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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: CSX, SWKS Nasdaq 100 Movers: CSX, SWKS
Friday, January 20, 10:21 AM ET
S&P 500 Movers: BMY, SWKS S&P 500 Movers: BMY, SWKS
Friday, January 20, 10:15 AM ET
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Dow Movers: GE, MRK Dow Movers: GE, MRK
Friday, January 20, 10:14 AM ET
Nasdaq 100 Movers: CERN, CSX Nasdaq 100 Movers: CERN, CSX
Thursday, January 19, 10:21 AM ET
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S&P 500 Movers: BBT, CSX S&P 500 Movers: BBT, CSX
Thursday, January 19, 10:16 AM ET
Dow Movers: XOM, NKE Dow Movers: XOM, NKE
Thursday, January 19, 10:15 AM ET
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Nasdaq 100 Movers: CSX, FAST Nasdaq 100 Movers: CSX, FAST
Wednesday, January 18, 10:22 AM ET
S&P 500 Movers: KSS, FAST S&P 500 Movers: KSS, FAST
Wednesday, January 18, 10:17 AM ET
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Dow Movers: UNH, AXP Dow Movers: UNH, AXP
Wednesday, January 18, 10:11 AM ET
Nasdaq 100 Movers: INCY, DLTR Nasdaq 100 Movers: INCY, DLTR
Tuesday, January 17, 10:21 AM ET
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S&P 500 Movers: NAVI, NRG S&P 500 Movers: NAVI, NRG
Tuesday, January 17, 10:16 AM ET
Dow Movers: JPM, WMT Dow Movers: JPM, WMT
Tuesday, January 17, 10:11 AM ET
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Nasdaq 100 Movers: MU, MNST Nasdaq 100 Movers: MU, MNST
Friday, January 13, 10:22 AM ET
S&P 500 Movers: FTI, FSLR S&P 500 Movers: FTI, FSLR
Friday, January 13, 10:20 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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