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.
Wednesday Sector Laggards: Oil & Gas Exploration & Production, Beverages & Wineries
Related symbols: SGY, PES, TAP, COKE
Wednesday Sector Leaders: Biotechnology, Precious Metals
Related symbols: SQNM, FOLD, WRN, VGZ
Tuesday Sector Laggards: Cigarettes & Tobacco, Restaurants & Eateries
Related symbols: RAI, XXII, CHUY, LOCO
HEWJ, FTW: Big ETF Outflows
Related symbols: HEWJ, FTW, EWJ
HEWG, GLL: Big ETF Inflows
Related symbols: HEWG, GLL, EWG
Wednesday's ETF with Unusual Volume: DLN
Related symbols: DLN, AAPL, BAC, STT, JNPR
Daily Dividend Report: SPG, BBT, MPC, CG, AAPL, XOM, WFC, CMCSA, MRK, MCK
Related symbols: SPG, BBT, MPC, CG, AAPL, XOM, WFC, CMCSA, MRK, MCK
Daily Dividend Report: IBM, GILD, COST, AEP, EXC, ETN, FIS
Related symbols: IBM, GILD, COST, AEP, EXC, ETN, FIS
Daily Dividend Report: AMGN, NLSN, MAC, CF, EE, WWD
Related symbols: AMGN, NLSN, MAC, CF, EE, WWD
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Daily Market Wrap: November 14, 2012
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