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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: CTSH, NFLX Nasdaq 100 Movers: CTSH, NFLX
Monday, February 8, 10:23 AM ET
S&P 500 Movers: CHK, NEM S&P 500 Movers: CHK, NEM
Monday, February 8, 10:16 AM ET
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Dow Movers: GS, JNJ Dow Movers: GS, JNJ
Monday, February 8, 10:12 AM ET
Nasdaq 100 Movers: ADBE, SYMC Nasdaq 100 Movers: ADBE, SYMC
Friday, February 5, 10:36 AM ET
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S&P 500 Movers: HES, TSN S&P 500 Movers: HES, TSN
Friday, February 5, 10:35 AM ET
Dow Movers: JNJ, WMT Dow Movers: JNJ, WMT
Friday, February 5, 10:33 AM ET
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S&P 500 Movers: RL, FCX S&P 500 Movers: RL, FCX
Thursday, February 4, 10:45 AM ET
Nasdaq 100 Movers: ILMN, FAST Nasdaq 100 Movers: ILMN, FAST
Thursday, February 4, 10:43 AM ET
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Dow Movers: NKE, IBM Dow Movers: NKE, IBM
Thursday, February 4, 10:41 AM ET
Nasdaq 100 Movers: ILMN, STX Nasdaq 100 Movers: ILMN, STX
Wednesday, February 3, 10:24 AM ET
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S&P 500 Movers: NOV, ADT S&P 500 Movers: NOV, ADT
Wednesday, February 3, 10:22 AM ET
Dow Movers: INTC, DD Dow Movers: INTC, DD
Wednesday, February 3, 10:11 AM ET
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Nasdaq 100 Movers: NCLH, MAT Nasdaq 100 Movers: NCLH, MAT
Tuesday, February 2, 10:21 AM ET
S&P 500 Movers: RCL, KORS S&P 500 Movers: RCL, KORS
Tuesday, February 2, 10:17 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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