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.
Tuesday Sector Laggards: Drugs, Biotechnology Stocks
Related symbols: CLCD, XNPT, EXAS, ILMN
Tuesday Sector Leaders: Oil & Gas Exploration & Production, Rental, Leasing, & Royalty Stocks
Related symbols: UNT, SGY, ROYT, SDR
Monday Sector Laggards: Water Utilities, Sporting Goods & Activities
Related symbols: CDZI, AWR, CLUB, WBAI
Tuesday's ETF with Unusual Volume: CWI
Related symbols: CWI, VALE, ITUB, FM.CA, CTC.A.CA
Tuesday's ETF Movers: OIH, FBT
Related symbols: SPN, SDRL, EXAS, ILMN, FBT, OIH
DXJ, SCTO: Big ETF Outflows
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Daily Dividend Report: ALB, TEP, TEGP, MVO
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Daily Dividend Report: GG, AYI, R, TK, WDFC, TNK
Related symbols: GG, AYI, R, TK, WDFC, TNK
Daily Dividend Report: THO, CVS, ZTS, SSS, FUL, CMRE, ALG
Related symbols: THO, CVS, ZTS, SSS, FUL, CMRE, ALG
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Daily Market Wrap: November 14, 2012
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