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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: CTXS, TSCO S&P 500 Movers: CTXS, TSCO
Thursday, October 23, 12:43 PM ET
Nasdaq 100 Movers: CTXS, TSCO Nasdaq 100 Movers: CTXS, TSCO
Thursday, October 23, 12:42 PM ET
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Dow Movers: T, MMM Dow Movers: T, MMM
Thursday, October 23, 12:41 PM ET
S&P 500 Movers: BIIB, BRCM S&P 500 Movers: BIIB, BRCM
Wednesday, October 22, 1:18 PM ET
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Nasdaq 100 Movers: BIIB, BRCM Nasdaq 100 Movers: BIIB, BRCM
Wednesday, October 22, 1:17 PM ET
Dow Movers: BA, TRV Dow Movers: BA, TRV
Wednesday, October 22, 1:17 PM ET
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S&P 500 Movers: KO, WAT S&P 500 Movers: KO, WAT
Tuesday, October 21, 1:27 PM ET
Nasdaq 100 Movers: SPLS, ILMN Nasdaq 100 Movers: SPLS, ILMN
Tuesday, October 21, 1:25 PM ET
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Dow Movers: KO, CAT Dow Movers: KO, CAT
Tuesday, October 21, 12:36 PM ET
S&P 500 Movers: IBM, TSO S&P 500 Movers: IBM, TSO
Monday, October 20, 12:05 PM ET
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Nasdaq 100 Movers: NTAP, SNDK Nasdaq 100 Movers: NTAP, SNDK
Monday, October 20, 12:04 PM ET
Dow Movers: IBM, DIS Dow Movers: IBM, DIS
Monday, October 20, 12:03 PM ET
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S&P 500 Movers: URBN, TXT S&P 500 Movers: URBN, TXT
Friday, October 17, 12:40 PM ET
Nasdaq 100 Movers: NFLX, XLNX Nasdaq 100 Movers: NFLX, XLNX
Friday, October 17, 12:37 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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