- Elena
- 18 Apr, 2007
- New York City
U.S. stock market futures pointed to a lower opening Wednesday, dragged down by weakness in the tech sector, generated by disappointing earnings news at Yahoo and a downgrade of IBM. Motorola also said it swung to a Q1 loss, hurt by lower-than-expected mobile phone sales. Stronger-than-anticipated financial results from chipmaker Intel and financial services giant J.P. Morgan, failed to lift sentiment.
- Ivaylo
- 18 Apr, 2007
- New York City
Copper surged Tuesday on fund buying, as strong U.S. housing starts and uncertainty about the labor situation at a large Indonesian mine contributed to the rally. While copper futures advanced sharply, precious metals contracts ended mostly lower on profit-taking despite the ongoing slide of the dollar. In Nymex energy trading, crude oil futures finished lower Tuesday, pulled down by dipping gasoline prices caused by the imminent return to production of two key U.S. refineries.
- Elena
- 18 Apr, 2007
- New York City
Intel said its Q1 profit surged 19% to $1.61 billion, or 27 cents per share, higher than $1.36 billion, or 23 cents per share in the same period last year. Revenue in the quarter was $8.85 billion, down slightly from last year''s $8.94 billion. The quarterly profit exceeded analyst expectations for net income of 22 cents a share on $9 billion in revenue.
- Ivaylo
- 18 Apr, 2007
- New York City
European markets traded lower on Wednesday morning, as dropping auto and construction sectors countered gains from chip equipment maker ASML and Swiss drug maker Roche. U.K. investors were wary about the sterling, which traded at a high of $2.0104, a level not seen for 26 years. If the pound stays around the $2 level, it could put the profits of exporters under pressure. The German DAX Xetra 30 index lost 0.6%, the French CAC-40 index declined 0.4% and the U.K. FTSE 100 index slipped 0.3%.
- Ivaylo
- 18 Apr, 2007
- New York City
The benchmark index opened with a slightly negative bias but soon surged on buying in NTPC, ONGC, Bharti Airtel, ONGC and Reliance Industries. State banks continued their upward trend, while auto and cement shares dropped. The market trimmed gains at the end of the session as profit-taking emerged at higher levels. NTPC performed the best, while on the opposite end was Tata Steel, which led the decliners. The rupee again turned strong against the US dollar.
- 123jump.com Staff
- 17 Apr, 2007
- New York City
Yahoo, Intel, IBM and led in the after hours after reporting earnings after the close of regular market trading. Yahoo earnings fell disappointing investors and Intel earnings rose on tax benefit. IBM earnings rose on recent software acquisition. Charles Schwab reported $33.5 billion in new assets, 27% rise from a year ago.
- 123jump.com Staff
- 17 Apr, 2007
- New York City
Investors applauded 0.1% rise in core inflation and ignored 0.6% rise in CPI lifting averages in the morning trading. Coca-Cola said Q1 profit rose 14%. Johnson & Johnson said its net fell 22%, hurt by a charge related to an acquisition. TD Ameritrade fell 9%. KeyCorp said Q1 net income rose but shares fell 5.4%. After the close IBM reported 8% rise in income on 6.6% rise in revenue.
- 123jump.com Staff
- 17 Apr, 2007
- New York City
Stocks rose helped by solid profits at companies and data showing tamer core inflation in March. Coca-Cola rose 2.9%, while Johnson & Johnson gained 3%. Ahead oUf earnings release Intel was up 1.3% and IBM was up 1%. Black & Decker rose 6% on revised outlook. East West Bancorp gained 7% on 24% rise in earnings.
- Elena
- 17 Apr, 2007
- New York City
European stock markets ended mixed on Tuesday, as gains in the shares of oil producers, supermarket group Tesco and automaker Peugeot helped offset weakness in the technology-sector. Tesco rose 1.3% after Britain''s largest supermarket chain posted strong profit. Shares of Peugeot rose 3.2% on broker upgrade. The U.K.''s FTSE 100 fell 0.3%, German DAX 30 rose 0.2%, while the French CAC-40 lost 0.1%.
- Elena
- 17 Apr, 2007
- New York City
U.S. stocks took the upward direction on late Tuesday morning, with the Dow Jones hitting a record-high intraday on the back of upbeat economic data and earnings from Coca-Cola and Johnson & Johnson. Tech stocks traded in the positive ahead of earnings reports from IBM, Intel, and Yahoo. All three stocks gained about 1%. Banking stocks advanced, helped by gains for Wells Fargo and Mellon Financial. The Nasdaq rebounded from earlier decline, weighed down by Ameritrade.
- Elena
- 17 Apr, 2007
- New York City
In mid-morning trade, the Dow was up 22 points at 12,744, helped by 2% gain for Coca-Cola and 2.5% advance for Johnson & Johnson. The S&P 500 was up 1.7 points at 1,470, while the Nasdaq Composite fell 2.1 points to 2,516, dragged by a 7% drop in the shares of TD Ameritrade. The online broker posted disappointing Q1 earnings and lowered its outlook. KeyCorp. dropped 5.4%, despite better-than-forecast Q1 earnings. Meanwhile, Financial and Wells Fargo & Co. posted results above estimates.
- 123jump.com Staff
- 09 Jan, 2008
- New York City
U.S. stocks rebounded in the afternoon rally after Warren Buffett of Berkshire Hathaway said that he may invest in bond insurers. The comments lifted bond insurers from the lows of the day. On the back of the commnets financial services and brokerage firms rallied. Merrill Lynch, Morgan Stanley, and Goldman Sachs advanced. Dupont jumped 5% after lifting earnings estimate for 2007 and raised guidance for 2008.
- 123jump.com Staff
- 09 Jan, 2008
- New York City
MBIA, the bond insurer, suffered one of the worst losses today after it revealed a plan to raise $1 billion and cut quarterly dividend to 13 cents from 34 cents. MBIA has suffered heavy losses related to asset based lending and sub-prime lending. The company hopes that this recapitalization move will save its AAA rating. In total $652 billion of bonds could suffer in value if MBIA loses its AAA rating.
- Elena
- 17 Apr, 2007
- New York City
U.S. stocks turned flat after opening lower on Tuesday. Market sentiment was helped by a rise in home construction and a mild reading on consumer inflation, but a falling dollar and industrial output limited buying interes. The Federal Reserve said that industrial output dropped 0.2% in March as utility production fell 0.7%, offsetting a rise in factory production. Investors were also cautious ahead of a new batch of earnings reports.
- Ivaylo
- 17 Apr, 2007
- New York City
Profit-taking pulled UK stocks down on Tuesday as a sharp increase in inflation raised the prospect of a May interest rate rise. Inflation had jumped undermining the government target of 2%. It also sent the value of sterling above $2 for the first time since the UK was forced to exit the European Exchange Rate Mechanism. The FTSE 100, which hit a six-and-a-half year high in the previous session, eased 45.7 points to 6,470.5 in a broad-based decline.