It was a mixed day of trading as investors are anticipating a pullback following the recent rally.
On the economic front, the Commerce Department released data showing a slight gain in business inventories, up 0.1 percent in December, which was less than expected.
Also according to the Commerce Department, retail sales edged up 0.1 percent in January to a seasonally adjusted $416.6 billion. That reading was in line with estimates.
The Mortgage Bankers Association is reporting a 6.4 percent drop in weekly mortgage applications, with a decline in both refinancing and home purchase activity.
Comcast (NASDAQ:CMCSA) announced it will buy General Electric's (NYSE:GE) 49 percent stake in NBCUniversal in a deal worth about $16.7 billion.
Tomorrow, we'll take a look at the numbers for weekly jobless claims as well as earnings from General Motors (NYSE:GM).
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
Launch related slideshow:
Friday 5/24 Insider Buying Report: PMT, VOCS
Thursday 5/23 Insider Buying Report: MDT, WD
Thursday 5/23 Insider Buying Report: SREV, CYCC
Daily Wrap: May 23, 2013
Ralph Lauren and Perry Ellis Disappoint
Daily Wrap: May 22, 2013
Analyst Moves: BA, TOL, SPLS
Analyst Moves: STX, HOT, HPQ
Analyst Moves: NTAP, MDC, PXD
Friday Sector Leaders: Education & Training Services, Metals & Mining Stocks
Friday Sector Laggards: Auto Parts, Music & Electronics Stores
Thursday Sector Leaders: Apparel Stores, General Contractors & Builders
Friday's ETF Movers: ICLN, LIT
SLV, CHIM: Big ETF Outflows
IYR, SDP: Big ETF Inflows
Daily Dividend Report: ANF, FLS, IPG, A, VNR
Daily Dividend Report: TUP, HD, PCP, CBS, CME
Daily Dividend Report: TMO, AAP, HAS, AINV, HPQ
Midday Report: May 24, 2013
Initial Jobless Claims Fall
Initial Jobless Claims Jump by 32k
Weekly Market Wrap: May 17, 2013
Weekly Market Wrap: May 10, 2013
Weekly Market Wrap: May 3, 2013
Week Ahead Market Report: May 13, 2013
Week Ahead Market Report: May 6, 2013
Week Ahead Market Report: April 29, 2013