Daily Market Wrap: October 11, 2012 Thursday, October 11, 4:07 PM ET
A hopeful sign for the job market gave stocks a boost this morning but by the afternoon, the markets were trading flat.
The number of Americans filing first time unemployment benefits fell 30,000 to a seasonally adjusted 339,000, according to the Labor Department.
That number marks the lowest level in four and half years and is far better than economists expected.
Also on the economic front, the Commerce Department said the U.S. trade deficit rose to $44.2 billion in August.
Sprint rallied today as the company confirmed reports that Japan's Softbank could buy a majority stake in the wireless carrier.
Sprint has been struggling to keep up with rivals Verizon(NYSE:
VZ) and AT&T (NYSE: T).
Shares of Apple (NASDAQ:
AAPL) are trading lower today after a US appeals court overturned a preliminary injunction on the sale of Samsung's Galaxy Nexus smartphone.
Tomorrow, we'll take a look at the consumer sentiment report, as well as earnings from JPMorgan (NYSE:
JPM) and Wells Fargo (NYSE: WFC).
For Marketnewsvideo.com, I'm Sayoko Murase.
Nasdaq 100 Movers: INTU, PYPL
Related symbols: INTU, PYPL, TSCO, MU
S&P 500 Movers: SIG, JEC
Related symbols: SIG, JEC, CPB, MDT
Dow Movers: GE, AAPL
Related symbols: GE, AAPL, WMT, INTC
Tuesday Sector Laggards: Apparel Stores, Department Stores
Related symbols: DSW, NETS, JCP, DDS
Tuesday Sector Leaders: Computers, Diagnostics
Related symbols: CRAY, QTM, TDOC, DPLO
Monday Sector Laggards: Precious Metals, Oil & Gas Exploration & Production Stocks
Related symbols: EGI, DRD, IO, CRC
Tuesday's ETF with Unusual Volume: GXC
Related symbols: GXC, VIPS, BABA, CMCM
Tuesday's ETF Movers: MCHI, XRT
Related symbols: ATHM, WUBA, SIG, DSW, XRT, MCHI
PHB, RETL: Big ETF Outflows
Related symbols: PHB, RETL
Daily Dividend Report: BDX, HRL, ADI, PEG, CBS
Related symbols: BDX, HRL, ADI, PEG, CBS
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Related symbols: FISI, NTIC, PEP, GPC, WLK
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Related symbols: NKE, SYY, KEY, HD, BLK, FDX, KMB, ALL
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Daily Market Wrap: October 11, 2012
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