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Daily Market Wrap: August 28, 2012
Tuesday, August 28, 4:55 PM ET

It was a choppy day of trading on Wall Street as stocks traded flat amid mixed economic data.

The Conference Board is reporting an unexpected drop in consumer confidence in July to 60.6, falling short of economists' expectations.

Also on the economic front, home prices rose more than expected in June, up 0.5 percent in the 20 largest cities, according to the S&P/Case Shiller composite index.

Shares of Apple (NASDAQ:AAPL) are trading slightly lower just one day after the company's $1 billion copyright victory over Samsung. The verdict found that the Korean manufacturer had infringed on several of Apple's patents.

Lexmark (NYSE:LXK) announced it would cut nearly 13 percent of its workforce and walk away from the inkjet business and focus rather on its imaging and software businesses. Shares are trading higher on the news today.

Tomorrow, we'll take a look at the numbers for weekly mortgage applications as well as earnings results from Pandora (NYSE:P) and TiVo (NASDAQ:TIVO).

For Marketnewsvideo.com, I'm Sayoko Murase.

Daily Market Wrap: August 28, 2012 picture
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Related symbols: TICC,TSS
Friday 5/20 Insider Buying Report: FDC, QHCFriday 5/20 Insider Buying Report: FDC, QHC
Related symbols: FDC,QHC
Thursday 5/19 Insider Buying Report: WNRL, IDIThursday 5/19 Insider Buying Report: WNRL, IDI
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S&P 500 Movers: ROP, MONS&P 500 Movers: ROP, MON
Related symbols: ROP,MON
Nasdaq 100 Movers: CTRP, TRIPNasdaq 100 Movers: CTRP, TRIP
Related symbols: CTRP,TRIP
Dow Movers: XOM, AAPLDow Movers: XOM, AAPL
Related symbols: XOM,AAPL
Dow Analyst Moves: VDow Analyst Moves: V
Related symbols: V
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S&P 500 Analyst Moves: LRCXS&P 500 Analyst Moves: LRCX
Related symbols: LRCX
S&P 500 Analyst Moves: GOOGS&P 500 Analyst Moves: GOOG
Related symbols: GOOG
Monday Sector Laggards: Vehicle Manufacturers, Oil & Gas Refining & Marketing StocksMonday Sector Laggards: Vehicle Manufacturers, Oil & Gas Refining & Marketing Stocks
Related symbols: STS,FCAU,CVI,BAK
Monday Sector Leaders: Agriculture & Farm Products, Cigarettes & Tobacco StocksMonday Sector Leaders: Agriculture & Farm Products, Cigarettes & Tobacco Stocks
Related symbols: CRESY,SANW,XXII,AOI
Friday Sector Laggards: Precious Metals, Cigarettes & Tobacco StocksFriday Sector Laggards: Precious Metals, Cigarettes & Tobacco Stocks
Related symbols: THM,XRA,XXII,MO
Monday's ETF with Unusual Volume: PTFMonday's ETF with Unusual Volume: PTF
Related symbols: PTF,FB,CTSH,CRUS,CDW
Monday's ETF Movers: XME, ILFMonday's ETF Movers: XME, ILF
Related symbols: HAYN,CLF,PBR.A,CIG,ILF,XME
JNK, HJPX: Big ETF OutflowsJNK, HJPX: Big ETF Outflows
Related symbols: JNK,HJPX
Daily Dividend Report: NSP, AET, YUM, CCI, SYY, ZBH, WYDaily Dividend Report: NSP, AET, YUM, CCI, SYY, ZBH, WY
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Daily Dividend Report: KRC, MPW, BRCD, CATO, HD, NEE, HAL, AVB, STTDaily Dividend Report: KRC, MPW, BRCD, CATO, HD, NEE, HAL, AVB, STT
Related symbols: KRC,MPW,BRCD,CATO,HD,NEE,HAL,AVB,STT
Daily Dividend Report: CB, MMC, KEY, MO, TMO, A, APDDaily Dividend Report: CB, MMC, KEY, MO, TMO, A, APD
Related symbols: CB,MMC,KEY,MO,TMO,A,APD
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: August 28, 2012 | Market News Video | Copyright © 2008 - 2016, All Rights Reserved

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