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.
Thursday Sector Leaders: Consumer Services, Publishing Stocks
Related symbols: SCI, WTW, SSP, NEWM
Thursday Sector Laggards: Music & Electronics Stores, General Contractors & Builders
Related symbols: HGG, RSH, BZH, RYL
Wednesday Sector Leaders: Agriculture & Farm Products, Music & Electronics Stores
Related symbols: CRESY, AGRO, SYX, VOXX
Thursday's ETF with Unusual Volume: MTUM
Related symbols: MTUM, MU, FB, TMUS, LLL
Thursday's ETF Movers: BSCF, XBI
Related symbols: AZN, D, GEVA, AEGR, XBI, BSCF
VGK, GULF: Big ETF Outflows
Related symbols: VGK, GULF, NSRGY, NVS
Daily Dividend Report: WLP, AFL, AMP, LUV, STJ, GWW, KIM, CNX, LUK, CHD, AWK, GCI, ENB
Related symbols: WLP, AFL, AMP, LUV, STJ, GWW, KIM, CNX, LUK, CHD, AWK, GCI, ENB
Daily Dividend Report: IBM, EXC, WYNN, ENR, CLF, VLO, CR, DK
Related symbols: IBM, EXC, WYNN, ENR, CLF, VLO, CR, DK
Daily Dividend Report: K, WWE, AMGN, ETR, AVY, RBC
Related symbols: K, WWE, AMGN, ETR, AVY, RBC
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Daily Market Wrap: November 7, 2012
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