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Daily Market Wrap: February 27, 2012

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February 27, 2012 AT 4:56 PM
Stocks were higher on Monday, with the Dow crossing 13,000 again after oil prices dropped and news that contracts for home resales hit a near two-year high in January showed an improvement in the US housing sector. In corporate news, Lowe's reported Lowe's (LOW) today announced it earned $322 million, or 26 cents per share for the fiscal quarter ended on February 1st, up from $285 million, or 21 cents per share in the same period last year.