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Market Wrap: 9/2/2010
Thursday, September 2, 5:29 PM ET

Stocks held onto yesterday's gains thanks again to better than expected economic data regarding home sales. This time pending home sales were up, over 5% from last month. This was a big surprise as most economists were reportedly expecting this index to be lower. Also, The Department of Labor announced that new jobless claims were down last week, and so there were fewer people filing for unemployment benefits.

Among market activity keeping the indexes up was a buyout of Burger King Corporation. The hamburger chain agreed to be acquired by private equity firm 3G Capital. Forest Labs was also up sharply after Reuters reported the FDA said the company's antibiotic appeared effective in clinical trials for treating skin infections and pneumonia.

Orex Pharmaceuticals shot up today after the company reportedly sold its North American marketing rights for a weight loss drug to a Japanese pharmaceutical company.

Retailers also did well today after several of them reported better than expected same store sales for the month.

All of the major indexes - the Dow, Nasdaq and S&P 500 closed in positive territory, but by less than 1%.

For MarketNewsVideo.com, I'm Kristin Bianco.

Market Wrap: 9/2/2010 picture
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 OREX videos9/2, 5:29 PM
 HPQ videos9/2, 5:23 PM
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 WEN videos9/2, 5:23 PM
 CPKI videos9/2, 5:23 PM
 SONC videos9/2, 5:23 PM
 VZ videos9/2, 4:58 PM
 CB videos9/2, 4:58 PM
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 DL videos9/2, 4:51 PM
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 HW.CA videos9/2, 4:51 PM
 PIR videos9/2, 4:51 PM
 MEI videos9/2, 4:49 PM
 PSS videos9/2, 4:49 PM
 MOV videos9/2, 4:49 PM
 ETM videos9/2, 4:29 PM
 CMLS videos9/2, 4:29 PM
 CML videos9/2, 4:29 PM
 BRCD videos9/2, 4:29 PM
 ADUS videos9/2, 4:21 PM
 KAD videos9/2, 4:21 PM
 MLP videos9/2, 4:21 PM
 CTC videos9/2, 4:21 PM
 NBG videos9/2, 4:08 PM
 BAP videos9/2, 4:08 PM
 GNCMA videos9/2, 4:08 PM
 AWR videos9/2, 4:08 PM
 XLUS videos9/2, 4:08 PM
 AXFN videos9/2, 4:08 PM
 MON videos9/2, 2:00 PM
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 C videos9/2, 2:00 PM
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 DBO videos9/2, 1:52 PM
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 VIP videos9/2, 12:22 PM
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 LTD videos9/2, 11:57 AM
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 ALNC videos9/1, 5:20 PM
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 JPM videos9/1, 5:09 PM
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 AIV videos9/1, 4:58 PM
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 CIB videos9/1, 4:28 PM
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 AXIT videos9/1, 4:28 PM
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 AXMT videos9/1, 4:28 PM
 TAN videos9/1, 4:28 PM
 PKI videos9/1, 2:46 PM
 A videos9/1, 2:46 PM
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 GE videos9/1, 2:06 PM
 TWX videos9/1, 2:06 PM
 NWS videos9/1, 2:06 PM
 VIA videos9/1, 2:06 PM
 NFLX videos9/1, 2:06 PM
 GOOG videos9/1, 2:06 PM
 MS videos9/1, 1:55 PM
 PRSP videos9/1, 1:55 PM
 CTCM videos9/1, 1:55 PM
 DB videos9/1, 1:55 PM
 WDC videos9/1, 1:55 PM
 GXC videos9/1, 1:38 PM
 FXI videos9/1, 1:38 PM
 EWU videos9/1, 1:38 PM
 VGK videos9/1, 1:38 PM
 VLY videos9/1, 1:21 PM
 CS videos9/1, 1:21 PM
 GS videos9/1, 11:57 AM
 MCD videos9/1, 11:57 AM
 AAPL videos9/1, 11:30 AM
 DIS videos9/1, 11:30 AM
 DAC videos9/1, 10:56 AM
 PFM videos8/31, 4:41 PM
 XOM videos8/31, 4:41 PM
 T videos8/31, 4:41 PM
 HRB videos8/31, 4:41 PM
 BMS videos8/31, 4:41 PM
 CGA videos8/31, 4:31 PM
 ISLE videos8/31, 4:31 PM
 WINN videos8/31, 4:31 PM
 MCCC videos8/31, 4:31 PM
 LGF videos8/31, 4:21 PM
 DF videos8/31, 4:21 PM
 ENER videos8/31, 4:21 PM
 ITUB videos8/31, 4:03 PM
 SKH videos8/31, 3:20 PM
 FVE videos8/31, 3:20 PM
 CITZ videos8/31, 3:10 PM
 STRA videos8/31, 3:10 PM
