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.
Nasdaq 100 Movers: ALGN, SHPG
Related symbols: ALGN, SHPG, QCOM, AMZN
S&P 500 Movers: PM, SNA
Related symbols: PM, SNA, ALGN, GWW
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Tuesday Sector Laggards: Transportation Services, Banking & Savings
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Related symbols: NNN, COKE, KNOP, MVC, LGI
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Daily Market Wrap: February 27, 2013
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