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: Trucking, Airlines
Related symbols: CVTI, CGI, SKYW, ALK
Wednesday Sector Leaders: Rental, Leasing, & Royalty, Metals & Mining Stocks
Related symbols: ROYT, HGT, CNXC, SND
Tuesday Sector Laggards: Hospital & Medical Practitioners, Precious Metals
Related symbols: QHC, CYH, GG, RIC
Wednesday's ETF with Unusual Volume: FTLS
Related symbols: FTLS, SPY, F, NLNK, AMN
Wednesday's ETF Movers: XOP, IAT
Related symbols: CHK, DNR, NYCB, WBS, IAT, XOP
QQQ, RDVY: Big ETF Outflows
Related symbols: QQQ, RDVY, AAPL, MSFT, ADM, NKE
Daily Dividend Report: WOR, CAC, LMNR, BANR, MFNC
Related symbols: WOR, CAC, LMNR, BANR, MFNC
Daily Dividend Report: AXP, SNX, PMT, CMCO, RGCO
Related symbols: AXP, SNX, PMT, CMCO, RGCO
Daily Dividend Report: LOW, YUM, IMKTA, EBF, WMAR
Related symbols: LOW, YUM, IMKTA, EBF, WMAR
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Daily Market Wrap: November 14, 2012
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