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: MRK, CAT
Related symbols: MRK, CAT, AAPL, AXP
S&P 500 Movers: BF.B, BBY
Related symbols: BF.B, BBY, HRL, CSRA
Nasdaq 100 Movers: FAST, ULTA
Related symbols: FAST, ULTA, NFLX, CELG
Thursday Sector Laggards: Oil & Gas Exploration & Production, Transportation Services
Related symbols: SDRL, JONE, BRS, CAI
Thursday Sector Leaders: Music & Electronics Stores, Department Stores
Related symbols: BBY, GME, SHLD, DG
Wednesday Sector Laggards: Transportation Services, Shipping Stocks
Related symbols: BRS, CAI, GOGL, SBLK
Thursday's ETF with Unusual Volume: FPX
Related symbols: FPX, SNAP, SQ, BURL, RSPP
Thursday's ETF Movers: XRT, OIH
Related symbols: SHLD, BBY, SDRL, NBR, OIH, XRT
XLI, CLAW: Big ETF Outflows
Related symbols: XLI, CLAW, GE, MMM
Daily Dividend Report: RY,BG,TIF,FLO,MCD
Related symbols: RY, BG, TIF, FLO, MCD
Daily Dividend Report: KRC, MRK, CME, BDX, MAA, PF
Related symbols: KRC, MRK, CME, BDX, MAA, PF
Daily Dividend Report: HRL, EXR, DDS, EXP, CASH
Related symbols: HRL, EXR, DDS, EXP, CASH
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Daily Market Wrap: February 21, 2012
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