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Daily Market Wrap: January 10, 2012
Thursday, January 10, 4:44 PM ET

The markets were higher today despite a light day of trading as investors are looking ahead to more earnings reports next week.

The number of Americans filing first time unemployment benefits ticked up slightly, rising 4,000 to a seasonally adjusted 371,000 according to the Labor Department. Economists were expecting 365,000 new claims.

Also on the economic front, the Commerce Department is reporting a rise in wholesale inventories, up 0.6 percent to $498.95 billion in November.

Nokia (NYSE:NOK) reported better-than-expected fourth quarter results, due in part to strong sales of Lumia smartphones.

Shares of Ford Motor (NYSE:F) are trading higher today after the automaker announced it will double its dividend to 10 cents per share.

Tomorrow, we'll take a look at import and export prices as well as earnings from Wells Fargo (NYSE:WFC).

For Marketnewsvideo.com, I'm Sayoko Murase.

Daily Market Wrap: January 10, 2012 picture
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Daily Market Wrap: January 10, 2012 | Market News Video | Copyright © 2008 - 2016, All Rights Reserved

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