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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: MAT, INCY Nasdaq 100 Movers: MAT, INCY
Friday, April 21, 10:21 AM ET
S&P 500 Movers: MAT, COL S&P 500 Movers: MAT, COL
Friday, April 21, 10:18 AM ET
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Dow Movers: VZ, DD Dow Movers: VZ, DD
Friday, April 21, 10:10 AM ET
Nasdaq 100 Movers: EBAY, CSX Nasdaq 100 Movers: EBAY, CSX
Thursday, April 20, 10:21 AM ET
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S&P 500 Movers: URI, CSX S&P 500 Movers: URI, CSX
Thursday, April 20, 10:18 AM ET
Dow Movers: TRV, AXP Dow Movers: TRV, AXP
Thursday, April 20, 10:11 AM ET
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Nasdaq 100 Movers: NTES, ISRG Nasdaq 100 Movers: NTES, ISRG
Wednesday, April 19, 10:41 AM ET
S&P 500 Movers: IBM, ISRG S&P 500 Movers: IBM, ISRG
Wednesday, April 19, 10:41 AM ET
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Dow Movers: IBM, UNH Dow Movers: IBM, UNH
Wednesday, April 19, 10:35 AM ET
Nasdaq 100 Movers: NFLX, TSCO Nasdaq 100 Movers: NFLX, TSCO
Tuesday, April 18, 10:21 AM ET
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S&P 500 Movers: CAH, IP S&P 500 Movers: CAH, IP
Tuesday, April 18, 10:15 AM ET
Dow Movers: GS, UNH Dow Movers: GS, UNH
Tuesday, April 18, 10:14 AM ET
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Nasdaq 100 Movers: INCY, NVDA Nasdaq 100 Movers: INCY, NVDA
Monday, April 17, 10:35 AM ET
S&P 500 Movers: INCY, ARNC S&P 500 Movers: INCY, ARNC
Monday, April 17, 10:34 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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