Daily Market Wrap: April 19, 2012 Thursday, April 19, 5:39 PM ET
It was another down day for the markets as investors took in some lackluster economic data from the jobs and housing sector.
The Labor Department is reporting that initial jobless claims fell 2000 last week, to a seasonally adjusted 386,000.
Economists were expecting a bigger drop in claims, to 370,000.
Meanwhile, existing home sales in the US fell 2.6 percent in March to an annual rate of 4.48 million, according to the National Association of Realtors.
On the earnings front, Verizon (NYSE:
VZ) topped expectations with its earnings report, as did DuPont (NYSE: DD) and Travelers (NYSE: TRV).
Among the big banks reporting earnings results, were Morgan Stanley (NYSE:
MS) and Bank of America (NYSE: BAC). Both banks managed to beat analyst expectations, despite a drop in profits.
Tomorrow, we'll get a look at earnings results from GE (NYSE:
GE) and McDonalds (NYSE: MCD).
For Marketnewsvideo.com, I'm Sayoko Murase.
Wednesday Sector Laggards: Oil & Gas Equipment & Services, Oil & Gas Exploration & Production Stocks
Related symbols: ANW, NE, EXXI, TRCH
Wednesday Sector Leaders: Non-Precious Metals & Non-Metallic Mining, Apparel Stores
Related symbols: NAK, TGB, URBN, AEO
Tuesday Sector Laggards: Specialty Retail, Apparel Stores
Related symbols: DKS, HIBB, NETS, BKE
Wednesday's ETF with Unusual Volume: VPL
Related symbols: VPL, BHP, SMFG, WOPEY, WF
Wednesday's ETF Movers: XME, OIH
Related symbols: FCX, SCHN, NE, ESV, OIH, XME
JNK, UXI: Big ETF Outflows
Related symbols: JNK, UXI, GE, BA
Daily Dividend Report: KSU, PF, UNH, MMM, MTB, AAN
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Daily Market Wrap: April 19, 2012
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