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 (
For Marketnewsvideo.com, I'm Sayoko Murase.
Wednesday Sector Laggards: Home Furnishings & Improvement, Airlines
Related symbols: LZB, LOW, SAVE, UAL
Wednesday Sector Leaders: Shipping, Apparel Stores
Related symbols: SSW, NM, EXPR, AEO
Tuesday Sector Laggards: Precious Metals, Cigarettes & Tobacco Stocks
Related symbols: AU, ALO, UVV, BTI
Wednesday's ETF with Unusual Volume: LRGF
Related symbols: LRGF, AAPL, LUV, FL, OMC
Wednesday's ETF Movers: XME, IHI
Related symbols: TMST, CENX, SYK, GKOS, IHI, XME
XLY, UBR: Big ETF Outflows
Related symbols: XLY, UBR, AMZN, CMCSA
Daily Dividend Report: LYB, RE, CTL, APLE, VSH
Related symbols: LYB, RE, CTL, APLE, VSH
Daily Dividend Report: COTY, MSI, HUN, HRB, BDC, DSW, HEES
Related symbols: COTY, MSI, HUN, HRB, BDC, DSW, HEES
Daily Dividend Report: WLK, LOW, TROW, CINF, GPC, G
Related symbols: WLK, LOW, TROW, CINF, GPC, G
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Daily Market Wrap: February 12, 2013
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