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: 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
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Daily Market Wrap: November 14, 2012
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