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.
S&P 500 Movers: PAYX, FCX
Related symbols: PAYX, FCX, LEG, CTAS
Nasdaq 100 Movers: PAYX, INCY
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Dow Movers: MCD, CAT
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Tuesday Sector Laggards: Oil & Gas Exploration & Production, Precious Metals
Related symbols: VNR, CHK, BTG, SSRI
Tuesday Sector Leaders: Airlines, Medical Instruments & Supplies
Related symbols: LUV, ASR, GI, TNDM
Monday Sector Laggards: Textiles, Education & Training Services
Related symbols: DXYN, FOSL, UTI, BPI
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JNK, XHE: Big ETF Inflows
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Related symbols: MAS, WPC, RTN, CAG, UDR
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Daily Market Wrap: November 14, 2012
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