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Daily Wrap: March 28, 2012
Wednesday, March 28, 3:58 PM ET

Stocks fell into negative territory today, led by materials and energy shares.

On the economic front, durable good orders rose 2.2 percent, according to the Commerce Department. That increase was less than economists expected but still an improvement over a sharp drop in January. Meanwhile, the Mortgage Bankers Association is reporting a 2.7 percent drop in mortgage applications, from one week earlier.

Organic food company Annie's (NYSE:BNNY) made its trading debut, surging more than 70%, after an initial public offering raised $95 million.

Family Dollar Stores (NYSE:FDO) posted an 11% increase in second quarter earnings, exceeding Wall Street expectations. due to strong holiday sales.

Shares of Nokia (NYSE:NOK) got a boost, after the company launched its first smartphone in China. The struggling cellphone maker said its Lumia 800C will be supported by China Telecom (NYSE:CHA).

Tomorrow, we'll take a look at the numbers for weekly jobless claims as well as earnings from Best Buy (NYSE:BBY) and Research in Motion (RIMM).

For Marketnewsvideo.com, I'm Sayoko Murase.

Daily Wrap:  March 28, 2012 picture
S&P 500 Movers: GNW, EW S&P 500 Movers: GNW, EW
Wednesday, July 30, 11:28 AM ET
Nasdaq 100 Movers: GRMN, REGN Nasdaq 100 Movers: GRMN, REGN
Wednesday, July 30, 11:27 AM ET
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Dow Movers: UNH, NKE Dow Movers: UNH, NKE
Wednesday, July 30, 11:27 AM ET
S&P 500 Movers: GLW, WIN S&P 500 Movers: GLW, WIN
Tuesday, July 29, 12:08 PM ET
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Nasdaq 100 Movers: VIP, WYNN Nasdaq 100 Movers: VIP, WYNN
Tuesday, July 29, 12:02 PM ET
Dow Movers: UNH, T Dow Movers: UNH, T
Tuesday, July 29, 12:02 PM ET
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S&P 500 Movers: CMI, FDO S&P 500 Movers: CMI, FDO
Monday, July 28, 11:41 AM ET
Nasdaq 100 Movers: MNST, DLTR Nasdaq 100 Movers: MNST, DLTR
Monday, July 28, 11:41 AM ET
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Dow Movers: GE, DD Dow Movers: GE, DD
Monday, July 28, 11:40 AM ET
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Friday, July 25, 12:13 PM ET
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Nasdaq 100 Movers: MXIM, BIDU Nasdaq 100 Movers: MXIM, BIDU
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Friday, July 25, 12:12 PM ET
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S&P 500 Movers: TRIP, UA S&P 500 Movers: TRIP, UA
Thursday, July 24, 12:03 PM ET
Dow Movers: CAT, NKE Dow Movers: CAT, NKE
Thursday, July 24, 12:03 PM ET
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Daily Wrap:  March 28, 2012  NOW PLAYING
Daily Wrap: March 28, 2012
Wednesday, March 28, 3:58 PM ET
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