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.
Wednesday Sector Laggards: Publishing, Textiles
Related symbols: PSO, LEE, DXYN, COLM
Wednesday Sector Leaders: Shipping, Non-Precious Metals & Non-Metallic Mining Stocks
Related symbols: GNK, SBLK, ZEUS, AKS
Tuesday Sector Laggards: Drugs, Biotechnology Stocks
Related symbols: ADHD, CNCE, FOLD, CASC
Wednesday's ETF with Unusual Volume: IXG
Related symbols: IXG, BAC, C, HIG, NTRS
Wednesday's ETF Movers: XME, PID
Related symbols: AKS, X, PSO, SSW, PID, XME
JNK, XPP: Big ETF Outflows
Related symbols: JNK, XPP
Daily Dividend Report: O, LLTC, FAST, NTRS, MTX
Related symbols: O, LLTC, FAST, NTRS, MTX
Daily Dividend Report: LNT, EPR, SO, ADP, FE, UNM, NNN
Related symbols: LNT, EPR, SO, ADP, FE, UNM, NNN
Daily Dividend Report: BLK, CL, PAYX, KEY, FRC, LEN
Related symbols: BLK, CL, PAYX, KEY, FRC, LEN
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Daily Market Wrap: February 21, 2012
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