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.
Nasdaq 100 Movers: INCY, CDNS
Related symbols: INCY, CDNS, PCAR, INTC
S&P 500 Movers: WAT, CDNS
Related symbols: WAT, CDNS, MMM, FITB
Dow Movers: MMM, INTC
Related symbols: MMM, INTC, TRV, CAT
Tuesday Sector Laggards: Cigarettes & Tobacco, Defense Stocks
Related symbols: XXII, AOI, LMT, NOC
Tuesday Sector Leaders: Credit Services & Lending, Specialty Retail Stocks
Related symbols: CLDC, SC, EVLV, BGFV
Monday Sector Laggards: Precious Metals, Metals Fabrication & Products
Related symbols: AXU, TAHO, AA, AQMS
Tuesday's ETF with Unusual Volume: SPYV
Related symbols: SPYV, BAC, FCX, WHR
Tuesday's ETF Movers: IAT, XLI
Related symbols: FITB, BPOP, MMM, MAS, XLI, IAT
NUGT, EURL: Big ETF Outflows
Related symbols: NUGT, EURL
Daily Dividend Report: IBM, AMP, BDX, NSC, ETN
Related symbols: IBM, AMP, BDX, NSC, ETN
Daily Dividend Report: OKE, PH, SCHW, HUM, HON
Related symbols: OKE, PH, SCHW, HUM, HON
Daily Dividend Report: V, KMI, MS, BK, SHW
Related symbols: V, KMI, MS, BK, SHW
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Daily Market Wrap: November 14, 2012
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