Daily Market Wrap: September 11, 2012 Tuesday, September 11, 4:37 PM ET
The markets were in positive territory today due to speculation that the Fed will make a move to boost the economy.
In corporate news, Navistar (NYSE:
NAV) was higher after Carl Icahn issued an open letter to shareholders stating that his his previous comments were demands, not threats.
GRPN) was higher after ComScore data showed an increase in traffic to its website.
TRV) hit an all-time high after an announcement that insurance rates continued to rise during the third quarter.
Shares of luxury retailers, including Tiffany (NYSE:
TIF), Ralph Lauren (NYSE: RL) and Coach (NYSE: COH), were lower after Burberry issued an earnings warning.
For MarketNewsVideo.com, I'm Tracey Fitzpatrick.
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Wednesday Sector Laggards: General Contractors & Builders, Precious Metals
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Tuesday Sector Leaders: Biotechnology, Metals Fabrication & Products
Related symbols: MDXG, CBMG, PGTI, NOR
Wednesday's ETF with Unusual Volume: MTUM
Related symbols: MTUM, FB, YHOO, HUM
Wednesday's ETF Movers: FDN, XLU
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Daily Market Wrap: September 11, 2012
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