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 Leaders: Apparel Stores, Railroads
Related symbols: GMAN, AEO, CP, CNI
Wednesday Sector Laggards: Transportation Services, Education & Training Services
Related symbols: HTZ, GLOG, EDMC, CHGG
Tuesday Sector Leaders: Real Estate, Home Furnishings & Improvement Stocks
Related symbols: HGSH, CHLN, AMWD, HD
SSO, SVXY: Big ETF Outflows
Related symbols: SSO, SVXY, MMM, ABT
EWH, WYDE: Big ETF Inflows
Related symbols: EWH, WYDE
Wednesday's ETF with Unusual Volume: COPX
Related symbols: COPX, FCX, LUN.CA, FM.CA, III.CA
Daily Dividend Report: FLS, VAL, JOY, IGT, SIX, VLY
Related symbols: FLS, VAL, JOY, IGT, SIX, VLY
Daily Dividend Report: CHFC, HQH, CTL, WHR, ESV, EPR, NUS
Related symbols: CHFC, HQH, CTL, WHR, ESV, EPR, NUS
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Related symbols: MGEE, DGAS, GPS, GPC, DGX, CINF, FL
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Daily Market Wrap: February 27, 2013
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