Daily Market Wrap: November 29, 2012 Thursday, November 29, 4:25 PM ET
It was a choppy day of trading on Wall Street with all the major indices in positive territory by mid afternoon, following the release of mostly better-than-expected economic data this morning.
The number of Americans filing first time unemployment claims fell 23,000 to a seasonally adjusted 393,000 last week, according to the Labor Department. Economists expected 390,000 claims.
The Commerce Department said the economy grew at a 2.7 percent annual rate, falling short of economists' expectations for a reading of 2.8 percent.
Also on the economic front, the National Association of Realtors is reporting a 5.2 percent increase in pending home sales in October, marking the highest level in more than 5 years.
Grocery store operator Kroger (NYSE:
KR) posted a 62 percent increase in fiscal third quarter net profit, and the company also raised its profit outlook for the year.
Shares of Tiffany(NYSE:
TIF) are trading lower today, after missing earnings expectations. The high-end retailer also lowered its fiscal year sales and profit forecast.
For MarketNewsVideo.com, I'm Sayoko Murase.
Analyst Moves: ORCL, HK, KSS
Related symbols: ORCL, HK, KSS, BMO, MS, BAC
Analyst Moves: TUMI, ARO, C, SJM
Related symbols: TUMI, ARO, C, SJM, GS, JEF, DB, WFC
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Thursday Sector Laggards: Apparel Stores, Water Utilities
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Thursday's ETF with Unusual Volume: REZ
Related symbols: REZ, BRE, EQR, ESS, AIV
Thursday's ETF Movers: XME, GDXJ
Related symbols: SLCA, BTU, CSI.CA, OGC.CA, GDXJ, XME
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Related symbols: FVD, FVL, AAPL, WMK, AMKR, SPR
Daily Dividend Report: VZ, RAI, CCJ, VVI
Related symbols: VZ, RAI, CCJ, VVI
Daily Dividend Report: TD, BDC, GES, HI, ETH
Related symbols: TD, BDC, GES, HI, ETH
Daily Dividend Report: RY, GD, HES, RCL, DIS
Related symbols: RY.GD, HES, RCL, DIS
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Daily Market Wrap: November 29, 2012
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