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.
Monday Sector Laggards: Oil & Gas Exploration & Production, Precious Metals
Related symbols: AREX, CRC, GSS, THM
Monday Sector Leaders: Apparel Stores, Department Stores
Related symbols: DSW, GPS, SHLD, SPWH
Friday Sector Leaders: Trucking, Beverages & Wineries
Related symbols: SWFT, CVTI, SAM, COKE
Monday's ETF with Unusual Volume: KIE
Related symbols: KIE, GNW, MET, AGO, AFSI
Monday's ETF Movers: IYZ, GDXJ
Related symbols: S, NIHD, HMY, MUX, GDXJ, IYZ
VGK, DPK: Big ETF Outflows
Related symbols: VGK, DPK
Daily Dividend Report: SWK, ZION, TCP, V, TXN
Related symbols: SWK, ZION, TCP, V, TXN
Daily Dividend Report: C, KO, MMP, TLLP, BLK
Related symbols: C, KO, MMP, TLLP, BLK
Daily Dividend Report: MS, JCI, HPQ, WCN, EPR
Related symbols: MS, JCI, HPQ, WCN, EPR
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Daily Market Wrap: January 17, 2012
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