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.
Wednesday Sector Laggards: Precious Metals, Medical Instruments & Supplies
Related symbols: TRX, AUMN, QTNT, EW
Wednesday Sector Leaders: Trucking, Computer Peripherals
Related symbols: SAIA, ARCB, LOGI, JNPR
Tuesday Sector Laggards: Construction Materials & Machinery, General Contractors & Builders
Related symbols: MAS, MHK, SKY, MHO
Wednesday's ETF with Unusual Volume: IXC
Related symbols: IXC, CHK, PBR, MPC, SWN
Wednesday's ETF Movers: ITA, GDXJ
Related symbols: BA, DGI, ASR.CA, PG.CA, GDXJ, ITA
XLP, FAD: Big ETF Outflows
Related symbols: XLP, FAD, PG, KO, ULTA, LRCX
Daily Dividend Report: V, AEP, BRX, IBM, GM
Related symbols: V, AEP, BRX, IBM, GM
Daily Dividend Report: T, VFC, MAC, C, SJM
Related symbols: T, VFC, MAC, C, SJM
Daily Dividend Report: CCI, PNW, JNJ, KO, SLB, SCHW, K, PPG, ED
Related symbols: CCI, PNW, JNJ, KO, SLB, SCHW, K, PPG, ED
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Daily Market Wrap: January 17, 2012
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