Daily Market Wrap: January 17, 2012 Thursday, January 17, 5:03 PM ET
Some hopeful signs for the sluggish economy gave the markets a boost today, with all the major indices in positive territory.
The number of Americans filing first time unemployment benefits fell to a five-year low last week, down 37,000 to a seasonally adjusted 335,000, according to the Labor Department.
Meanwhile the Commerce Department said housing starts rose 12.1 percent to a 954,000-unit annual rate in December. This marks the fastest pace growth since June 2008.
On the earnings front, Citigroup (NYSE:
C) missed expectations by a wide margin, sending shares lower today.
Bank of America (NYSE:
BAC) is also trading lower today, despite earnings that beat expectations. The bank said fourth quarter earnings were lower than a year ago, due to mortgage settlements.
Tomorrow, we'll take a look at earnings from General Electric (NYSE:
GE) and Morgan Stanley (NYSE: MS).
For Marketnewsvideo.com, I'm Sayoko Murase.
Nasdaq 100 Movers: MYL, EBAY
Related symbols: MYL, EBAY, WDC, YHOO
Dow Movers: MRK, CAT
Related symbols: MRK, CAT, JNJ, HD
S&P 500 Movers: CHK, CAG
Related symbols: CHK, CAG, RHI, ACN
Thursday Sector Laggards: Drugs, Gas Utilities
Related symbols: ITCI, ADHD, FGP, CPK
Thursday Sector Leaders: Oil & Gas Exploration & Production, Oil & Gas Equipment & Services
Related symbols: PACD, OAS, HOS, WG
Wednesday Sector Laggards: Home Furnishings & Improvement, Music & Electronics Stores
Related symbols: TPX, SCSS, CONN, JD
Thursday's ETF with Unusual Volume: VLUE
Related symbols: VLUE, BAC, MRO, MPC
Thursday's ETF Movers: OIH, XPH
Related symbols: SPN, RIG, ITCI, SUPN, XPH, OIH
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Related symbols: UCO, SEF
Daily Dividend Report: MCD, JOUT, EOG, BKU, GBCI
Related symbols: MCD, JOUT, EOG, BKU, GBCI
Daily Dividend Report: OGE, GIS, MKC, MAA, WGL
Related symbols: OGE, GIS, MKC, MAA, WGL
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Related symbols: AXP, SNX, CLC, MA, HRL
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Daily Market Wrap: January 17, 2012
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