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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 (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: AVP, V S&P 500 Movers: AVP, V
Thursday, October 30, 11:56 AM ET
Nasdaq 100 Movers: NXPI, CTRX Nasdaq 100 Movers: NXPI, CTRX
Thursday, October 30, 11:56 AM ET
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Dow Movers: XOM Dow Movers: XOM
Thursday, October 30, 11:55 AM ET
S&P 500 Movers: OI, NFX S&P 500 Movers: OI, NFX
Wednesday, October 29, 12:39 PM ET
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Nasdaq 100 Movers: FB, WDC Nasdaq 100 Movers: FB, WDC
Wednesday, October 29, 12:36 PM ET
Dow Movers: DD, CVX Dow Movers: DD, CVX
Wednesday, October 29, 12:28 PM ET
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S&P 500 Movers: NFX, MU S&P 500 Movers: NFX, MU
Tuesday, October 28, 12:47 PM ET
Nasdaq 100 Movers: EXPE, MU Nasdaq 100 Movers: EXPE, MU
Tuesday, October 28, 12:47 PM ET
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Dow Movers: CVX, WMT Dow Movers: CVX, WMT
Tuesday, October 28, 12:46 PM ET
S&P 500 Movers: NFX, MU S&P 500 Movers: NFX, MU
Monday, October 27, 1:41 PM ET
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Nasdaq 100 Movers: EXPE, MU Nasdaq 100 Movers: EXPE, MU
Monday, October 27, 1:27 PM ET
Dow Movers: CVX, WMT Dow Movers: CVX, WMT
Monday, October 27, 12:58 PM ET
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S&P 500 Movers: AMZN, EW S&P 500 Movers: AMZN, EW
Friday, October 24, 1:19 PM ET
Nasdaq 100 Movers: AMZN, KLAC Nasdaq 100 Movers: AMZN, KLAC
Friday, October 24, 1:18 PM ET
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Daily Wrap: March 28, 2012
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