 GORO videos8/31, 2:59 PM
 BNS videos8/31, 2:59 PM
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 SUBK videos8/31, 2:59 PM
 EDUC videos8/31, 2:59 PM
 BMY videos8/31, 12:45 PM
 CPQQ videos8/31, 12:45 PM
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 STI videos8/31, 12:38 PM
 DAL videos8/31, 11:58 AM
 AMR videos8/31, 11:58 AM
 XHB videos8/31, 11:46 AM
 ITB videos8/31, 11:46 AM
 DCI videos8/31, 11:11 AM
 HNZ videos8/31, 11:10 AM
 DLTR videos8/31, 11:06 AM
 DG videos8/31, 11:06 AM
 FDO videos8/31, 11:06 AM
 NDN videos8/31, 11:06 AM
 MMM videos8/31, 11:04 AM
 COGT videos8/31, 11:04 AM
 CI videos8/31, 11:04 AM
 DE videos8/31, 10:39 AM
 EXC videos8/31, 10:39 AM
Sector Wrap: Technology, Chain Restaurants Sector Wrap: Technology, Chain Restaurants
Thursday, September 2, 5:23 PM ET		 Daily Dividend Report: VZ, CB, ATI, PKG, TCO Daily Dividend Report: VZ, CB, ATI, PKG, TCO
Thursday, September 2, 4:58 PM ET
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Today's Big Gainers: DL, BKC, HWD, PIR Today's Big Gainers: DL, BKC, HWD, PIR
Thursday, September 2, 4:51 PM ET		 Today's Big Losers: MEI, PSS, MOV Today's Big Losers: MEI, PSS, MOV
Thursday, September 2, 4:49 PM ET
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Thursday Sector Leaders: Radio Broadcasting, Data Storage Devices Thursday Sector Leaders: Radio Broadcasting, Data Storage Devices
Thursday, September 2, 4:29 PM ET		 Thursday Sector Laggards: Home Health Care, Real Estate Development Stocks Thursday Sector Laggards: Home Health Care, Real Estate Development Stocks
Thursday, September 2, 4:21 PM ET
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Thursday's ETF Movers: AXFN, XLUS Thursday's ETF Movers: AXFN, XLUS
Thursday, September 2, 4:08 PM ET		 Downgrades: MON, FORM Downgrades: MON, FORM
Thursday, September 2, 2:00 PM ET
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Initial Jobless Claims Fell Last Week Initial Jobless Claims Fell Last Week
Thursday, September 2, 1:52 PM ET		 Upgrades: PPL, JOYG Upgrades: PPL, JOYG
Thursday, September 2, 1:45 PM ET
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Warehouse Stores Post August Sales Warehouse Stores Post August Sales
Thursday, September 2, 1:03 PM ET		 Russian Earnings: Vimpelcom, Wimm-Bill-Dann Russian Earnings: Vimpelcom, Wimm-Bill-Dann
Thursday, September 2, 12:22 PM ET
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Mall-Based Retailers Post Mixed Results Mall-Based Retailers Post Mixed Results
Thursday, September 2, 11:57 AM ET		 Hovnanian Narrows Loss in Q3 Hovnanian Narrows Loss in Q3
Thursday, September 2, 11:31 AM ET
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Walgreen to Buy ApothecaryRx Pharmacies from Graymark Walgreen to Buy ApothecaryRx Pharmacies from Graymark
Thursday, September 2, 11:22 AM ET		 Department Store Sales Generally Beat Expectations Department Store Sales Generally Beat Expectations
Thursday, September 2, 11:05 AM ET
More Market News Videos | 1 2 3 4 5 6 7 next »
Top Six Most Viewed Stories This Hour @ Market News Video:
Daily Dividend Report: VZ, CB, ATI, PKG, TCO Daily Dividend Report: VZ, CB, ATI, PKG, TCO
Channel: Daily Dividend Report
Stocks mentioned: VZ,CB,ATI,PKG,TCO 		Sector Wrap: Technology, Chain RestaurantsSector Wrap: Technology, Chain Restaurants
Channel: Sector Roundup
Stocks mentioned: HPQ,PAR,DELL,BKC,WEN,CPKI,SONC 		Today's Big Losers: MEI, PSS, MOV Today's Big Losers: MEI, PSS, MOV
Channel: Market Movers
Stocks mentioned: MEI,PSS,MOV
Today's Big Gainers: DL, BKC, HWD, PIR Today's Big Gainers: DL, BKC, HWD, PIR
Channel: Market Movers
Stocks mentioned: BKC,DL,HWD,HW.CA,PIR 		Thursday Sector Laggards: Home Health Care, Real Estate Development Stocks Thursday Sector Laggards: Home Health Care, Real Estate Development Stocks
Channel: Market Movers
Stocks mentioned: ADUS,KAD,MLP,CTC 		Thursday Sector Leaders: Radio Broadcasting, Data Storage Devices Thursday Sector Leaders: Radio Broadcasting, Data Storage Devices
Channel: Market Movers
Stocks mentioned: ETM,CMLS,CML,BRCD
Featured Market News Video Staff Articles:

