Daily Market Wrap: February 12, 2013 Tuesday, February 12, 4:35 PM ET
The markets made a recovery today, as investors are watching to see how President Obama's State of the Union address tonight will shape the markets.
The National Federation of Independent Business released data showing a slight increase in small business sentiment, which rose to 88.9 in January.
On the earnings front, Michael Kors (NYSE:
KORS) topped earnings and revenue expectations, sending shares sharply higher today. The luxury retailer also reported an increase in same-store sales.
Also among retailers, Fossil (NASDAQ:
FOSL) narrowly beat earnings expectations for its fourth quarter, thanks to sales driven by the company's growing selection of watches.
Shares of Avon (NYSE:
AVP) soared today to lead the S&P 500 after posting fourth quarter results which were better than analysts expected.
Tomorrow, we'll take a look at the numbers for weekly mortgage applications as well as earnings from Comcast (NASDAQ:
For Marketnewsvideo.com, I'm Sayoko Murase.
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Daily Market Wrap: February 12, 2013
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