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.
Thursday Sector Leaders: Metals Fabrication & Products, Oil & Gas Refining & Marketing Stocks
Related symbols: TAS, MTRN, PBF, YPF
Thursday Sector Laggards: Agriculture & Farm Products, Cigarettes & Tobacco Stocks
Related symbols: SEED, GRO, VGR, UVV
Wednesday Sector Leaders: Agriculture & Farm Products, Shipping Stocks
Related symbols: SEED, GRO, EGLE, SBLK
Thursday's ETF with Unusual Volume: QCLN
Related symbols: QCLN, FCEL, YGE, MXWL
Thursday's ETF Movers: ILF, XPH
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SH, XRT: Big ETF Outflows
Related symbols: SH, XRT, ZLC, EXPE
Daily Dividend Report: NMFC, MITT, AE
Related symbols: NMFC, MITT, AE
Dividend Increases: GD, DVN, MLR
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Daily Dividend Report: GME, BFS, PB, BDC, SEAS
Related symbols: GME, BFS, PB, BDC, SEAS
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Daily Market Wrap: April 17, 2012
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