Daily Market Wrap: April 23, 2012 Monday, April 23, 5:06 PM ET
Economic uncertainty in Europe kept all three U.S. major indices in negative territory today.
On the earnings front, DR Horton (NYSE:
DHI) posted fiscal second quarter earnings which rose 46 percent and blew past analysts expectations.
Shares of the nation's largest homebuilder are trading higher today.
XRX) also managed to beat estimates with its first quarter earnings and the company also affirmed its earnings guidance for the year.
In M&A news, Nestle beat out Danone to buy Pfizer's (NYSE:
PFE) infant nutrition business in a deal worth $11.85 billion.
AZN) announced it has agreed to buy Ardea Biosciences for $1.26 billion in an effort to restock its drug pipeline.
Tomorrow, we'll take a look at the S&P Case-Shiller home price index as well as earnings from AT&T (NYSE:
T) and 3M (NYSE: MMM).
For Marketnewsvideo.com, I'm Sayoko Murase.
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Related symbols: GEF, PKG, CHGG, DV
Thursday Sector Leaders: Oil & Gas Refining & Marketing, Cigarettes & Tobacco Stocks
Related symbols: PEIX, REX, XXII, BTI
Wednesday Sector Laggards: Oil & Gas Exploration & Production, Rental, Leasing, & Royalty Stocks
Related symbols: HERO, EXXI, ROYT, BPT
Thursday's ETF with Unusual Volume: AIRR
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Thursday's ETF Movers: BBH, ILF
Related symbols: PBYI, PCYC, ERJ, ITUB, ILF, BBH
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Related symbols: XLU, LLSC, DUK, NEE, IWM
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Daily Market Wrap: April 23, 2012
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