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.
Wednesday Sector Laggards: Oil & Gas Equipment & Services, Oil & Gas Exploration & Production Stocks
Related symbols: ANW, NE, EXXI, TRCH
Wednesday Sector Leaders: Non-Precious Metals & Non-Metallic Mining, Apparel Stores
Related symbols: NAK, TGB, URBN, AEO
Tuesday Sector Laggards: Specialty Retail, Apparel Stores
Related symbols: DKS, HIBB, NETS, BKE
Wednesday's ETF with Unusual Volume: VPL
Related symbols: VPL, BHP, SMFG, WOPEY, WF
Wednesday's ETF Movers: XME, OIH
Related symbols: FCX, SCHN, NE, ESV, OIH, XME
JNK, UXI: Big ETF Outflows
Related symbols: JNK, UXI, GE, BA
Daily Dividend Report: KSU, PF, UNH, MMM, MTB, AAN
Related symbols: KSU, PF, UNH, MMM, MTB, AAN
Daily Dividend Report: COH, WHR, AAP, THG, DKS, MLI
Related symbols: COH, WHR, AAP, THG, DKS, MLI
Daily Dividend Report: BMI, AEE, BRKR, OFC, TUP, CUB, KRG
Related symbols: BMI, AEE, BRKR, OFC, TUP, CUB, KRG
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.