laggards: Education & Training Services, Non-Precious Metals & Non-Metallic Mining Stocks
Related symbols: CHGG, LAUR, ZEUS, SID
Friday's ETF with Unusual Volume: VSS
Related symbols: VSS, AMD, NOK, PVG, BBRY
Friday's ETF Movers: GDXJ, VNQ
Related symbols: PVG, NG, OLP, HCP, VNQ, GDXJ
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Related symbols: EWU, EUFL
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Related symbols: TXN, MCD, MAS, CAG, DRI
Daily Dividend Report: A, PCG, TGT, WPC, WWD
Related symbols: A, PCG, TGT, WPC, WWD
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Related symbols: MSFT, FITB, CVS, MA, CUZ
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Daily Market Wrap: February 21, 2012
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