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.
Thursday Sector Laggards: Shipping, Oil & Gas Exploration & Production Stocks
Related symbols: CMRE, DAC, ZN, EPE
Thursday Sector Leaders: Food, Beverages & Wineries
Related symbols: HSY, K, BREW, FIZZ
Wednesday Sector Laggards: Biotechnology, Waste Management Stocks
Related symbols: GALE, TBRA, PESI, HCCI
Thursday's ETF with Unusual Volume: ARGT
Related symbols: ARGT, PAAS, SSRI, IRS
Thursday's ETF Movers: XME, XOP
Related symbols: SCHN, WOR, CRC, SN, XOP, XME
HEDJ, FDT: Big ETF Outflows
Related symbols: HEDJ, FDT
Daily Dividend Report: DRI, ERS, DIS, FUL
Related symbols: DRI, ERS, DIS, FUL
Daily Dividend Report: GIS, WOR, MKC, NYT, WERN
Related symbols: GIS, WOR, MKC, NYT, WERN
Daily Dividend Report: MA, BA, NRZ, BKU, CLC, NYRT
Related symbols: MA, BA, NRZ, BKU, CLC, NYRT
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Daily Market Wrap: January 17, 2012
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