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Daily Market Wrap: April 12, 2012
Thursday, April 12, 4:52 PM ET

The markets managed to add to yesterday's gains, despite a disappointing jobless claims report.

More people filed for unemployment benefits last week, as claims rose 13,000 to a seasonally adjusted 380,000 according to the Labor Department.

This comes after a steady decline since last fall. Economists had expected a drop to 355,000.

Also according to the Labor Department, producer prices held steady in March, while economists had expected a increase of 0.3 percent.

Meanwhile, the Commerce Department reported that the trade deficit narrowed in February, unexpectedly to $46 billion from $52.5 billion in January.

Shares of Hewlett-Packard (NYSE:HPQ) got a boost today, after news that the company's PC shipments in the U.S gained in the first quarter, outpacing competitors, including Apple (NASDAQ:AAPL).

Tomorrow, we'll get earnings results from JP Morgan (NYSE:JPM) and Wells Fargo (NYSE:WFC) and we'll also take a look at the consumer sentiment report.

For Marketnewsvideo.com, I'm Sayoko Murase.

Daily Market Wrap: April 12, 2012 picture
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RWM, VIXY: Big ETF OutflowsRWM, VIXY: Big ETF Outflows
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Daily Dividend Report: HBAN, OHI, B, SLB, MS, DFS, PPG, SNDK, EDDaily Dividend Report: HBAN, OHI, B, SLB, MS, DFS, PPG, SNDK, ED
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Daily Market Wrap: April 12, 2012 | Market News Video | Copyright © 2008 - 2014, All Rights Reserved

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