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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
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Dow Movers: UNH, NKEDow Movers: UNH, NKE
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Thursday Sector Leaders: Apparel Stores, Waste Management StocksThursday Sector Leaders: Apparel Stores, Waste Management Stocks
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Wednesday Sector Laggards: Rental, Leasing, & Royalty, General Contractors & BuildersWednesday Sector Laggards: Rental, Leasing, & Royalty, General Contractors & Builders
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Thursday's ETF with Unusual Volume: FTXOThursday's ETF with Unusual Volume: FTXO
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Thursday's ETF Movers: IWC, GDXJThursday's ETF Movers: IWC, GDXJ
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VIG, KBWB: Big ETF OutflowsVIG, KBWB: Big ETF Outflows
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Daily Dividend Report: INTC, ACN, CPB, SLG, DRI, FCHDaily Dividend Report: INTC, ACN, CPB, SLG, DRI, FCH
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Daily Dividend Report: SLW, NI, TTC, VSM, CMC, SCHL, RESI, CIODaily Dividend Report: SLW, NI, TTC, VSM, CMC, SCHL, RESI, CIO
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Daily Dividend Report: USB, FE, CUZ, WDFC, BKE, RSODaily Dividend Report: USB, FE, CUZ, WDFC, BKE, RSO
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Fed Tapers Bond BuyingFed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in FebruaryNonfarm payroll Employment Up 175,000 in February
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Daily Wrap: March 28, 2012 | Market News Video | Copyright © 2008 - 2017, All Rights Reserved

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