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.
Wednesday Sector Laggards: Entertainment, Home Furnishings & Improvement Stocks
Related symbols: HKTV, RENT, NVFY, PIR
Wednesday Sector Leaders: Precious Metals, Oil & Gas Exploration & Production Stocks
Related symbols: HMY, GORO, SPP, HERO
Tuesday Sector Laggards: Precious Metals, Metals & Mining Stocks
Related symbols: MDW, EMXX, TCK, BTU
Wednesday's ETF with Unusual Volume: PPH
Related symbols: PPH
Wednesday's ETF Movers: GDXJ, XBI
Related symbols: BCM.CA, HMY, OVAS, ZIOP, XBI, GDXJ
XLP, FTW: Big ETF Outflows
Related symbols: XLP, FTW, PG, KO
Daily Dividend Report: RESI, MUR, WSO, SNX, LTC, ECOL
Related symbols: RESI, MUR, WSO, SNX, LTC, ECOL
Daily Dividend Report: TJX, MOV, SAIC, FCH
Related symbols: TJX, MOV, SAIC, FCH
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Related symbols: T, SM, MW, IMKTA, ASBI
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Daily Market Wrap: February 27, 2013
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