Daily Market Wrap: January 29, 2013 Tuesday, January 29, 4:12 PM ET
After a flat open on Wall Street, the markets gained momentum in the afternoon, pushing the Dow and the S&P 500 higher.
The Conference Board is reporting a sharp drop in consumer confidence, down to 58.6 in January.
Also on the economic front, home prices in the U.S. were up 5.5 percent in November from a year ago, according to the Case-Shiller housing price index.
There was plenty of news on the earnings front with pharmaceutical companies Pfizer (NYSE:
PFE) and Eli Lilly (NYSE: LLY) both edging past Wall Street expectations.
Shares of both drugmakers are trading higher today.
Among tech earnings, Yahoo (NASDAQ:
YHOO) reported better than expected profit for the fourth quarter, while revenue met expectations.
VMW) posted disappointing earnings guidance, sending shares lower today. The company also announced 900 job cuts.
Tomorrow, we'll take a look at the numbers for weekly mortgage applications as well as earnings from Amazon.com (NASDAQ:
For Marketnewsvideo.com, I'm Sayoko Murase.
Tuesday Sector Leaders: Drugs, Gaming
Related symbols: ZGNX, KYTH, BYD, PNK
Tuesday Sector Laggards: Defense, Education & Training Services
Related symbols: RTX, ASTC, BPI, COCO
Monday Sector Leaders: Auto Parts, Beverages & Wineries
Related symbols: UQM, BLDP, ROX, SODA
Tuesday's ETF with Unusual Volume: SLY
Related symbols: SLY, BYD, JOSB, TESO
Tuesday's ETF Movers: ICF, XOP
Related symbols: BXP, DEI, REN, EGY, XOP, ICF
XHB, EIS: Big ETF Outflows
Related symbols: XHB, EIS, USG, DHI
Daily Dividend Report: CHK, IFF, VMI, VGR
Related symbols: CHK, IFF, VMI, VGR
Daily Dividend Report: VZ, PBA, GNTX, MFA
Related symbols: VZ, PBA, GNTX, MFA
Daily Dividend Report: HRC, TCO, AMT, CVS
Related symbols: HRC, TCO, AMT, CVS
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Related symbols: GD, TCO, HRC
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Dow Movers: JPM, WMT
Related symbols: JPM, WMT
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Daily Market Wrap: January 29, 2013
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