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, Precious Metals
Related symbols: CCLP, RIG, NGD, CDE
Wednesday Sector Leaders: Music & Electronics Stores, Home Furnishings & Improvement Stocks
Related symbols: CONN, JD, TTS, SCSS
Tuesday Sector Laggards: Agriculture & Farm Products, Precious Metals
Related symbols: AGRO, CRESY, IAG, NSU
Wednesday's ETF with Unusual Volume: PIZ
Related symbols: PIZ, ASML, SHOP
Wednesday's ETF Movers: IHF, IGE
Related symbols: KND, DVA, RIG, NGD, IGE, IHF
IEI, GASX: Big ETF Outflows
Related symbols: IEI, GASX
Daily Dividend Report: CTAS, CIT, LLY, MS, SO, LLL
Related symbols: CTAS, CIT, LLY, MS, SO, LLL
Daily Dividend Report: FTS, VMC, WHR, LNT, NNN, SON
Related symbols: FTS, VMC, WHR, LNT, NNN, SON
Daily Dividend Report: D, AEE, NEE, EPD, AON, F
Related symbols: D, AEE, NEE, EPD, AON, F
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Daily Market Wrap: November 14, 2012
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