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: MXIM, CTAS
Related symbols: MXIM, CTAS, EBAY, WYNN
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Dow Movers: GE, V
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Thursday Sector Laggards: Metals & Mining, Shipping Stocks
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Thursday Sector Leaders: Textiles, Agriculture & Farm Products
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Related symbols: CSX, NSC, CVTI, CGI
Daily Dividend Report: C, PPG, SWK, MMP, CAG, SJM, WST, TXN, BLK, KMI
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Related symbols: UNM, SO, BAX, PEG, CE, AES, CIT
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Daily Market Wrap: January 17, 2012
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