Daily Market Wrap: December 5, 2012 Wednesday, December 5, 4:11 PM ET
A handful of better than expected economic reports kept the Dow and S&P in positive territory while the Nasdaq was impacted by Apple's (NASDAQ:
On the economic front, the Commerce Department is reporting a gain of 0.8 percent in factory orders, while economists were expecting a flat reading.
Expansion of the US services sector was also larger than expected, with the ISM manufacturing index coming in at 54.7 in November.
Meanwhile, the Mortgage Bankers Association is reporting a 4.5 percent increase in weekly mortgage applications last week.
C) announced today it is cutting 11,000 jobs worldwide in an effort to reorganize the company and cut costs.
The move will reportedly save the bank over $1.1 billion a year in expenses. The news sent shares higher today.
Tomorrow, we'll have the numbers for weekly jobless claims as well as earnings from H&R Block(NYSE:
HRB) and Lululemon (NASDAQ: LULU).
For MarketNewsVideo.com, I'm Sayoko Murase.
New Analyst Coverage: ING, KO, SPN
Related symbols: ING, KO, SPN, UBS, CS
Analyst Moves: AIG, ADBE, BLL
Related symbols: AIG, ADBE, BLL, DB, BAC
Analyst Moves: BBRY, CLF, AEO
Related symbols: BBRY, CLF, AEO, BAC, C
Wednesday Sector Leaders: Real Estate, Oil & Gas Refining & Marketing Stocks
Related symbols: AVHI, ARL, SYMX, GEVO
Wednesday Sector Laggards: Waste Management, General Contractors & Builders
Related symbols: SWSH, VE, HXM, CHCI
Tuesday Sector Leaders: Agriculture & Farm Products, Entertainment
Related symbols: CERE, AGRO, PRXI, SIX
Wednesday's ETF with Unusual Volume: IWC
Related symbols: IWC, MNKD, TCRD, AVHI, OSH
FXI, FPA: Big ETF Outflows
Related symbols: FXI, FPA, C
XLE, IPD: Big ETF Inflows
Related symbols: XLE, IPD, XOM, CVX, MG.CA, TRI.CA
Daily Dividend Report: LLL, MA, BXP, EPR, CWCO
Related symbols: LLL, MA, BXP, EPR, CWCO
Mortgage REIT Dividend Report: HTS, NYMT, AGNC, MTGE
Related symbols: HTS, NYMT, AGNC, MTGE
Daily Dividend Report: FITB, IVR, AMTG, SUI, USB
Related symbols: FITB, IVR, AMTG, SUI, USB
Weekly Market Wrap: June 14, 2013
Related symbols: MCD, CTB, DOLE, SWY
Weekly Market Wrap: June 7, 2013
Related symbols: TIVO, ZNGA, GM, AAPL
Weekly Market Wrap: May 31, 2013
Related symbols: TIF, SFD, S
Week Ahead Market Report: June 17, 2013
Related symbols: ADBE, LZB, FDX, RSH, ORCL
Week Ahead Market Report: June 10, 2013
Related symbols: LDK, HRB, SFD
Week Ahead Market Report: June 3, 2013
Related symbols: DG, RUE, SJM, FWM
All videos » |
Stock market definitions »
Daily Market Wrap: December 5, 2012
| Market News Video | Copyright © 2008 - 2013, 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.