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.
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Daily Market Wrap: April 12, 2012
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