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: General Contractors & Builders, Trucking Stocks
Related symbols: TPH, TMHC, ARCB, YRCW
Tuesday Sector Leaders: Oil & Gas Exploration & Production, Oil & Gas Equipment & Services
Related symbols: HERO, PES, CJES, BAS
Monday Sector Laggards: Metals & Mining, Electric Utilities
Related symbols: MCP, ACI, EBR, CIG
Tuesday's ETF with Unusual Volume: FTC
Related symbols: FTC, AAPL, INTC, CHRW, STX
Tuesday's ETF Movers: XOP, GXC
Related symbols: SN, BCEI, CMCM, BABA, GXC, XOP
EWH, SMDV: Big ETF Outflows
Related symbols: EWH, SMDV, ABM, AEL
Daily Dividend Report: MJN, ROST, GPS, WYN, DLR, ECL, PPL
Related symbols: MJN, ROST, GPS, WYN, DLR, ECL, PPL
Daily Dividend Report: TD, CM, CB, PLD, KSS, ESS, TMO, ACE, CI
Related symbols: TD, CM, CB, PLD, KSS, ESS, TMO, ACE, CI
Daily Dividend Report: HD, CMCSA, BMO, CTL, UFS, MLI
Related symbols: HD, CMCSA, BMO, CTL, UFS, MLI
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Daily Market Wrap: February 21, 2012
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