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Daily Market Wrap: November 13, 2012
Tuesday, November 13, 4:20 PM ET

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 (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 (LTD).

For Marketnewsvideo.com, I'm Sayoko Murase.

Daily Market Wrap: November 13, 2012 picture
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EMLC, FUTS: Big ETF OutflowsEMLC, FUTS: Big ETF Outflows
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Daily Dividend Report: MJN, ROST, GPS, WYN, DLR, ECL, PPLDaily Dividend Report: MJN, ROST, GPS, WYN, DLR, ECL, PPL
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Daily Market Wrap: November 13, 2012 | Market News Video | Copyright © 2008 - 2015, All Rights Reserved

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