Daily Market Wrap: October 24, 2012 Wednesday, October 24, 5:06 PM ET
Better than expected housing data and positive earnings reports gave investors reason to be optimistic as the markets made a bit of a recovery today.
The Commerce Department is reporting a 5.7 percent rise in new home sales in September to a seasonally adjusted annual rate of 389,000.
That number was better than economists' expectations for a total of 385,000 annualized units.
Also on the economic front, weekly mortgage applications fell 2.3 percent last week, as interest rates increased, according to the Mortgage Bankers Association.
Shares of Netflix (NASDAQ:
NFLX) tumbled today after the company cut its full year subscriber forecast, prompting several brokerages to slash their price targets on the firm.
In M&A news, Nike (NYSE:
NKE) announced that Iconix Brand (NASDAQ: ICON) will buy its Umbro brand in a deal worth nearly $225 million.
Tomorrow, we'll take a look at the numbers for weekly jobless claims as well as earnings from ConocoPhillips (NYSE:
For Marketnewsvideo.com, I'm Sayoko Murase.
Friday Sector Laggards: Publishing, Apparel Stores
Related symbols: TIME, MDP, VNCE, DXLG
Friday Sector Leaders: Precious Metals, Non-Precious Metals & Non-Metallic Mining Stocks
Related symbols: AEM, GPL, ZEUS, CSTM
Thursday Sector Laggards: Oil & Gas Exploration & Production, Precious Metals
Related symbols: NBR, TRCH, NGD, GG
Friday's ETF with Unusual Volume: PXLV
Related symbols: PXLV, BAC, F, TRI, COF
Friday's ETF Movers: GDXJ, IYZ
Related symbols: GPL, EXK, NIHD, SPOK, IYZ, GDXJ
XME, ULE: Big ETF Outflows
Related symbols: XME, ULE, CDE, ATI
Daily Dividend Report: IMO, PFG, SBUX, GM, AFL, FIS, K
Related symbols: IMO, PFG, SBUX, GM, AFL, FIS, K
Daily Dividend Report: XOM, JNJ, SU, XLNX, PFE, CVX, KO
Related symbols: XOM, JNJ, SU, XLNX, PFE, CVX, KO
Daily Dividend Report: PCAR, GWW, MET, ANTM, MPC
Related symbols: PCAR, GWW, MET, ANTM, MPC
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
Daily Market Wrap: October 24, 2012
| Market News Video | Copyright © 2008 - 2017, 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.