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: Packaging & Containers, Agriculture & Farm Products
Related symbols: SEE, WRK, TYHT, UAN
Monday Sector Leaders: Music & Electronics Stores, Drugs
Related symbols: SYX, BBY, IPXL, RGLS
Friday Sector Laggards: Music & Electronics Stores, Non-Precious Metals & Non-Metallic Mining Stocks
Related symbols: GME, CONN, SXC, RELY
Monday's ETF with Unusual Volume: KBWR
Related symbols: KBWR, FNB, FHN, WAFD, WABC
Monday's ETF Movers: PJP, VOX
Related symbols: IPXL, AKRX, WIN, FTR, VOX, PJP
MOAT, LABD: Big ETF Outflows
Related symbols: MOAT, LABD, CERN, AGN
Daily Dividend Report: LOW, YUM, IMKTA, EBF, WMAR
Related symbols: LOW, YUM, IMKTA, EBF, WMAR
Daily Dividend Report: UDR, HPE, MAA, MAS, LW
Related symbols: UDR, HPE, MAA, MAS, LW
Daily Dividend Report: INTC, ACN, CPB, SLG, DRI, FCH
Related symbols: INTC, ACN, CPB, SLG, DRI, FCH
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Daily Market Wrap: November 14, 2012
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