Daily Market Wrap: February 13, 2013 Wednesday, February 13, 5:00 PM ET
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.
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:
For Marketnewsvideo.com, I'm Sayoko Murase.
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Daily Market Wrap: February 13, 2013
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