Daily Market Wrap: November 7, 2012 Wednesday, November 7, 4:16 PM ET
All the major indices were sharply lower today on the heels of President Barack Obama's re-election.
On the economic front, the Mortgage Bankers Association is reporting a 5 percent drop in weekly mortgage applications last week, due to Hurricane Sandy which battered the Northeast.
Kraft Foods (
KRFT) said earnings for the third quarter rose 13 percent. ¬†The newly¬†independent packaged food-maker also backed its outlook for 2013.
Time Warner (NYSE:
TWC) beat earnings expectations, while revenue fell 3 percent, missing expectations of $6.98 billion.
Also among earnings Macy's (NYSE:
M) also topped earnings estimates but issued weak guidance for the holiday season. ¬†
Tomorrow, we'll take a look at the numbers for weekly jobless claims as well as earnings from Disney (NYSE:
DIS) and Nordstrom (NYSE: JWN).
For Marketnewsvideo.com, I'm Sayoko Murase.
Tuesday Sector Laggards: Drugs, Biotechnology Stocks
Related symbols: CLCD, XNPT, EXAS, ILMN
Tuesday Sector Leaders: Oil & Gas Exploration & Production, Rental, Leasing, & Royalty Stocks
Related symbols: UNT, SGY, ROYT, SDR
Monday Sector Laggards: Water Utilities, Sporting Goods & Activities
Related symbols: CDZI, AWR, CLUB, WBAI
EWG, LABD: Big ETF Outflows
Related symbols: EWG, LABD
RSX, EUFX: Big ETF Inflows
Related symbols: RSX, EUFX, MBT, YNDX
Tuesday's ETF with Unusual Volume: CWI
Related symbols: CWI, VALE, ITUB, FM.CA, CTC.A.CA
Daily Dividend Report: ALB, TEP, TEGP, MVO
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Daily Dividend Report: THO, CVS, ZTS, SSS, FUL, CMRE, ALG
Related symbols: THO, CVS, ZTS, SSS, FUL, CMRE, ALG
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Daily Market Wrap: November 7, 2012
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