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.
Wednesday Sector Laggards: Oil & Gas Exploration & Production, Metals & Mining Stocks
Related symbols: DVN, NFX, SLCA, SND
Wednesday Sector Leaders: Publishing, Paper & Forest Products
Related symbols: QUAD, LKSD, VRS, MERC
Tuesday Sector Laggards: Precious Metals, Advertising Stocks
Related symbols: VGZ, AAU, WPP, MDCA
SPY, KOLD: Big ETF Outflows
Related symbols: SPY, KOLD, AAPL, MSFT
GDX, DBO: Big ETF Inflows
Related symbols: GDX, DBO, NEM, ABX, CASH, CLTL
Wednesday's ETF with Unusual Volume: RWO
Related symbols: RWO, LHO, QTS, ACC
Daily Dividend Report: DHR, FL, AGO, NTR, FTI
Related symbols: DHR, FL, AGO, NTR, FTI
Daily Dividend Report: WMT, HD, WM, PEG, HAL
Related symbols: WMT, HD, WM, PEG, HAL
Daily Dividend Report: NEE, ITT, MPW, WEN, NUS
Related symbols: NEE, ITT, MPW, WEN, NUS
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
Daily Market Wrap: November 29, 2012
| Market News Video | Copyright © 2008 - 2018, 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.