Daily Market Wrap: February 27, 2013 Wednesday, February 27, 5:00 PM ET
The markets opened higher this morning on assurances that the Fed will stay on track with its stimulus plan.
On the economic front, the National Association of Realtors is reporting a spike in pending home sales, up 4.5 percent in January, while economists were expecting a gain of 1.5 percent.
Meanwhile, the Mortgage Bankers Association said mortgage applications fell 3.8 percent from a week earlier, marking the third consecutive week of declines.
In earnings news, Dollar Tree (NASDAQ:
DLTR) posted better than expected earnings and revenue, sending shares higher today.
Shares of TJX (NYSE:
TJX) also ticked up after the parent company of T.J.Maxx, Marshalls and HomeGoods beat expectations with a 27 percent rise in its fourth quarter earnings.
Tomorrow, we'll take a look at the numbers for weekly jobless claims as well as earnings from Kohl's (NYSE:
For Marketnewsvideo.com, I'm Sayoko Murase.
Tuesday Sector Laggards: Construction Materials & Machinery, General Contractors & Builders
Related symbols: MAS, MHK, SKY, MHO
Tuesday Sector Leaders: Precious Metals, Education & Training Services
Related symbols: NG, BTG, EDU, CPLA
Monday Sector Laggards: Precious Metals, Oil & Gas Exploration & Production Stocks
Related symbols: MUX, GFI, SGY, CWEI
Tuesday's ETF with Unusual Volume: MLPX
Related symbols: MLPX, KMI, BPL, AM
Tuesday's ETF Movers: GDXJ, XHB
Related symbols: NG, BTG, WHR, MAS, XHB, GDXJ
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Related symbols: CCI, PNW, JNJ, KO, SLB, SCHW, K, PPG, ED
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Daily Market Wrap: February 27, 2013
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