It was a mixed day of trading on Wall Street after a disappointing economic report from the housing sector.
The National Association of Realtors is reporting a one percent drop in existing home sales in December, to a seasonally adjusted annual rate of 4.94 million units, as fewer properties went on the market.
On the earnings front, Johnson and Johnson (NYSE:JNJ) beat profit expectations but the company is forecasting 2013 earnings below expectations, sending shares lower today.
Fellow Dow component DuPont (NYSE:DD) also reported better-than-expected fourth quarter earnings, thanks to increased demand for plastics used in autos.
Travelers (NYSE:TRV) said net income declined in the fourth quarter due to the effects of Hurricane Sandy. While earnings were better than Wall Street expectations, revenue fell short.
Tomorrow, we'll take a look at the numbers for weekly mortgage numbers as well as earnings from McDonald's (NYSE:MCD) and Coach (NYSE:COH).
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