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: Water Utilities, Computer Peripherals
Related symbols: YORW, SJW, DGII, IMMR
Friday Sector Leaders: Precious Metals, Shipping Stocks
Related symbols: TGD, PLG, GSL, NM
Thursday Sector Laggards: Shipping, Oil & Gas Exploration & Production Stocks
Related symbols: CMRE, DAC, ZN, EPE
Friday's ETF with Unusual Volume: FRI
Related symbols: FRI, VER, DDR, UMH, CXW
Friday's ETF Movers: GDXJ, KRE
Related symbols: PPP, BTG, TCBI, BANC, KRE, GDXJ
SDS, IGN: Big ETF Outflows
Related symbols: SDS, IGN, HRS, CSCO
Daily Dividend Report: AFG, WSO, LTC, ALG, OZRK
Related symbols: AFG, WSO, LTC, ALG, OZRK
Daily Dividend Report: DRI, ERS, DIS, FUL
Related symbols: DRI, ERS, DIS, FUL
Daily Dividend Report: GIS, WOR, MKC, NYT, WERN
Related symbols: GIS, WOR, MKC, NYT, WERN
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 - 2016, 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.