Daily Market Wrap: February 5, 2013 Tuesday, February 5, 4:09 PM ET
The markets opened higher today and remained in positive territory after an encouraging economic report.
The Institute for Supply Management's non-manufacturing index showed expansion in the services sector to a reading of 55.6 in January, which was in line with expectations.
On the earnings front, BP (NYSE:
BP) beat expectations, despite a 79 percent drop in profit in the fourth quarter. due to a settlement related to the Gulf of Mexico oil spill.
The British oil giant still faces a civil trial in New Orleans later this month.
Computer Sciences (CSC) posted better than expected earnings for its third quarter, sending shares higher today. The tech company also raised its earnings forecast for fiscal 2013.
Tomorrow, we'll take a look at the numbers for weekly mortgage applications as well as earnings from CVS Caremark (NYSE:
For Marketnewsvideo.com, I'm Sayoko Murase.
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Daily Market Wrap: February 5, 2013
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