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: Oil & Gas Exploration & Production, Entertainment Stocks
Related symbols: NFX, EXXI, BTN, MSG
Wednesday Sector Laggards: General Contractors & Builders, Precious Metals
Related symbols: TMHC, MTH, DRD, TRX
Tuesday Sector Leaders: Education & Training Services, Computer Peripherals
Related symbols: EDMC, ESI, FEYE, ZAGG
Wednesday's ETF with Unusual Volume: NOBL
Related symbols: NOBL, KO, T, MHFI, ECL
Wednesday's ETF Movers: XOP, GDXJ
Related symbols: NFX, EXXI, SBB.CA, DRD, GDXJ, XOP
SH, PXMC: Big ETF Outflows
Related symbols: SH, PXMC
Daily Dividend Report: AFL, WYNN, KIM, FNF, DPM, JLL, WFC
Related symbols: AFL, WYNN, KIM, FNF, DPM, JLL, WFC
Daily Dividend Report: AMTD, RGP, ACMP, BRX, IBM, BA, FTR
Related symbols: AMTD, RGP, ACMP, BRX, IBM, BA, FTR
Daily Dividend Report: PDS, AGN, DAL, K, PII, HRS, NE, GNC
Related symbols: PDS, AGN, DAL, K, PII, HRS, NE, GNC
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Related symbols: DRYS, F, MSFT, AAPL, TWC, V, TROW, MCK, MCK
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Daily Market Wrap: October 11, 2012
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