Daily Market Wrap: April 17, 2012 Tuesday, April 17, 4:28 PM ET
Stronger than expected earnings reports helped the markets add to their gains today, as investors shrugged off disappointing data from the housing sector.
The Commerce Department is reporting an unexpected drop in housing starts, down 5.7 percent to a seasonally adjusted 654,000 units last month.
Meanwhile, there are signs that factory orders could be slowing down, as data from the Federal Reserve showed that U.S. industrial production was little changed for the second straight month.
On the earnings front, Coca Cola (NYSE:
KO) beat expectations on both earnings and revenue, as the Atlanta-based company reported global growth, particularly in emerging markets.
Also among Dow components Johnson and Johnson (NYSE:
JNJ) posted a 12.5 percent increase in first quarter profit, as the company spent less on sales, research and administration.
Tomorrow, we'll take a look at the numbers for weekly mortgage applications as well as earnings results from Blackrock (NYSE:
BLK) and Ebay (NASDAQ: EBAY).
For Marketnewsvideo.com, I'm Sayoko Murase.
Tuesday Sector Leaders: Airlines, Specialty Retail Stocks
Related symbols: ZNH, CEA, FLWS, SPLS
Tuesday Sector Laggards: Music & Electronics Stores, Precious Metals
Related symbols: CONN, RSH, ANV, SAND
Friday Sector Leaders: Music & Electronics Stores, Information Technology Services
Related symbols: RSH, CONN, RALY, SPLK
Tuesday's ETF with Unusual Volume: FRN
Related symbols: FRN, BVN, BSAC, EOC
Tuesday's ETF Movers: IYT, XOP
Related symbols: UAL, ALK, MHR, GST, XOP, IYT
SH, FXS: Big ETF Outflows
Related symbols: SH, FXS
Daily Dividend Report: JE, TSS, EGAS, EDUC, EFSC, WSBC
Related symbols: JE, TSS, EGAS, EDUC, EFSC, WSBC
Daily Dividend Report: EIX, RRC, LRCX, LINE, LNCO, PKG, BIG, BWS
Related symbols: EIX, RRC, LRCX, LINE, LNCO, PKG, BIG, BWS
Daily Dividend Report: TD, HUM, ROC, WR, CBL, PPS, OFG
Related symbols: TD, HUM, ROC, WR, CBL, PPS, OFG
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Daily Market Wrap: April 17, 2012
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