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Daily Market Wrap: January 23, 2013
Wednesday, January 23, 4:26 PM ET

The markets edged higher today with tech stocks leading the way as investors cheered several positive earnings reports.

The Mortgage Bankers Association is reporting a 7 percent increase in mortgage applications from a week earlier, marking the third straight week of gains.

It was another busy day on the earnings front with McDonalds (NYSE:MCD) reporting better-than-expected earnings and revenue, sending shares higher today. However, the fast food giant warned of lower sales in the first quarter.

Also among Dow components, United Technologies (NYSE:UTX) posted a decline in profit, but still managed to beat expectations.

Coach (NYSE:COH) shares were trading lower today after the company said sales in the holiday quarter were weaker than expected.

Tomorrow, we'll take a look at the numbers for weekly jobless claims as well as earnings from 3M (NYSE:MMM) and Bristol-Myers (NYSE:BMY).

For Marketnewsvideo.com, I'm Sayoko Murase.

Daily Market Wrap: January 23, 2013 picture
Friday 9/23 Insider Buying Report: HDS, NBLXFriday 9/23 Insider Buying Report: HDS, NBLX
Related symbols: HDS,NBLX
Thursday 9/22 Insider Buying Report: NVAX, TAXThursday 9/22 Insider Buying Report: NVAX, TAX
Related symbols: NVAX,TAX
Thursday 9/22 Insider Buying Report: IMDZ, AMBCThursday 9/22 Insider Buying Report: IMDZ, AMBC
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Nasdaq 100 Movers: ALXN, BMRNNasdaq 100 Movers: ALXN, BMRN
Related symbols: ALXN,BMRN
S&P 500 Movers: CRM, ENDPS&P 500 Movers: CRM, ENDP
Related symbols: CRM,ENDP
Dow Movers: TRV, DDDow Movers: TRV, DD
Related symbols: TRV,DD
S&P 500 Analyst Moves: CMCSAS&P 500 Analyst Moves: CMCSA
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S&P 500 Analyst Moves: ADBES&P 500 Analyst Moves: ADBE
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S&P 500 Analyst Moves: ALXNS&P 500 Analyst Moves: ALXN
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Friday Sector Laggards: Oil & Gas Exploration & Production, Precious MetalsFriday Sector Laggards: Oil & Gas Exploration & Production, Precious Metals
Related symbols: PQ,CWEI,THM,AG
Friday Sector Leaders: Apparel Stores, Department StoresFriday Sector Leaders: Apparel Stores, Department Stores
Related symbols: CBK,DEST,AMRK,SPWH
Thursday Sector Laggards: Metals & Mining, Precious MetalsThursday Sector Laggards: Metals & Mining, Precious Metals
Related symbols: CLD,TCK,VGZ,AG
Friday's ETF with Unusual Volume: VFHFriday's ETF with Unusual Volume: VFH
Related symbols: VFH,WAC,ABR
Friday's ETF Movers: XPH, GDXJFriday's ETF Movers: XPH, GDXJ
Related symbols: ENDP,AMPH,DPM.CA,EDV.CA,GDXJ,XPH
VGK, EPHE: Big ETF OutflowsVGK, EPHE: Big ETF Outflows
Related symbols: VGK,EPHE
Daily Dividend Report: MAS, WPC, RTN, CAG, UDRDaily Dividend Report: MAS, WPC, RTN, CAG, UDR
Related symbols: MAS,WPC,RTN,CAG,UDR
Daily Dividend Report: LMT, IDCC, SAFM, CVS, LENDaily Dividend Report: LMT, IDCC, SAFM, CVS, LEN
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Daily Dividend Report: MSFT, TGT, MMC, PCG, ESS, FE, PNMDaily Dividend Report: MSFT, TGT, MMC, PCG, ESS, FE, PNM
Related symbols: MSFT,TGT,MMC,PCG,ESS,FE,PNM
Fed Tapers Bond BuyingFed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in FebruaryNonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
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Daily Market Wrap: January 23, 2013 | Market News Video | Copyright © 2008 - 2016, All Rights Reserved

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