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.
Monday Sector Laggards: Music & Electronics Stores, General Contractors & Builders
Related symbols: CONN, RCII, GRBK, LGIH
Monday Sector Leaders: Agriculture & Farm Products, Metals & Mining Stocks
Related symbols: TYHT, UAN, METC, THM
Friday Sector Laggards: Metals Fabrication & Products, Sporting Goods & Activities
Related symbols: AQMS, BLL, VSTO, CLUB
Monday's ETF with Unusual Volume: DES
Related symbols: DES, HL, GME, CNSL, AGX
Monday's ETF Movers: XME, FM
Related symbols: CEIX, CENX, IRS, CRESY, FM, XME
VRP, PTH: Big ETF Outflows
Related symbols: VRP, PTH, EXAS, ALGN
Daily Dividend Report: AES, SHO, BFS, CSCO, TSS
Related symbols: AES, SHO, BFS, CSCO, TSS
Daily Dividend Report: BMY, ECL, EIX, WEC, EMN
Related symbols: BMY, ECL, EIX, WEC, EMN
Daily Dividend Report: AMT, CME, WPC, TTC, VZ, PM, GD
Related symbols: AMT, CME, WPC, TTC, VZ, PM, GD
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Daily Market Wrap: November 14, 2012
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