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.
Thursday Sector Laggards: Apparel Stores, Shipping Stocks
Related symbols: LB, ZUMZ, MATX, DAC
Thursday Sector Leaders: Rental, Leasing, & Royalty, Oil & Gas Exploration & Production Stocks
Related symbols: SDT, ROYT, EPE, XCO
Wednesday Sector Laggards: Precious Metals, Biotechnology Stocks
Related symbols: TRX, GOLD, CYTX, TROV
Thursday's ETF with Unusual Volume: VV
Related symbols: VV, BAC, WFT, MCK
Thursday's ETF Movers: GDXJ, IYZ
Related symbols: GORO, EXK, VG, CTL, IYZ, GDXJ
JNK, IGN: Big ETF Outflows
Related symbols: JNK, IGN, MSI, HRS
Daily Dividend Report: PSX, CAH, CA, KHC, KMB, COF
Related symbols: PSX, CAH, CA, KHC, KMB, COF
Daily Dividend Report: PEP, MAN, PAG, UFS, AXP, ICE, STJ
Related symbols: PEP, MAN, PAG, UFS, AXP, ICE, STJ
Daily Dividend Report: BAX, RGR, BA, AIG, EMR, EL, LLL
Related symbols: BAX, RGR, BA, AIG, EMR, EL, LLL
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Daily Market Wrap: November 14, 2012
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