Daily Market Wrap: UPS, DOW, XOM, TSN Thursday, January 31, 4:01 PM ET
Lackluster earnings and disappointing economic data kept the markets under pressure today.
The number of Americans filing initial jobless claims rose by 38,000 to a seasonally adjusted 368,000 last week, according to the Labor Department.
Economists were expecting claims to rise to 350,000.
Meanwhile, the four-week moving average edged up to 352,000.
In other economic news, the price index for personal consumption expenditures rose 1.3 percent year-over-year in December, according to the Commerce Department
On the earnings front, UPS (NYSE:
UPS) is trading lower today after the company missed estimates due in part to a weak holiday shopping season.
Dow Chemical (NYSE:
DOW) reported profits that fell short of expectations, sending shares lower by more than 5 percent today.
Tomorrow, we'll take a look at earnings from Exxon Mobil (NYSE:
XOM) and Tyson Foods (NYSE: TSN).
For Marketnewsvideo.com, I'm Sayoko Murase.
Thursday Sector Leaders: Communications Services, Agriculture & Farm Products
Related symbols: ETAK, CRCM, GRO, CRESY
Thursday Sector Laggards: Music & Electronics Stores, General Contractors & Builders
Related symbols: RSH, CONN, HXM, MHO
Wednesday Sector Leaders: Biotechnology, Rubber & Plastics
Related symbols: APRI, IMGN, CXDC, KRA
Thursday's ETF with Unusual Volume: PXE
Related symbols: PXE, SD, VLO, CRK
Thursday's ETF Movers: FCG, ITB
Related symbols: KWK, UPL, UFPI, MHO, ITB, FCG
RSX, EET: Big ETF Outflows
Related symbols: RSX, EET, MBT, YNDX
Daily Dividend Report: MS, PPG, DFS, SLB, GS
Related symbols: MS, PPG, DFS, SLB, GS
Daily Dividend Report: SHW, SWK, O, GT, SM, SPN
Related symbols: SHW, SWK, O, GT, SM, SPN
Daily Dividend Report: CSX, NTRS, FRC, NGLS, BTE
Related symbols: CSX, NTRS, FRC, NGLS, BTE
Weekly Market Wrap: April 17, 2014
Related symbols: SHW, MS, GS, CSX
Weekly Market Wrap: April 11, 2014
Related symbols: WY, F, LEN
Weekly Market Wrap: April 4, 2014
Related symbols: TJX, PNC, IR, LINE, LNCO
Week Ahead Market Report: April 14, 2014
Related symbols: SCHW, KO, BAC, GS
Week Ahead Market Report: April 7, 2014
Related symbols: AA, BBBY, STZ, RAD, FAST
Week Ahead Market Report: March 31, 2014
Related symbols: APOL, MON, MU, KMX
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Daily Market Wrap: UPS, DOW, XOM, TSN
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