Concerns over the tapering of the Federal Reserve's stimulus plan was reflected in the markets today with stocks lower across the board.
The Mortgage Bankers Association is reporting a surge in U.S. mortgage rates last week, lowering demand for home refinancings with applications down 12.3%.
On the earnings front, Michael Kors (KORS) beat Wall Street expectations as its fourth quarter earnings were fueled by global growth. Also among retailers, Chico's (CHS) missed earnings expectations as the company was impacted by an unusually cool spring.
Wal-Mart (NYSE:WMT) are trading lower today after the retailer settled charges after pleading guilty to dumping hazardous waste. The company has agreed to pay $81 million, according to the Environmental Protection Agency.
Tomorrow, we'll take a look at the numbers for weekly jobless claims as well as earnings from Costco (COST)
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.