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.
Friday Sector Laggards: Education & Training Services, Semiconductors
Related symbols: DV, UTI, SIMO, MXIM
Friday Sector Leaders: Non-Precious Metals & Non-Metallic Mining, Airlines
Related symbols: VALE, SCHN, HA, HUBG
Thursday Sector Laggards: General Contractors & Builders, Vehicle Manufacturers
Related symbols: PHM, SPF, GM, STS
Friday's ETF with Unusual Volume: VFH
Related symbols: VFH, BAC, HBAN, EHTH, RCAP
Friday's ETF Movers: FDN, GDXJ
Related symbols: AMZN, JNPR, MDW, AKG.CA, GDXJ, FDN
IYR, GGOV: Big ETF Outflows
Related symbols: IYR, GGOV, SPG, AMT
Daily Dividend Report: SPG, PFG, RF, AVY, PFE, V
Related symbols: SPG, PFG, RF, AVY, PFE, V
Daily Dividend Report: JNJ, AMP, COL, NDAQ, TWX, LMT, PH, SCHW
Related symbols: JNJ, AMP, COL, NDAQ, TWX, LMT, PH, SCHW
Daily Dividend Report: NLSN, RCI, WNR, PCAR, TXT, DHI
Related symbols: NLSN, RCI, WNR, PCAR, TXT, DHI
Weekly Market Wrap: April 24, 2015
Related symbols: MSFT, VALE, CMCSA, AAPL
Weekly Market Wrap: April 10, 2015
Related symbols: BAC, GE, RAD, F, ZNGA
Weekly Market Wrap: April 2, 2015
Related symbols: BAC, MU, MSFT
Week Ahead Market Report: April 13, 2015
Related symbols: GE, AAPL, BAC, JPM, NOK
Week Ahead Market Report: April 6, 2015
Related symbols: AAPL, BAC, RAD, AMAT
Week Ahead Market Report: March 30, 2015
Related symbols: AAPL, BAC, INTC, AYI, CONN, MU
All videos » |
Stock market definitions »
Daily Market Wrap: November 29, 2012
| Market News Video | Copyright © 2008 - 2015, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.