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Daily Market Wrap: July 12, 2012
Thursday, July 12, 4:49 PM ET

Some encouraging economic data from the Labor Department didn't do much to boost the markets today, although stocks did come off of their worst lows of the day in the afternoon.

The number of Americans filing unemployment benefits fell 26,000 last week to 350,000, marking a four-year low.

The four-week moving average for new claims fell significantly, down 9,750 to 376,500.

Shares of Supervalu (NYSE:SVU) fell sharply after the company reported very disappointing sales and profit. The supermarket chain is also considering selling off a part of its business a sale to pay off debt.

Infosys (NYSE:INFY) cut its sales forecast more than expected, as tech spending has been negatively affected by global uncertainty.

Shares were down 10 percent today.

Meanwhile, homebuilders Lennar (NYSE:LEN) and Toll Brothers (NYSE:TOL) were bolstered by a positive forecast by an industry analyst.

For Marketnewsvideo.com, I'm Sayoko Murase.

Daily Market Wrap: July 12, 2012 picture
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Tuesday 9/1 Insider Buying Report: SNR, CXWTuesday 9/1 Insider Buying Report: SNR, CXW
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S&P 500 Movers: DLTR, HRBS&P 500 Movers: DLTR, HRB
Related symbols: DLTR,HRB
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Related symbols: AAPL
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Related symbols: HMY,GFI,SFXE,EROS
Wednesday Sector Leaders: Defense, DrugsWednesday Sector Leaders: Defense, Drugs
Related symbols: HII,LMT,TRVN,RPTP
Tuesday Sector Laggards: Metals & Mining, Oil & Gas Exploration & Production StocksTuesday Sector Laggards: Metals & Mining, Oil & Gas Exploration & Production Stocks
Related symbols: ACI,BTU,PGH,TPLM
Wednesday's ETF with Unusual Volume: FTCSWednesday's ETF with Unusual Volume: FTCS
Related symbols: FTCS,CSCO,XOM,LMT,CMI
Wednesday's ETF Movers: XBI, GDXWednesday's ETF Movers: XBI, GDX
Related symbols: RPTP,TSRO,HMY,GFI,GDX,XBI
UUP, VIXY: Big ETF OutflowsUUP, VIXY: Big ETF Outflows
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Daily Dividend Report: AVB, HOG, TSS, SNV, PNYDaily Dividend Report: AVB, HOG, TSS, SNV, PNY
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Daily Dividend Report: GGP, PKG, LAMR, COR, STC, GEF, SALMDaily Dividend Report: GGP, PKG, LAMR, COR, STC, GEF, SALM
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Daily Dividend Report: EXR, MBFI, WSBC, ANDE, UVE, HRS, WIBCDaily Dividend Report: EXR, MBFI, WSBC, ANDE, UVE, HRS, WIBC
Related symbols: EXR,MBFI,WSBC,ANDE,UVE,HRS,WIBC
Fed Tapers Bond BuyingFed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in FebruaryNonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
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Daily Market Wrap: July 12, 2012 | Market News Video | Copyright © 2008 - 2015, All Rights Reserved

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