Daily Market Wrap: August 29, 2012 Wednesday, August 29, 4:41 PM ET
The markets held onto modest gains following the Fed's Beige Book report which indicated that the economy grew gradually in July and early August.
Gross domestic product grew at a 1.7 percent annual rate in the second quarter, according to the Commerce Department. The growth was better than originally estimated by the government.
The National Association of Realtors said that pending home sales rose 2.4 percent to 101.7, which exceeded economists' expectations for a gain of one percent.
The Mortgage Bankers Association is reporting a 4.3 percent decline in weekly mortgage applications last week, as demand for refinancing dropped for the fourth week in a row.
H.J. Heinz (
HNZ) beat earnings expectations with first quarter 2013 adjusted earnings of 87 cents a share.
Joy Global reported a 12 percent increase in third quarter earnings but the mining equipment maker cut its full-year profit and sales forecasts.
Tomorrow we'll get a look at the numbers for weekly jobless claims as well as earnings results from Zumiez (NASDAQ:
For Marketnewsvideo.com, I'm Sayoko Murase.
Nasdaq 100 Movers: PAYX, JBHT
Related symbols: PAYX, JBHT, FOXA, JD
S&P 500 Movers: PAYX, TRIP
Related symbols: ARNC, AAP, PAYX, TRIP
Dow Movers: MSFT, JPM
Related symbols: MSFT, JPM, CAT, V
Wednesday Sector Laggards: Rental, Leasing, & Royalty, Cigarettes & Tobacco Stocks
Related symbols: NDRO, PCO, XXII, AOI
Wednesday Sector Leaders: Non-Precious Metals & Non-Metallic Mining, Paper & Forest Products
Related symbols: NAK, ATI, KOP, UFS
Tuesday Sector Laggards: Music & Electronics Stores, Semiconductors
Related symbols: SYX, VOXX, CAMT, CYBE
Wednesday's ETF with Unusual Volume: VO
Related symbols: VO, AMD, RAD, ARNC, AAP
Wednesday's ETF Movers: XME, XLU
Related symbols: TMST, ATI, NI, CNP, XLU, XME
DBE, DUST: Big ETF Outflows
Related symbols: DBE, DUST, CLTL
Daily Dividend Report: GIS, MA, SPGI, CPB, MKC
Related symbols: GIS, MA, SPGI, CPB, MKC
Daily Dividend Report: DRI, BA, PMT, RGCO
Related symbols: DRI, BA, PMT, RGCO
Daily Dividend Report: IMKTA, DGAS, PFBC, CAFD, PLYM
Related symbols: IMKTA, DGAS, PFBC, CAFD, PLYM
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Daily Market Wrap: August 29, 2012
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