Daily Market Wrap: April 11, 2012 Wednesday, April 11, 5:31 PM ET
The markets climbed back into positive territory, after 5 straight days of declines, with Alcoa kicking off earnings season on a positive note.
Investors were also keeping an eye on the Federal Reserve's latest beige-book report, which indicated that the U.S. economy expanded at a moderate rate in recent weeks.
The Mortgage Bankers Association is reporting a 2.4 percent drop in mortgage applications last week, as demand for refinancing declined.
Also on the economic front, a report by the Labor Department showed a 1.3 percent increase in import prices in March.
Earnings season got off to a good start with Alcoa (NYSE:
AA) posting strong earnings which beat expectations and revenue which also topped estimates.
TITN) Machinary posted fourth-quarter earnings and revenue that beat expectations, with a positive outlook for the current year.
Tomorrow, we'll take a look at the numbers for weekly jobless claims, as well as earnings results from Rite Aid (NYSE:
RAD) and Google (NASDAQ: GOOG).
For Marketnewsvideo.com, I'm Sayoko Murase.
Wednesday Sector Leaders: Oil & Gas Exploration & Production, Entertainment Stocks
Related symbols: NFX, EXXI, BTN, MSG
Wednesday Sector Laggards: General Contractors & Builders, Precious Metals
Related symbols: TMHC, MTH, DRD, TRX
Tuesday Sector Leaders: Education & Training Services, Computer Peripherals
Related symbols: EDMC, ESI, FEYE, ZAGG
Wednesday's ETF with Unusual Volume: NOBL
Related symbols: NOBL, KO, T, MHFI, ECL
Wednesday's ETF Movers: XOP, GDXJ
Related symbols: NFX, EXXI, SBB.CA, DRD, GDXJ, XOP
SH, PXMC: Big ETF Outflows
Related symbols: SH, PXMC
Daily Dividend Report: AFL, WYNN, KIM, FNF, DPM, JLL, WFC
Related symbols: AFL, WYNN, KIM, FNF, DPM, JLL, WFC
Daily Dividend Report: AMTD, RGP, ACMP, BRX, IBM, BA, FTR
Related symbols: AMTD, RGP, ACMP, BRX, IBM, BA, FTR
Daily Dividend Report: PDS, AGN, DAL, K, PII, HRS, NE, GNC
Related symbols: PDS, AGN, DAL, K, PII, HRS, NE, GNC
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Daily Market Wrap: April 11, 2012
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