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 Leaders: Music & Electronics Stores, Entertainment Stocks
Related symbols: CONN, RCII, DWA, LGF
Monday Sector Laggards: Textiles, Paper & Forest Products
Related symbols: SQBG, VRS, KS
Friday Sector Leaders: Music & Electronics Stores, Asset Management Stocks
Related symbols: RSH, HGG, JNS, LM
Monday's ETF with Unusual Volume: FXN
Related symbols: FXN, XOM, CHK, LPI, RDC
Monday's ETF Movers: XOP, ILF
Related symbols: ATHL, LPI, PBR.A, BBD, ILF, XOP
EWU, UVXY: Big ETF Outflows
Related symbols: EWU, UVXY, IHG
Daily Dividend Report: CLC, AYI, MORN, ARP, QRE
Related symbols: CLC, AYI, MORN, ARP, QRE
Daily Dividend Report: T, MAS, SCS, PIR, LNN, DOC
Related symbols: T, MAS, SCS, PIR, LNN, DOC
Daily Dividend Report: CVS, CW, WOR, LMT, WGL, DEL
Related symbols: CVS, CW, WOR, LMT, WGL, DEL
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Daily Market Wrap: November 14, 2012
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