- 123jump.com Staff
- 15 May, 2007
- New York City
U.S. stocks showed a rally in oil, railroads and banks but tech stocks declined on inflation and housing report. The rally that started in the morning failed as mid and small cap stocks fell. Crude oil and gold rose as dollar continued to weaken. The Brazil currency rose to a six year record and currencies in Asia rose as well. Wal-Mart, Home Depot and Limited earnings kept investors away. Reuters and Thomson agreed to merge and Daimler sold Chrysler divison. Europe and Mexico closed lower.
- 123jump.com Staff
- 15 May, 2007
- New York City
U.S. stocks rose on stable inflation report. Home Depot shares fell 0.9% as well as Wal-Mart shares dropped 0.7% after releasing earnings. General Motors gained 4% on analyst upgrade at Lehman Bros. Altana topped the list of Biggest Percentage Price Gainers on the New York Stock Exchange. Limited stock was halted ahead of the news from the company. Dow Jones Industrial Average is up 8.5% in the last 30 trading days. Brazil currency real rose to a six-year high.
- Elena
- 15 May, 2007
- New York City
European stock markets gained ground on Tuesday, boosted by in-line-with-expectations U.S. core inflation data. The upward move was also contributed by deal-related and earninga gains. Reuters rose 3.4% after it agreed to back a $17.2 billion takeover from Thomson Corp. Building-materials supplier Hanson rose 4.7% as Germany''s HeidelbergCement agreed to pay 8 billion for it. The U.K.''s FTSE 100 added 0.2%, the German DAX Xetra 30 rose 0.6%, and the French CAC-40 advanced 0.4%.
- Elena
- 15 May, 2007
- New York City
U.S. stock averages moved higher, sending the Dow industrials to an all-time high, as tame inflation data offset disappointing earnings from Home Depot and Wal-Mart Stores. In corporate news, Tyco International agreed Tuesday to pay about $3 billion to settle shareholder claims that arose after former CEO Dennis Kozlowski and other top officers were charged with multiple counts of grand larceny, conspiracy, securities fraud and falsifying business records. Tyco shares gained 1.4%.
- Elena
- 15 May, 2007
- New York City
Biotech company Amgen dropped 5%, dragging both the Nasdaq and the S&P 500 index down after Medicare proposed limiting payments for its anemia drugs in response to safety concerns. On the positive side, Boeing shares rose 1.5%, while shares of General Electric climbed 1.1%. Both industrial conglomerates advanced on optimism thart the Fed Reserve will cut interest rates in the near future to boost slowing economy.
- Elena
- 15 May, 2007
- New York City
U.S. stocks opened mixed Tuesday. Hopes that the Fed Reserve will cut interest rates amid weaker-than-expected consumer price inflation in April generated positive sentiment, but disappointing results from Home Depot and Wal-Mart Stores weighed. Home Depot lost 1.7% after posting a 30% profit decline in Q1, missing expectations. The retailer also said annual earnings would be at the low end of its outlook.
- Ivaylo
- 15 May, 2007
- New York City
Merger and acquisition activity kept boosting the FTSE 100 on Tuesday. Reuters was higher in view of its merger deals with Thomson Corp. The deal, support by the Reuters Founders Share Company, still needs regulatory clearance and shareholder approval. Hansen also got a lift after an agreement with HeidelbelgCement of an $8bn takeover offer. In mid-day trading, the FTSE 100 was up 6.6 points at 6,562.1.
- Elena
- 15 May, 2007
- New York City
U.S. stock futures were flat Tuesday, reflecting in-line core inflation data and lackluster earnings reports from Wal-Mart Stores and Home Depot.
U.S. consumer prices rose 0.4% in April, boosted by increases for energy and groceries. Excluding food and energy, the core consumer price index rose 0.2%, meeting forecasts. The Home Depot posted Q1 earnings drop of 29.5% to 53 cents per share, compared with 70 cents last year, missing estimates of 59 cents a share. The stock dropped 2.2%.
- Ivaylo
- 15 May, 2007
- New York City
Asian markets closed ended down across the region Tuesday, with Shanghai and Tokyo leading decliners Japanese investors reacted to disappointing economic news that showed a likely slowdown in corporate investment. The downturn in Tokyo came after the government reported before the markets opened that core machinery orders fell 4.5% in March from the previous month.
- Elena
- 15 May, 2007
- New York City
Wal-Mart Stores, the world''s largest retailer, posted 8% increase in Q1 net income, coming in line with analyst estimates and 8.5% revenue growth, slightly missing expectations. The retailer reported quarterly earnings $2.83 billion, or 68 cents a share, up from $2.62 billion, or 63 cent a year ago, with revenue rising 8.5% to $86.41 billion from $79.68 billion.
- Ivaylo
- 15 May, 2007
- New York City
The Sensex dipped on Tuesday, although it was firm in morning deals, hovering above the 14,000 level. The market, however, could not hold onto gains in late trading as selling pressure in technology and oil & gas stocks pulled the benchmark index into negative territory. Satyam, Wipro and Infosys all lost. BHEL led the advancers, together with select banking stocks. The rupee continued to advance and was quoted at 40.83 against the dollar in late morning trading.
- Ivaylo
- 15 May, 2007
- New York City
European market traded in a tight mid-session range Tuesday, with miners still under pressure and other equities showing some general caution ahead of key U.S. data. Nokia led the gainers after it announced it won greated market share. The U.K. FTSE 100 index rose 0.1% and the German DAX Xetra 30 index inched up less than 0.1%. The French CAC-40 index slipped 0.2%.
- Ivaylo
- 15 May, 2007
- New York City
Intense selling undermined both base metals and precious metals futures alike Monday, pushing copper and platinum to new price declines. On the NYME, copper was hit by selling due to technical factors. The other precious metals also settled lower. In Nymex energy trading, nearby crude futures retreated from early gains and ended modestly higher. On the Chicago Board of Trade, soybean futures ended higher, while wheat futures finished with modest gains Monday.
- 123jump.com Staff
- 14 May, 2007
- New York City
Market averages in New York and Europe turned negative ahead of U.S. inflation and housing report and earnings from Wal-Mart and Home Depot. A total of more than $20 billion deals were reported in the U.S. and Europe today lifting deal realted stocks. Hong Kong closed up 2.5% on the news that Chinese banks will be permitted to invest in international markets.
- 123jump.com Staff
- 14 May, 2007
- New York City
Stocks fell as renewed concerns about the economy health overshadowed news of a $7.4 billion deal to buy a majority of Chrysler. Active Power recorded an expense of $1.5 million in first quarter related to the review, the company