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.
Friday Sector Leaders: Music & Electronics Stores, Information Technology Services
Related symbols: RSH, CONN, RALY, SPLK
Friday Sector Laggards: Shipping, Department Stores
Related symbols: FRO, NM, FRED, BIG
Thursday Sector Leaders: Music & Electronics Stores, Rental, Leasing, & Royalty Stocks
Related symbols: RSH, BBY, ECT, SJT
Friday's ETF with Unusual Volume: IXN
Related symbols: IXN, AAPL, INTC, AVGO, PAYX
Friday's ETF Movers: XBI, PIZ
Related symbols: UTHR, ARWR, IHG, GRF, PIZ, XBI
EWJ, UGE: Big ETF Outflows
Related symbols: EWJ, UGE, ATVI, MO
Daily Dividend Report: EIX, RRC, LRCX, LINE, LNCO, PKG, BIG, BWS
Related symbols: EIX, RRC, LRCX, LINE, LNCO, PKG, BIG, BWS
Daily Dividend Report: TD, HUM, ROC, WR, CBL, PPS, OFG
Related symbols: TD, HUM, ROC, WR, CBL, PPS, OFG
Daily Dividend Report: BBY, SLH, CSCO, DE, BDC, GEF
Related symbols: BBY, SLH, CSCO, DE, BDC, GEF
Weekly Market Wrap: August 29, 2014
Related symbols: RSH, AAPL, BAC, TWTR, HUM, BBY, CSCO, LOW, PPL, SYY
Weekly Market Wrap: August 22, 2014
Related symbols: BAC, AAPL, CRM, NOC, JWN, JOY, CTL, WHR, GPS
Weekly Market Wrap: August 15, 2014
Related symbols: JCP, BAC, SIRI, AAPL, MMM, NKE, EFX, UNH, PRU
Week Ahead Market Report: August 25, 2014
Related symbols: BAC, ITMN, AAPL, JCP, TIF, GCO, BIG, BBY
Week Ahead Market Report: August 18, 2014
Related symbols: AMD, DG, AAPL, DKS, HD, AEO, HP, GPS, DLTR, FL
Week Ahead Market Report: August 11, 2014
Related symbols: KMI, AAPL, BAC, FST, URS, CSCO, AAP, JCP, EL
All videos » |
Stock market definitions »
Daily Market Wrap: August 29, 2012
| Market News Video | Copyright © 2008 - 2014, 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.