Daily Market Wrap: April 4, 2012 Wednesday, April 4, 4:20 PM ET
The markets opened sharply lower today, and continued to add to their losses, despite a jobs report from the ADP that was better than expected.
209,000 jobs were added in the private sector in March, according to the ADP National Employment Report.
Although that number exceeded economists expectations of 200,000, it does indicate a slowdown from the prior month.
Also on the economic front, the Mortgage Bankers Association is reporting an increase in weekly mortgage applications,
which comes after seven weeks of declines.
In earnings news, Monsanto (NYSE:
MON) posted earnings which beat expectations, due in part to global demand for corn and strong sales in the U.S.
YHOO) announced today it will cut 2000 jobs, which is about 14 percent of its workforce. The company said it expects about $375 million in annualized savings from the job cuts.
Tomorrow, we'll take a look at the numbers for jobless claims, chain store sales, as well as earnings from CarMax (NYSE:
For Marketnewsvideo.com, I'm Sayoko Murase.
Analyst Moves: RRC, PCLN, LOW
Related symbols: RRC, PCLN, LOW
Analyst Moves: ABT, ACN, EFX, JCP
Related symbols: ABT, ACN, EFX, JCP, AQ
Analyst Moves: AMAT, ARUN, DE
Related symbols: AMAT, ARUN, DE, GS
Monday Sector Leaders: Metals & Mining, Precious Metals
Related symbols: JRCC, DNN, PAL, REE
Monday Sector Laggards: Consumer Services, Agriculture & Farm Products
Related symbols: TISI, CLCT, SANW, CRESY
Friday Sector Leaders: Education & Training Services, Auto Parts
Related symbols: COCO, CECO, XIDE, AXL
Monday's ETF with Unusual Volume: DTN
Related symbols: DTN, MSFT, INTC, NEM, MRK
Monday's ETF Movers: PBW, IFNA
Related symbols: JASO, HSOL, UHT, FCH, IFNA, PBW
GDX, SBM: Big ETF Outflows
Related symbols: GDX, SBM, GG, ABX
Daily Dividend Report: UMPQ, SJT, CRT, AVIV, SPAN
Related symbols: UMPQ, SJT, CRT, AVIV, SPAN
Daily Dividend Report: HAL, NOV, ESV, WLK, CSC
Related symbols: HAL, NOV, ESV, WLK, CSC
Daily Dividend Report: AET, DV, RWT, BGS, WMB
Related symbols: AET, DV, RWT, BGS, WMB
Weekly Market Wrap: May 17, 2013
Related symbols: WMT, DE, M
Weekly Market Wrap: May 10, 2013
Related symbols: WFM, TSLA, DIS, EA
Weekly Market Wrap: May 3, 2013
Related symbols: PFE, VLO, MA, MGM
Week Ahead Market Report: May 13, 2013
Related symbols: A, CSCO, AMAT, ADSK
Week Ahead Market Report: May 6, 2013
Related symbols: BRK.B, ARCC, DTV, NWSA, PCLN, PSA, SLW
Week Ahead Market Report: April 29, 2013
Related symbols: OSK, TRLA, MRK, ANR, SE
All videos » |
Stock market definitions »
Daily Market Wrap: April 4, 2012
| Market News Video | Copyright © 2008 - 2013, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.