- Elena
- 25 Jan, 2007
- New York City
U.S. stock averages turned to a quiet light trading, as robust profit reports from several tech heavyweights failed to sustain enthusiasm for the sector. Weaker-than-expected existing home sales helped generate negative mood, leading to notable losses by housing stocks. Existing home sales fell 0.8% in December. For the year, sales fell by 8.4 %, the biggest annual decline since 1989. Among housing stocks, Toll Brothers slipped 3.5%, KB Home lost 2%, and Hovnanian Enterprises slipped 3%.
- Elena
- 25 Jan, 2007
- New York City
The market traded in a tight range until the final hours when traders covered their short positions ahead of the expiry of January derivatives. Metal, software and telecom stocks led the advance in a broad rally. Tata Steel continued its surge, Hindalco, Bharti Airtel and Wipro were the other main advancers. Cipla and Ranbaxy led the decliners. Weekly measure of inflation declined.
- Elena
- 25 Jan, 2007
- New York City
U.S. stock markets opened mixed Thursday, with technology stocks showing continuous strength and helping the Nasdaq move above the flat line. Investors reviewed strong quarterly results from eBay Inc., Nokia, AT&T Inc. and a huge profit loss at Ford Motor. The Labor Department said that 325,000 newly laid-off workers filed claims for jobless benefits, an increase of 36,000 from the previous week. Market also awaited word on the state of the housing market.
- Ivaylo
- 25 Jan, 2007
- New York City
The FTSE 100 advanced to a six-year high in morning trade on Thursday on strong oil and banking stocks. Declines in electricity companies, though, made the benchmark index give up some of the gains. Friends Provident and Aviva surged on the back of strong performance from Legal & General overnight in New York. Oil large-caps also rallied on stronger crude prices with BP and Royal Dutch Shell both gaining. By midday the FTSE 100 was 6 points, or 0.1% higher at 6,321.1.
- Elena
- 25 Jan, 2007
- New York City
U.S. stock futures pointed to a flat market opening, as better-than-anticipated results at eBay and Nokia provided further strength to the tech sector, while Ford weighed on the broader market with a wider Q4 loss. EBay jumped 12% in pre-open trading after posting a 29% rise in quarterly sales. Nokia rose 5.3% after the handset maker posted 19% profit rise on 13% revenue increase. Qualcomm gained 3% after the company posted a 5% profit rise and confirmed its 2007 outlook.
- Elena
- 25 Jan, 2007
- New York City
U.S. stock futures pointed to a flat market opening, as better-than-anticipated results at eBay and Nokia provided further strength to the tech sector, while Ford weighed on the broader market with a wider Q4 loss. EBay jumped 12% in pre-open trading after posting a 29% rise in quarterly sales. Nokia rose 5.3% after the handset maker posted 19% profit rise on 13% revenue increase. Qualcomm gained 3% after the company posted a 5% profit rise and confirmed its 2007 outlook.
- Elena
- 25 Jan, 2007
- New York City
The huge quarterly loss was contributed to weaker sales and high restructuring costs, pushing the automaker''s annual deficit to $12.7 billion, the biggest in its 103-year history. Excluding special items, the automaker would have lost $2.1 billion, or $1.10 a share, slightly better than the average analyst estimates of a loss standing at $1.01 a share and sales of $34.67 billion. Ford''s shares fell 1.2% in pre-market trading.
- Ivaylo
- 25 Jan, 2007
- New York City
Asian markets closed mostly lower after the benchmark index in Japan declined from an intraday record on Thursday following the yen advance against the dollar. In Tokyo, shares of exporters lost on the strength of the yen. China Mobile dipped on profit-taking, leading HK market lower. Insurers and refineries brought China lower. Singapore also retreated, the market in Australia gained though, bucking the downward trend.
- Ivaylo
- 25 Jan, 2001
- New York City
Strong results from Nokia, Pernod Ricard, Siemens and H&M, as well as robust performance from US markets overnight supported European markets Thursday. Industrial shares led after Siemens posted better-than expected results. Chemical stocks dipped, with shares in Air Liquide leadingthe decliners U.K airline British Airways was also in the red. By mid morning, the FTSE 100 in London climbed 0.2%, Frankfurt Xetra Dax added 0.2%, and the CAC 40 in Paris gained 0.1%.
- Ivaylo
- 25 Jan, 2007
- New York City
A rebound in late trading in crude oil made it possible for gold futures to end Wednesday with a gain. Gold has been attracting solid physical demand in Asia and Europe, especially India. Crude oil futures advanced to a two-week high Wednesday, reversing losses. Silver also advanced, while platinum and palladium bucked the trend and declined. Arabica coffee futures closed higher but raw sugar slipped.
- 123jump.com Staff
- 24 Jan, 2007
- New York City
EBay reported fourth quarter earnings rise of 25% on revenue growth of 29%. The global market to trade goods and services attracted 81 million people who exchanged $14 billion of products. The company raised the first quarter 2007 earnings guidance between 28 cents and 30 cents. EBay stock jumps 8% in the after market trading.
- 123jump.com Staff
- 24 Jan, 2007
- New York City
Market averages regained its climb as S&P 500 and other averages inched closer to a six-year high. A batch of positive earnings from several companies lifted the mood on the Wall Street. Oil rose on weekly inventory report however, natural gas fell. European markets gained on rising commodities prices and fall in tech stocks. Latin American stocks rose on higher earnings expectations.
- Elena
- 24 Jan, 2007
- New York City
European stocks closed in the positive, as strength in the oil and metals sectors offset declines from technology companies SAP and STMicroelectronics. Energy and resource stocks rallied on Wednesday, helped by gains from oil giant BP, up 1.4%, and miner Vedanta Resources, up 4.7%. Computer-software maker SAP weighed on the tech sector with a decline of 4.4% in Frankfurt. The oil-heavy U.K. FTSE 100 rose 1.3%. The German DAX 30 rose 0.9% and the French CAC-40 rose 1.1%.
- Elena
- 24 Jan, 2007
- New York City
U.S. stocks continued to move higher. The Nasdaq rose more than 1%, as Yahoo said it would launch a new Web advertising system and Sun Microsystems struck a deal for future financing. The energy and health sectors were little moved by President Bush''s State of the Union address, with Exxon Mobil down 0.7% and Pfizer rising 1.1%. Shares in McDonald''s fell 1.6% after the restaurant chain posted doubled profit in Q4 which met average estimates.
- Elena
- 24 Jan, 2007
- New York City
The market ended in positive territory Wednesday in a highly volatile session. In morning trading, cement stocks rebounded, but in the afternoon the focus shifted to metals, banks and energy stocks. Tata Steel led the advancers, together with Hindalco and L&T. Telecom regulator TRAI on Wednesday reduced mobile roaming tariffs up to 56%.