Cascade Doubles Dividend
Thursday, September 2, 4:38 PM ET, by Market News Video Staff
Cascasde Corporation (CASC) declared its quarterly dividend of 10 cents per share, an increase of ...

Daxor Continues To Pay Dividends
Thursday, September 2, 1:33 PM ET, by Market News Video Staff
This morning, Daxor Corporation (DXR) declared its quarterly dividend of 25 cents per share, an ...

HCC Insurance Boosts Dividend Payments By 7%
Thursday, September 2, 1:27 PM ET, by Market News Video Staff
Yesterday, HCC Insurance (HCC) declared its quarterly dividend of 14.5 cents per share, an increase ...

Yield Update
Wednesday, September 1, 4:35 PM ET, by Market News Video Staff
John Hancock Tax Advantaged Dividend (HTD) maintained its monthly dividend of 9.1 cents per share. ...

Daily Dividend Announcements
Wednesday, September 1, 4:30 PM ET, by Market News Video Staff
Hillenbrand Incorporated (HI) maintained its quarterly dividend of 18.75 cents per share. The dividend is ...

KB Home SEC Investigation Concluded - No Intended Enforcement Action
Wednesday, September 1, 3:21 PM ET, by Market News Video Staff
KB Home (KBH) announced that it received a letter from the staff of the Securities ...

Mountain Lake Resources Terminates Arrangement With New Island Resources
Wednesday, September 1, 3:14 PM ET, by Market News Video Staff
Mountain Lake Resources (MOA.CA) reports that it has terminated the corporate arrangement with New Island ...

Apple Inc. Announces Apple TV, Users Can Access Netflix
Wednesday, September 1, 2:22 PM ET, by Market News Video Staff
Apple (AAPL) announced the new Apple TV which offers a way to watch HD movies ...

  More articles:  1 2 3 4 5 next »

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Market Wrap: 9/2/2010 | Market News Video | Copyright © 2008 - 2010, All Rights Reserved

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