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.
Thursday Sector Leaders: General Contractors & Builders, Education & Training Services
Related symbols: PHM, MTH, LRN, BPI
Thursday Sector Laggards: Precious Metals, Oil & Gas Exploration & Production Stocks
Related symbols: EXK, GSS, AREX, CRK
Wednesday Sector Leaders: Aerospace & Defense, Computer Peripherals
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Thursday's ETF with Unusual Volume: PSI
Related symbols: PSI, INTC, MU, MKSI, CRUS
Thursday's ETF Movers: ITB, GDXJ
Related symbols: PHM, MTH, EXK, PRU.CA, GDXJ, ITB
EWJ, NYCC: Big ETF Outflows
Related symbols: EWJ, NYCC, KKR, LUK
Daily Dividend Report: POT, AVB, RCI, DGX, PAG, XOM, V, MCD, HPQ, LMT, MCK
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Daily Market Wrap: November 29, 2012
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