- Elena
- 18 Apr, 2007
- New York City
U.S. market averages turned mixed in late morning trading, reflecting upbeat earnings at JP Morgan Chase & Co. and Intel Corp. and concerns about the technology sector, raised by lower-than-expected earnings at Yahoo and a downgrade of IBM. J.P.Morgan and Intel led the Dow higher, posting an advance of 4.1% and 1.7%, respectively. IBM was the biggest drag on the Dow, falling 2.5%. The tech-heavy Nasdaq was weighed down by 12% drop for Yahoo.
- Elena
- 18 Apr, 2007
- New York City
Shares of Motorola rose 2.1% after the company said that revenue and earnings excluding special items beat expectations. Outside the sector, Abbott Laboratories dropped 2.2% after the company reported Q1 earnings drop of 19% to 45 cents a share from 56 cents a year earlier, exceeding expectations.
- Elena
- 18 Apr, 2007
- New York City
U.S. stocks declined at opening Wednesday amid a batch of mixed earnings reports that led to some profit-taking. Weakness in the tech sector weighed after disappointing earnings results, with Yahoo, down 2% and IBM, lower by 2%. Financial stocks were helped by J.P. Morgan, which rose 4% after it said Q1 net income rose more than 50% to $1.34 a share, from 86 cents a year ago, well above estimates of $1.02 a share.
- Ivaylo
- 18 Apr, 2007
- New York City
Further interest rate hikes, very likely after minutes released today from the Bank of England MPC meeting earlier this month, pulled down the FTSE on Wednesday. Real estate stocks and ex-dividend stocks led the decliners. Barcley
- Ivaylo
- 18 Apr, 2007
- New York City
Japanese and Australian stocks rallied Wednesday, with exporters gaining after upbeat U.S. economic data alleviated worries over the economic growth outlook for the most important export market of Asia, while higher metals prices boosted miners. China finished almost unchanged, while Hong Kong ended lower.
- 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.