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.
Wednesday Sector Leaders: Agriculture & Farm Products, Music & Electronics Stores
Related symbols: CRESY, AGRO, SYX, VOXX
Wednesday Sector Laggards: General Contractors & Builders, Precious Metals
Related symbols: WLH, HOV, AXU, PAL
Tuesday Sector Leaders: Biotechnology, Metals Fabrication & Products
Related symbols: MDXG, CBMG, PGTI, NOR
VGK, GULF: Big ETF Outflows
Related symbols: VGK, GULF, NSRGY, NVS
SPLV, FMF: Big ETF Inflows
Related symbols: SPLV, FMF, DUK, SO, USD
Wednesday's ETF with Unusual Volume: MTUM
Related symbols: MTUM, FB, YHOO, HUM
Daily Dividend Report: WLP, AFL, AMP, LUV, STJ, GWW, KIM, CNX, LUK, CHD, AWK, GCI, ENB
Related symbols: WLP, AFL, AMP, LUV, STJ, GWW, KIM, CNX, LUK, CHD, AWK, GCI, ENB
Daily Dividend Report: IBM, EXC, WYNN, ENR, CLF, VLO, CR, DK
Related symbols: IBM, EXC, WYNN, ENR, CLF, VLO, CR, DK
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Related symbols: K, WWE, AMGN, ETR, AVY, RBC
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Daily Market Wrap: April 4, 2012
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