- Elena
- 26 Dec, 2006
- New York City
Stocks posted modest gains in light trading Tuesday as bond prices helped offset a generally disappointing report on holiday retail sales. The possibility of lower-than-expected holiday sales exerted pressure on retail stocks. Target lost 0.6%, while Best Buy fell 1.6%. With little corporate and economic news on release today, an advance in bonds drew investors'' attention. The 10-year bond was little changed, but its yield fell to 4.59% from 4.60% on Friday.
- Elena
- 26 Dec, 2006
- New York City
The session was characterized on Tuesday by a rally in large-cap stocks. A surge in Infosys and ONGC helped the Sensex close almost 2% higher. IT stocks were in demand ahead of December quarter results. ONGC advanced on record interim dividend and a newly discovered oil field. Wipro led the advancers with Satyam and TCS participating in the rally. Hero Honda led the decliners. Atlanta to buy NG Realty.
- Elena
- 26 Dec, 2006
- New York City
U.S. stocks moved slightly higher at opening on Tuesday as an increase in oil prices lifted major energy stocks like Exxon Mobil Corp. and Chevron Corp. Light sweet crude rose 22 cents to $62.63. Returning from the holiday weekend, investors were interested in retail stocks which were largely under pressure amid concerns that the holiday shopping season was somewhat disappointing. Target Corp., Best Buy, Federated Department Stores were among the early decliners.
- Elena
- 26 Dec, 2006
- New York City
U.S. stock market futures moved slightly higher Tuesday following gains for Asian markets overnight. Trading volume is expected to be very light as many investors haven
- Ivaylo
- 26 Dec, 2006
- New York City
Japanese shares advanced modestly to a fresh seven-month high, as steelmakers led the way, with nonferrous metal stocks and pharma shares also gaining. South Korean stocks closed down as local institutions took to profit-taking in transportation. Chinese shares rallied to another record high on strong interest for large-cap banks. Stock indexes in Hong Kong, Australia and New Zealand were closed for the Christmas holidays.
- Ivaylo
- 26 Dec, 2006
- New York City
Economic data was unclear and gave little direction for metals trading. Durable-goods orders advanced during November much more than expected as aircraft and computer demand soared, but a key measure of business spending dropped a second month in a row. Copper futures finished lower, with thin holiday trading conditions adding to downside pressure. On the Nymex, crude oil futures declined for a second straight session on unseasonably warm Northeast weather.
- 123jump.com Staff
- 22 Dec, 2006
- New York City
Markets around the world sold-off in light trading ahead of three-day weekend. Asian markets contniued to climb. India, Singapore and Hong Kong markets remained at elevated levels. Research in Motion stocks traded as high as $140 on 49% rise in sales and 47% gain in earnings. Markets in the U.S. sold off on ligh volume and on weak November durable goods orders. News Corp and Liberty Media agreed to exchange assets worth $11 billion. Used car auction company Adesa is bought for $3.7 billion.
- 123jump.com Staff
- 22 Dec, 2006
- New York City
Ahead of three-day holiday weekend, trading activity is below normal level. Market averages are selling off as traders show reluctance to hold positions. Durable goods orders for the November month fell for the secodn month in a row. Research in Motion reported added 875,000 subscribers in the third quarter. The stock jumped to $140 but settled lower at $130. Red Hat up 18% on earnings news.
- Elena
- 22 Dec, 2006
- New York City
Ahead of three day weekend market showed a slight upward bias. India Sensex picked up momentum to close up in the final hour of trade. Pharma, engineering, metal and select auto stocks rallied while banking stocks declined. Hero Honda led the advancers and Satyam led the decliners. Inflation at wholesale level continues to trend upwards on rising food prices. U.K. based Vodafon said that it plans to bid for controlling stake in Hutchinson Essar.
- Elena
- 22 Dec, 2006
- New York City
Tech stocks, which provided strength to the market in pre-open tradinmg, were in focus. Research In Motion, BlackBerry device maker, posted 47% profit jump on strong shipments of its handheld devices. The company reported a profit of 93 cents per share, up from 63 cents per share last year. Quarterly sales rose 49%. The stock rose 2.5% in early trading.
- Ivaylo
- 22 Dec, 2006
- New York City
Mining stocks declined in the wake of the copper demise, hitting a six-month low in Shanghai. Rio Tinto and Vedanta Resources led the decline. Vodafone fell, following its decision of a likely offer for a controlling stake in Hutchison Essar. Carnival gained for a second day on its report yesterday of better-than-expected earnings. The benchmark FTSE 100 Index gained 2.9, or less than 0.1%, at 11:47 a.m. in London. The U.K. market closes at 12:30 p.m. today.
- Elena
- 22 Dec, 2006
- New York City
U.S. stock futures gained Friday as tame inflation data and well-received results in the technology sector lifted sentiment. The Department of Commerce said consumers increased their spending in November by 0.5%, the largest amount in four months. Another economic report showed stronger-than-expected demand for big-ticket goods. Durable goods orders rose 1.9%, higher than the 1.5% gain economists were anticipating.
- Elena
- 22 Dec, 2006
- New York City
The company said earnings dropped to $14.6 million, or 7 cents per share, down from $24.6 million, or 12 cents a share last year. Excluding stock options expenses and income tax provisions, profit totaled $29.6 million, or 14 cents per share, exceeding estimates of 12 cents a share. Revenue rose 45%.
- Ivaylo
- 22 Dec, 2001
- New York City
The Nikkei''''s upward movement was driven in part by optimism that Japan''''s central bank will not consider hiking interest rates for the time being and by gains in Toyota. The Heng Seng index in HK got a boost from utilities and China-related companies on abundant liquidity. Australia and Singapore also gained while the market in South Korea ended flat in fairly narrow volume tracking a tug-of-war between local institutional profit-taking and foreign buying.
- Ivaylo
- 22 Dec, 2006
- New York City
With thin volumes trading witnessed more volatility than usual. Trading was expected to be light during that time before the Christmas break, however, telecom company Vodafone Group put some downward pressure after it announced it was interested in buying a stake in the fourth biggest mobile operator in India. In morning trade, London FTSE 100 was fractionally lower, Frankfurt Xetra Dax fell 0.3% and the CAC 40 in Paris shed 0.3%.