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 (NASDAQ:
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 Leaders: Electric Utilities, Oil & Gas Exploration & Production Stocks
Related symbols: ED, PPL, FXEN, MPO
Tuesday Sector Laggards: Biotechnology, Drugs
Related symbols: TTHI, TKMR, QURE, FLML
Monday Sector Leaders: Precious Metals, Oil & Gas Exploration & Production Stocks
Related symbols: FSM, BAA, GDP, ZN
Tuesday's ETF with Unusual Volume: REZ
Related symbols: REZ, HCP, EQR, AVIV, DOC
Tuesday's ETF Movers: FCG, GDXJ
Related symbols: SFY, XCO, GSS, SBB.CA, GDXJ, FCG
SPY, FMK: Big ETF Outflows
Related symbols: SPY, FMK, AAPL, XOM, INTC, XOM
Daily Dividend Report: CPG, WHR, VET, SE, NNN
Related symbols: CPG, WHR, VET, SE, NNN
Daily Dividend Report: AON, SJM, UNM, CMS
Related symbols: AON, SJM, UNM, CMS
Daily Dividend Report: WY, FAST, RRD, ADX, PGH
Related symbols: WY, FAST, RRD, ADX, PGH
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Related symbols: WY, F, LEN
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Related symbols: TJX, PNC, IR, LINE, LNCO
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Related symbols: NDAQ, FCX, AXP, LOW
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Related symbols: SCHW, KO, BAC, GS
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Related symbols: AA, BBBY, STZ, RAD, FAST
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Related symbols: APOL, MON, MU, KMX
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Daily Market Wrap: November 7, 2012
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