- 123jump.com Staff
- 26 Nov, 2007
- New York City
Stocks in India rebounded but on lower volume after a rally in Asian markets. Strong start of the U.S. holiday sales lifted markets across Asia. Hong Kong and Korea led the region with a rise of more than 4%. India and Indonesia advacned 2.2% an 2.6% respectively. Banks, IT, and energy and metals stocks led the rally. Of the 30 stocks in the index, 28 rallied. Rupee edged higher against dollar.
- 123jump.com Staff
- 26 Nov, 2007
- New York City
U.S. stocks declined in the afternoon trading on the credit market worries and uncertainty in the holiday retail sales. UBS analyst downgraded Fannie Mae and Freddie Mac and managed to drag financial services agreement. HSBC is forced to support structured investment vehicles that it has sold and move the assets on to its balance sheet. Oil traded at the elevated level and gold inched higher.
- 123jump.com Staff
- 21 Nov, 2007
- New York City
U.S. stocks declined as investors sentiment deteriorated on credit market malaise, weak forecast for economy, and rising oil, and falling dollar. Dow and S&P 500 lost 1.6% and Nasdaq declined 1.3%. Of the stocks in S&P 500, 80% stocks fell. Oil recovered from its worst level of the day but came close to reaching $100 a barrel. Gold inched higher to $800. Hong Kong, India, Brazil, and Mexico fell sharply.
- 123jump.com Staff
- 21 Nov, 2007
- New York City
Stocks in India sharply declined on weak tradig in the region, worries related to U.S. economic slow-down, and talks of new taxation on the capital gains in India. Sensex in Mumbai fell 3.5% or 678.18 to close at 18,602.60, third decline this week. Index has now lost nearly 10% in last ten days of trading. Metals, IT, and banks fell. ICICI bank fell 5.5%, HDFC declined 3%, and NTPC lost 8%.
- 123jump.com Staff
- 21 Nov, 2001
- New York City
UK stocks declined on the sell-off in banking and resource stocks. FTSE 100 index lost 2.5% to close at 6,070.90. Northern Rock, at the center of the storm in the credit market losses, fell again, seventh decline in a row. UK Monetary Policy Committee minutes of meeting suggest that the interst rate may remain unchanged for a while. Resource stocks fell sharply led by a loss in Vedanta Resources of 5.1% and in Antofagasta of 4.9%. Oil inched near $100 a barrel.
- 123jump.com Staff
- 21 Nov, 2007
- New York City
U.S. stocks fell sharply in the morning trading, a day after the talk of economic slow-down from the Fed. Oil inched to $100 a barrel and the yield of 10-year bonds fell below 4%. In the S&p 500 index, 92% stocks are trading lower. Dollar fell to a record low against euro as investors speculated that the Fed may lower rates in the coming months. Asian stocks fell sharply in the overnight trading. Ten largest markets in Europe fell. Peru plunged 6% after losing 15% in 3-days, Brazil declined 4%.
- 123jump.com Staff
- 21 Nov, 2007
- New York City
Stocks in Japan fell sharply reflecting a weakness in Asia, weak October housing starts in the U.S., and larger than expected losses at Freddie Mac. Nikkei 225 index fell 2.46% or 373.86 to 14,837.66 and broader Topix fell 2%. Oil in Asian trading rose 13% to $99.29 per barrel. October trade surplus in Japan rose 66% to 1.02 trillion yen on strong rise in exports to Europe, China and other Asian and Middle Eastern nations. India and Hong Kong fell 4%.
- 123jump.com Staff
- 20 Nov, 2007
- New York City
U.S. market averages see-sawed for the most of the session. Aveerages opened higher on positive outlook from HP, expanded stock buyback from Nordstrom, and lower than expected loss from D R Horton. Market soon focused on losses at Freddie Mac and lost steam in the late afternoon. The minutes of meeting of FOMC suggested that the Fed is worried about eocnomic slow-down than the inflation. At close averages recovered most of the losses but oil reached above $98 per barrel.
- 123jump.com Staff
- 20 Nov, 2007
- New York City
S&P 500, Nasdaq, and Dow jumped 0.5% at the opening on better than expected housing starts, and strong than expected earnings from HP and Nordstrom. October housing starts increased 3% from September but fell 16% from a year ago. Freddie Mac reported $2 billion quarterly loss. Nordstrom expanded its stock buyback plan by $1 billion to $2.5 billion. Hewlett Packard reported 15% increase in revenue and operating income of 38% in the fourth quarter.
- 123jump.com Staff
- 20 Nov, 2007
- New York City
Ahead of the U.S. new home construction report, dollar fell in Asia and in Europe. Stocks in Japan rebounded after a week of losses but managed to gain a fraction. Weak metal prices in the Asian region did not prevent Japanese metals and mining companies to rise. Shinsei Bank has agreed to sell 33% stake to private equity group controlled by J C Flowers. Aozora Bank and Sumitomo Trust & Banking to explore joint loans and asset management.
- 123jump.com Staff
- 19 Nov, 2007
- New York City
U.S. market averages fell sharply as housing market worries intensified. Dow and Nasdaq lost 1.66% and S&P 500 declined 1.75%. Lowes reported lower than expected earnings and issued a cautious earnings guidelines and a rating downgrade to sell on Citigroup from Goldman Sachs hurt the banking stocks. The gloom in the market led stocks in banking, retail, and housing sectors lower. Of the S&P 500 index stocks, 435 declined and 126 fell more than 3%. Peru and Brazil fell sharply.
- 123jump.com Staff
- 19 Nov, 2007
- New York City
U.S. stocks fell sharply in the morning after weak earnings report from Lowes and Swiss Re booked a loss related to sub-prime lending. Citigroup fell 5% after Goldman Sachs assigned sell rating to the stock and said that the bank could lose upto $15 billion in the next two quarters. TD Ameritrade may explore E*Trade brokerage business. European and Asian markets fell sharly as housing market worries reverberated around the globe.
- 123jump.com Staff
- 19 Nov, 2007
- New York City
Stocks in Tokyo fell on the first day of this week. Nikkei 225 index fell 0.7% to close at 15,042. Twenty One financial institutions are in an alliance to acquire Ashikaga Bank from the government of Japan. Shizuoka Bank led the gainers in the Nikkei 225 index and Tosho Corp led the decliners. Yen edged higher.
- 123jump.com Staff
- 16 Nov, 2007
- New York City
U.S. stocks gain after a day of volatile trading. Dow Jones and S&P 500 added 0.5% and Nasdaq increased 0.7%. Cisco increased its buyback of its stock by $10 billion helping the averages to recover. FedEx lowered its earnings forecast and cited rising fuel cost and slowing freight volume. Energy stocks rose after oil jumped above $95 per barrel. Agilent Technologies jumped 9% after reporting better than expected earnings.
- 123jump.com Staff
- 16 Nov, 2007
- New York City
U.S. stocks opened higher led by Cisco Systems plan to buyback stocks worth $10 billion. Starbucks reported 22% rise in sales and earnings but issued lower sales and earnings guidance for the fiscal 2008. Starbucks fell 10% at the opening in New York. Abu Dhabi Investment Authority agreed to acquire 8% stake in Advanced Micro Devices. Oil jumped 2% and gold added 1% in the early morning trading.