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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 (BNNY) made its trading debut, surging more than 70%, after an initial public offering raised $95 million.

Family Dollar Stores (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
Nasdaq 100 Movers: MYL, VRTX Nasdaq 100 Movers: MYL, VRTX
Tuesday, August 22, 10:22 AM ET
S&P 500 Movers: COTY, FCX S&P 500 Movers: COTY, FCX
Tuesday, August 22, 10:17 AM ET
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Dow Movers: PG, BA Dow Movers: PG, BA
Tuesday, August 22, 10:13 AM ET
Nasdaq 100 Movers: ULTA, CTRP Nasdaq 100 Movers: ULTA, CTRP
Monday, August 21, 10:22 AM ET
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S&P 500 Movers: ULTA, FCX S&P 500 Movers: ULTA, FCX
Monday, August 21, 10:16 AM ET
Dow Movers: NKE, CSCO Dow Movers: NKE, CSCO
Monday, August 21, 10:14 AM ET
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Nasdaq 100 Movers: SHPG, ROST Nasdaq 100 Movers: SHPG, ROST
Friday, August 18, 10:21 AM ET
S&P 500 Movers: FL, ROST S&P 500 Movers: FL, ROST
Friday, August 18, 10:18 AM ET
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Dow Movers: NKE, GS Dow Movers: NKE, GS
Friday, August 18, 10:11 AM ET
Nasdaq 100 Movers: JD, ORLY Nasdaq 100 Movers: JD, ORLY
Thursday, August 17, 10:21 AM ET
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S&P 500 Movers: LB, URI S&P 500 Movers: LB, URI
Thursday, August 17, 10:20 AM ET
Dow Movers: CSCO, MRK Dow Movers: CSCO, MRK
Thursday, August 17, 10:11 AM ET
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Nasdaq 100 Movers: AMZN, NTES Nasdaq 100 Movers: AMZN, NTES
Wednesday, August 16, 10:21 AM ET
Dow Movers: AAPL, UTX Dow Movers: AAPL, UTX
Wednesday, August 16, 10:16 AM 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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