Daily Market Wrap: November 14, 2012 Wednesday, November 14, 4:55 PM ET
It was a down day for the markets, despite strong earnings reports as investors remain concerned about U.S. budget negotiations.
The Mortgage Bankers Association is reporting a 12.6 percent increase in weekly mortgage applications last week, following a drop in applications in the previous week due to Hurricane Sandy.
SPLS) narrowly beat earnings expectations, although overall revenue was affected by weakness in Europe and Australia.
Back in September, the office supply retailer announced plans to close 30 stores in North America and 45 in Europe.
Tech stocks got a boost from Cisco Systems (NASDAQ:
CSCO) as the company reported quarterly earnings and revenue which exceeded expectations, sending shares higher today.
Tomorrow, we'll take a look at the numbers for weekly jobless claims as well as earnings from Target (NYSE:
TGT) and Wal-Mart (NYSE: WMT).
For Marketnewsvideo.com, I'm Sayoko Murase.
Wednesday Sector Laggards: Precious Metals, Entertainment Stocks
Related symbols: HMY, GFI, SFXE, EROS
Wednesday Sector Leaders: Defense, Drugs
Related symbols: HII, LMT, TRVN, RPTP
Tuesday Sector Laggards: Metals & Mining, Oil & Gas Exploration & Production Stocks
Related symbols: ACI, BTU, PGH, TPLM
Wednesday's ETF with Unusual Volume: FTCS
Related symbols: FTCS, CSCO, XOM, LMT, CMI
Wednesday's ETF Movers: XBI, GDX
Related symbols: RPTP, TSRO, HMY, GFI, GDX, XBI
UUP, VIXY: Big ETF Outflows
Related symbols: UUP, VIXY
Daily Dividend Report: AVB, HOG, TSS, SNV, PNY
Related symbols: AVB, HOG, TSS, SNV, PNY
Daily Dividend Report: GGP, PKG, LAMR, COR, STC, GEF, SALM
Related symbols: GGP, PKG, LAMR, COR, STC, GEF, SALM
Daily Dividend Report: EXR, MBFI, WSBC, ANDE, UVE, HRS, WIBC
Related symbols: EXR, MBFI, WSBC, ANDE, UVE, HRS, WIBC
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Daily Market Wrap: November 14, 2012
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