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.
Thursday Sector Leaders: Auto Dealerships, Paper & Forest Products
Related symbols: GPI, KMX, UFS, VRS
Thursday Sector Laggards: Precious Metals, Textiles
Related symbols: TRX, FSM, SKX, ZQK
Wednesday Sector Leaders: Sporting Goods & Activities, Music & Electronics Stores
Related symbols: SIX, FUN, VOXX, HGG
Thursday's ETF with Unusual Volume: DTN
Related symbols: DTN, T, MSFT, CAT
Thursday's ETF Movers: XBI, GDXJ
Related symbols: SGMO, AMAG, BCM.CA, PG.CA, GDXJ, XBI
FXZ, GASL: Big ETF Inflows
Related symbols: FXZ, GASL, RKT, UFS, APC, APA
Daily Dividend Report: CMCSA, DD, TWC, AAL, VLO
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Daily Dividend Report: V, ENB, STX, PH, C
Related symbols: V, ENB, STX, PH, C
Daily Dividend Report: SPG, MCK, BBT, TROW, STJ, TXT, CNP, BC
Related symbols: SPG, MCK, BBT, TROW, STJ, TXT, CNP, BC
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Daily Market Wrap: February 27, 2013
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