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 (JNJ) beat profit expectations but the company is forecasting 2013 earnings below expectations, sending shares lower today.
Fellow Dow component DuPont (DD) also reported better-than-expected fourth quarter earnings, thanks to increased demand for plastics used in autos.
Travelers (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 (MCD) and Coach (COH).
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