Strong retail earnings helped boost the markets this morning, but stocks were mixed later in the day over continued uncertainty over the looming fiscal cliff.
Home Depot (NYSE:HD) was among the retailers posting better than expected quarterly earnings with a 4.2 percent increase in same-store sales. The home improvement retailer also raised its outlook, thanks to an improvement in the housing market.
Dick's Sporting Goods (NYSE:DKS) reported third quarter earnings which beat estimates with same-store sales up 5.1 percent.
Saks (NYSE:SKS) said same-store sales in the current quarter were flat due to the impact of Hurricane Sandy.
The company also expects the storm to affect the upcoming holiday season.
Tomorrow, we'll take a look at the numbers for weekly mortgage applications as well as earnings from Staples (NASDAQ:SPLS) and Limited Brands (NYSE:LTD).
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