- 123jump.com Staff
- 13 Jul, 2007
- New York City
Market averages for the second day in New York closed higher. Nearly 2% rise in crude oil price lifted several energy stocks. June retail sales declined 0.9%. General Electric reported 13% rise in earnings on 12% gain in sales for the second quarter. General Electric, Amgen and Paychex increased stock buyback programs. In Asia, India, Indonesia, Korea, and Hong Kong closed at a record high. Germany and UK closed near seven-year high. Brazil and Mexico traded near record level.
- Elena
- 13 Jul, 2007
- New York City
European stock markets finished higher, lifted by strength in the shares of ASML Holding NV and Nokia Oyj. The gains followed a better-than-expected earnings report from semiconductor Samsung Electronics Co. ASML rose 1.7% and Nokia added 0.9%. German technology firm SAP added 1%. Germany advanced 0.5%, followed by the U.K. with a gain of 0.3% at, and France up 0.2%.
- Elena
- 13 Jul, 2007
- New York City
The U.S. market averages turned mixed in late-morning trading. The Dow and the S&P 500 extended the solid gains posted in the previous session, while the Nasdaq moved to the downside. Blue-chip stocks were led higher by strength in the shares of Alcoa. The aluminum giant continued recent advance, posting a gain of 4.3% after it announced it will withdraw its acquisition bid for Alcoa. General Electric added 2.3% after reporting better-than-expected Q2 revenues.
- Elena
- 13 Jul, 2007
- New York City
Wall Street started trading below the flat line Friday, reflecting profit taking after the record rally Thursday and a bigger-than-expected drop in monthly retail sales. General Electric failed to offset the negative sentiment. Dow component rose 2.8% after it announced it will exit its U.S. subprime mortgage business and lifted its buyback program to $14 billion. Among blue-chips Alcoa rose 2.6% after the aluminum giant withdrew its bid for Alcan, following a higher bid from Rio Tinto.
- Ivaylo
- 13 Jul, 2007
- New York City
London retreated from a strong start as the morning progressed, but the benchmark index is still in positive territory with strong demand for financial stocks. The strong U.S. close overnight buoyed the market. Mining stocks fell out of favor after their recent rally. Man Group leads the advancers, while Antofagasta and Lonmin are lower. By mid-day in London, the FTSE 100 was up 17 points, or 0.3%, to 6,714.9.
- Elena
- 13 Jul, 2007
- New York City
U.S. stock futures pointed modestly higher Friday, as data which showed a sharper-than-expected drop in retail sales and higher import prices offset gains in the shares of General Electric. The Dow member posted earnings in line with expectations and said it plans to exit the U.S. subprime mortgage business. It also raised its 2007 share-buyback program to $14 billion.
- Ivaylo
- 13 Jul, 2007
- New York City
Asia rallied Friday with several benchmark indexes setting record highs including Hong Kong, South Korea, Singapore, Indonesia and India. Japan also gained on strong U.S. close overnight and exporters. Miners surged tracking Rio Tinto
- Elena
- 13 Jul, 2007
- New York City
General Electric said its Q2 net income rose $5.4 billion, or 53 cents a share, up from $4.9 billion, or 48 cents, a year earlier. Company
- Ivaylo
- 13 Jul, 2007
- New York City
The market kept the buying momentum from yesterday and saw steady buying in metal stocks, together with auto and cement shares. Pharma stocks led the decliners. Hindalco, Tata Steel and Tata Motors were the best performing stocks, while TCS and Dr Reddys tumbled. Large-caps rally failed to broaden to mid-cap and small-cap stocks. Weekly wholesale inflation edged slightly higher in the last week of June. SAIL up 10%.
- Ivaylo
- 13 Jul, 2007
- New York City
Gold futures advanced on Thursday, propelled by a record low of the U.S. dollar against the euro. Industrial metals ended mostly lower with copper, aluminum and tin losing ground. Energy prices, too, declined as some refineries restarted operations, while on the Chicago Board of Trade, corn was boosted by forecasts of dry weather in the western Corn Belt. Wheat declined, while soybean prices edged higher.
- Ivaylo
- 13 Jul, 2007
- New York City
European markets rallied Friday with DAX index in Germany striking a new intra-day high with technology, chemical and financial stocks in focus. The markets in London and Paris also advanced buoyed also by the strong rally overnight on Wall Street. SAP, Nokia and Schneider Electric led the gainers, while L
- 123jump.com Staff
- 12 Jul, 2007
- New York City
U.S. averages soared on June retail sales, takeover offer for Alcan, and revised estimate for GDP growth rate. Better than expected June retail same store sales lifted investor mood. U.S. reported May trade deficit increase of 2.3%. However, rise in exports left several economists to lift GDP growth estimates for . Brazil surges 2.2%. Central banks in Korea lift rates, Philippines lowers, and Japan left them unchaged.
- Elena
- 12 Jul, 2007
- New York City
European stock markets posted solid gains to close at a month-high Thursday. Mining companies were leading gainers, benefiting from Rio Tinto''s $38.1 billion offer to buy Canadian miner Alcan. BHP Billiton rose 4%, while copper producer Xstrata climbed 4.7%. Germany climbed 2%, followed by France with an increase of 1.7% and the U.K. 1.3%.
- Elena
- 12 Jul, 2007
- New York City
U.S. market averages extended rally in late morning trade, with the Dow rising 1% to a record intraday high after retailers posted upbeat June sales figures and outlooks. American Eagle Outfitters rose 6% after the youth clothing retailer said its same-store sales jumped 8%. J.C. Penney added 3% after it posted a narrower-than-expected drop in its June same-store sales and affirmed its Q2 profit forecast. Rio Tinto''s $38.1 billion bid for Alcan also provided support.
- Elena
- 12 Jul, 2007
- New York City
Wall Street rallied at opening Thursday, boosted by optimism about consumer spending after retailers released June sales reports. Wal-Mart rose 2.5% on higher-than-expected same-store sales. Nordstrom rose 3%, Limited Brands added 2%. A higher bid for aluminum maker Alcan also generated positive mood. Rio Tinto offered to buy Canadian aluminum company Alcan for $38.1 billion, topping a bid from Alcoa that was rejected in May. Alcan shares surged 9%, while Dow member Alcoa rose 6%.