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.
Wednesday Sector Leaders: Rental, Leasing, & Royalty, Precious Metals
Related symbols: HGT, MTR, ANV, MVG
Wednesday Sector Laggards: General Contractors & Builders, Sporting Goods & Activities
Related symbols: MTH, HXM, MANU, WBAI
Monday Sector Leaders: Rental, Leasing, & Royalty, Department Stores
Related symbols: REFR, NRT, JCP, SHLD
Wednesday's ETF with Unusual Volume: FEMS
Related symbols: FEMS, JASO, DANG, IMOS, XIN
Wednesday's ETF Movers: GDX, XBI
Related symbols: ASR.CA, DGC.CA, PBYI, ICPT, XBI, GDX
XLV, CHIX: Big ETF Outflows
Related symbols: XLV, CHIX, JNJ, PFE
Daily Dividend Report: CNI, MWE, SXL, CMA, DD
Related symbols: CNI, MWE, SXL, CMA, DD
Daily Dividend Report: MET, SPG, SO, NBL, SYK
Related symbols: MET, SPG, SO, NBL, SYK
Daily Dividend Report: OKE, NRG, HAS, ED, COL
Related symbols: OKE, NRG, HAS, ED, COL
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Daily Market Wrap: October 11, 2012
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