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.
Friday Sector Leaders: Defense, Auto Dealerships
Related symbols: ARTX, ATK, PRTS, PAG
Friday Sector Laggards: Computer Peripherals, Precious Metals
Related symbols: TACT, FEYE, REE, NG
Thursday Sector Leaders: Metals Fabrication & Products, Oil & Gas Refining & Marketing Stocks
Related symbols: TAS, MTRN, PBF, YPF
Friday's ETF with Unusual Volume: IBB
Related symbols: IBB, GILD, ARIA, AGIO, NLNK
Friday's ETF Movers: KRE, GDXJ
Related symbols: Friday'sETFMovers:KRE, GDXJ
EEM, IFNA: Big ETF Outflows
Related symbols: EEM, IFNA, MBT, BAP, SPG, PSA
Daily Dividend Report: HRC, TCO, AMT, CVS
Related symbols: HRC, TCO, AMT, CVS
Daily Dividend Report: NMFC, MITT, AE
Related symbols: NMFC, MITT, AE
Dividend Increases: GD, DVN, MLR
Related symbols: GD, DVN, MLR
Weekly Market Wrap: March 7, 2014
Related symbols: GD, TCO, HRC
Weekly Market Wrap: February 28, 2014
Related symbols: M, TOL, TGT
Weekly Market Wrap: February 21, 2014
Related symbols: SIG, ZLC, KO, WMT, DISH
Week Ahead Market Report: March 3, 2014
Related symbols: RSH, BYD, ALG, VLP
Dow Movers: JPM, WMT
Related symbols: JPM, WMT
Week Ahead Market Report: February 24, 2014
Related symbols: FSLR, LB, SPLK, LINTA
All videos » |
Stock market definitions »
Daily Market Wrap: October 11, 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.