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.
Thursday Sector Laggards: Metals & Mining, Shipping Stocks
Related symbols: SND, HCLP, LPG, SB
Thursday Sector Leaders: Textiles, Agriculture & Farm Products
Related symbols: KGJI, FOSL, UAN, AGRO
Wednesday Sector Laggards: Railroads, Trucking Stocks
Related symbols: CSX, NSC, CVTI, CGI
Thursday's ETF with Unusual Volume: IPW
Related symbols: IPW, MEG.CA, CVE.CA, PD.CA
Thursday's ETF Movers: XBI, OIH
Related symbols: SRPT, ESPR, FMSA, SLCA, OIH, XBI
KBWB, FTXG: Big ETF Outflows
Related symbols: KBWB, FTXG, PEP, KO
Daily Dividend Report: C, PPG, SWK, MMP, CAG, SJM, WST, TXN, BLK, KMI
Related symbols: C, PPG, SWK, MMP, CAG, SJM, WST, TXN, BLK, KMI
Daily Dividend Report: NTRS, NEM, ALLY, V, SHW, GLW
Related symbols: NTRS, NEM, ALLY, V, SHW, GLW
Daily Dividend Report: UNM, SO, BAX, PEG, CE, AES, CIT
Related symbols: UNM, SO, BAX, PEG, CE, AES, CIT
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Daily Market Wrap: October 11, 2012
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