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.
Monday Sector Leaders: Rental, Leasing, & Royalty, Department Stores
Related symbols: REFR, NRT, JCP, SHLD
Monday Sector Laggards: Precious Metals, Non-Precious Metals & Non-Metallic Mining Stocks
Related symbols: ANV, CTHR, WRN, CENX
Thursday Sector Leaders: Communications Services, Agriculture & Farm Products
Related symbols: ETAK, CRCM, GRO, CRESY
Tuesday's ETF Movers: XBI, ILF
Related symbols: ICPT, GERN, ERJ, PBR.A, ILF, XBI
DXJ, FXE: Big ETF Outflows
Related symbols: DXJ, FXE
XLF, XOP: Big ETF Inflows
Related symbols: XLF, XOP, WFC, BRK.B, GDP, CRK
Daily Dividend Report: MET, SPG, SO, NBL, SYK
Related symbols: MET, SPG, SO, NBL, SYK
Daily Dividend Report: OKE, NRG, HAS, ED, COL
Related symbols: OKE, NRG, HAS, ED, COL
Daily Dividend Report: MS, PPG, DFS, SLB, GS
Related symbols: MS, PPG, DFS, SLB, GS
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Daily Market Wrap: April 17, 2012
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