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.
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Related symbols: BTG, SVLC, ANR, ACI
Tuesday Sector Leaders: Specialty Retail, Waste Management Stocks
Related symbols: GKNT, BGFV, TRR, CWST
Friday Sector Laggards: Water Utilities, General Contractors & Builders
Related symbols: SBS, CDZI, GRBK, SPF
Tuesday's ETF with Unusual Volume: URTH
Related symbols: URTH, BAC, AAPL, TWC, NBR
Tuesday's ETF Movers: GXC, GDX
Related symbols: SFUN, HTHT, PPP, BTG, GDX, GXC
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Daily Dividend Report: WY, FGP, FRED, BKJ
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Related symbols: STT, MMC, NTAP, VIA, A, TMO, APD, CTL
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Daily Market Wrap: January 17, 2012
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