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: Precious Metals, Shipping Stocks
Related symbols: TGD, THM, SSW, NM
Tuesday Sector Leaders: General Contractors & Builders, Trucking Stocks
Related symbols: BZH, TOL, USAK, PTSI
Monday Sector Laggards: Vehicle Manufacturers, Oil & Gas Refining & Marketing Stocks
Related symbols: STS, FCAU, CVI, BAK
Tuesday's ETF with Unusual Volume: DSI
Related symbols: DSI, BBY, MSFT, FLDM
Tuesday's ETF Movers: ITB, NANR
Related symbols: BZH, TOL, K.CA, CF, NANR, ITB
SPY, IBMJ: Big ETF Outflows
Related symbols: SPY, IBMJ, AAPL, MSFT
Daily Dividend Report: PCG, CBT, MRK, ALL, HRL, THG
Related symbols: PCG, CBT, MRK, ALL, HRL, THG
Daily Dividend Report: NSP, AET, YUM, CCI, SYY, ZBH, WY
Related symbols: NSP, AET, YUM, CCI, SYY, ZBH, WY
Daily Dividend Report: KRC, MPW, BRCD, CATO, HD, NEE, HAL, AVB, STT
Related symbols: KRC, MPW, BRCD, CATO, HD, NEE, HAL, AVB, STT
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Daily Market Wrap: November 14, 2012
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