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.
Nasdaq 100 Movers: ORLY, NVDA
Related symbols: ORLY, NVDA, VOD, WDC
S&P 500 Movers: VFC, COP
Related symbols: VFC, COP, PRGO, FCX
Dow Movers: NKE, UNH
Related symbols: NKE, UNH, WMT, V
Wednesday Sector Laggards: Trucking, Airlines
Related symbols: CVTI, CGI, SKYW, ALK
Wednesday Sector Leaders: Rental, Leasing, & Royalty, Metals & Mining Stocks
Related symbols: ROYT, HGT, CNXC, SND
Tuesday Sector Laggards: Hospital & Medical Practitioners, Precious Metals
Related symbols: QHC, CYH, GG, RIC
Wednesday's ETF with Unusual Volume: FTLS
Related symbols: FTLS, SPY, F, NLNK, AMN
Wednesday's ETF Movers: XOP, IAT
Related symbols: CHK, DNR, NYCB, WBS, IAT, XOP
QQQ, RDVY: Big ETF Outflows
Related symbols: QQQ, RDVY, AAPL, MSFT, ADM, NKE
Daily Dividend Report: WOR, CAC, LMNR, BANR, MFNC
Related symbols: WOR, CAC, LMNR, BANR, MFNC
Daily Dividend Report: AXP, SNX, PMT, CMCO, RGCO
Related symbols: AXP, SNX, PMT, CMCO, RGCO
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Related symbols: LOW, YUM, IMKTA, EBF, WMAR
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Daily Market Wrap: November 7, 2012
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