Daily Market Wrap: January 26, 2012

Market News Video
January 26, 2012 AT 4:02 PM
It was a mixed day for the markets with stocks traded mostly flat, but drifting lower later in the day, as the latest jobless numbers suggest an improvement in the employment picture, but that was offset by disappointing numbers from the housing sector. The Labor Department is reporting a gain of 21,000 in weekly jobless claims last week, to a seasonally adjusted 377,000, while economists had expected claims to rise to 370,000.