- Elena
- 24 Jan, 2007
- New York City
U.S. stock futures pointed to a flat market opening, with tech stocks ready for a better performance Wednesday, led by Yahoo Inc. and Sun Microsystems. Yahoo rose 5.6% in pre-open trading, despite the 61% profit drop reported by the Internet search group. In addition, Goldman Sachs downgraded its shares, citing valuation. Sun Microsystems rallied 8.8% in the pre-open, due to a better-than-forecast profit on 7% revenue group.
- Elena
- 24 Jan, 2007
- New York City
Yahoo reported net income drop of $269 million, or 19 cents a share, down from $683 million, or 46 cents a year earlier, when it had a $340 million gain from the sale of investments. Fourth-quarter profit was higher than the expected earnings of 13 cents a share. The company said sales rose 13% to $1.7 billion on stronger demand for the company''s display ads.
- Ivaylo
- 24 Jan, 2001
- New York City
Stocks in Asia advanced sharply on Wednesday, with the benchmark index in Japan closing in on a six-year high on hopes for strong earnings reports lifting Toyota, Canon and other large-caps. The advance in Tokyo was focused on domestic stocks, with financial shares, steelmakers and trading companies gaining. Natural-resource companies gained after crude-oil prices bounced back above $55 per-barrel. Markets in Hong Kong, Singapore, Malaysia, New Zealand and Australia set intraday records.
- Ivaylo
- 24 Jan, 2007
- New York City
European stocks were higher in early trade on Wednesday as rising oil prices lifted energy stocks, while banking sector gains were led by HVB Group after majority shareholder Unicredit said it planned to buy out minority investors. The market shrugged off the declines from technology companies SAP and STMicroelectronics. In early trade, FTSE 100 in London climbed 0.6%, Frankfurt Xetra Dax added 0.3%, and the CAC 40 in Paris gained 0.5%.
- Ivaylo
- 24 Jan, 2001
- New York City
Gold prices hit a three-week high Tuesday as the dollar slumped against other major currencies and a possible nationalization of its mining sector in Bolivia stunned the market. Bolivia intends to raise taxes on mining, while also stating that the government may nationalize companies that violated privatization rules. Silver hit a five-week high on the back of a surge in copper futures and palladium ended at four-month high.
- 123jump.com Staff
- 04 Jan, 2008
- New York City
Nikkei 225 Index in Tokyo trading fell 4.03% or 616.37 to close at 14,691.41. Broader index Topix fell 4.3% or 63.77 to 1,411.91. Both indexes fell for the first time with a such a large measure on the first trading day of a new year. After the release of weak auto sales in December month in the U.S. Nissan fell 9% and Toyota dropped 3%. Shipping lines fell after the Baltic Dry Index, which gauges prices, slumped for the ninth day in a row by 1.5% as China scaled back its iron ore imports.
- 123jump.com Staff
- 04 Jan, 2008
- New York City
Australian stocks closed higher as the markets in the region gained. ASX 200 Index closed up 12.80 or 0.2% to close at 6,385.40. The Preliminary market turnover was 1.61 billion, worth a total $3.77 billion, with 640 stocks moving up, 549 moving down, and 336 unchanged. National Australia Bank hiked its variable rate for home loans by 12 basis points to 8.69% while ANZ, raised the borrowing charge for some of its products by 25 basis points to 8.44% and 8.54%.
- 123jump.com Staff
- 23 Jan, 2007
- New York City
Market averages opened higher and closed near the high of the day. Crude-oil futures climbed almost 5% to close above $55 for the first time in two weeks following news that the U.S. plans to boost its emergency oil reserves. The U.S. plan to boost its reserve to 97 days of import from 55 days of import reserve helped oil to rebound. Sun Microsystems reported profit of 3 cents on 7% rise in revenue. Yahoo earning drops 61%. Bank of America earnings jump 47% and Wachovia earnings Up 10%.
- Elena
- 23 Jan, 2007
- New York City
European stocks finished mostly lower on Tuesday, dragged down by weakness in the technology sector and a profit warning from sugar producer Tate & Lyle. French-U.S. communications company Alcatel-Lucent dropped 8.5%, while LogicaCMG dropped 5.1%. In contrast, SAP shares advanced 2.1% after it was upgraded by Morgan Stanley. Tate & Lyle tumbled 15.6% in London. The German DAX 30 fell 0.1% at 6,678.93, the French CAC-40 slipped 0.1% at 5,575.07, while the U.K.''s FTSE 100 gained 0.2%.
- Elena
- 23 Jan, 2007
- New York City
U.S. stocks reversed from early weakness, as strong results from Texas Instruments helped relieve investor worries about the tech sector and offset a profit warning from Alcatel-Lucent. TI led chip makers higher with an advance of 3.9% on better-than-expected results and a job cuts announcement. United Technologies was a notable gainer among tech stocks, rising 3.1%, due to strong quarterly earnings. The Dow was supported by Boeing, Alcoa, Verizon.
- Elena
- 23 Jan, 2007
- New York City
The market opened with a positive sentiment but soon took a plunge due to heavy selling in large-caps. Cement stocks led the decliners hurt by the decision of the government to abolish customs duty on cement import. Bharti Airtel was a stand-out among large-caps on its strong Q3 results, while Dr Reddy
- Elena
- 23 Jan, 2007
- New York City
U.S. stocks opened little changed on Tuesday, with investors eyeing a new batch of corporate earnings reports. A disappointing outlook from Lucent-Alcatel was countered by strong financial results at Bank of America and Johnson & Johnson. Home builder D.R. Horton posted Q1 net income drop of 65% to 35 cents a share, down from 98 cents last year, but above analyst estimates of 33 cents a share. The stock rose 3.2% in early trading.
- Ivaylo
- 23 Jan, 2001
- New York City
Tate & Lyle weighed heavily on FTSE 100 in UK on Tuesday, as the company tumbled after it warned of slower-than-expected sales. The news impacted market sentiment negatively and hurt other food processors, raising the prospect of slower demand across the sector. On the other hand, retailers advanced as traders interpreted a report into the the UK grocery market as relatively benign. By mid-day, the FTSE 100 was 19.2 points lower to 6,199.2.
- Elena
- 23 Jan, 2007
- New York City
U.S. stock futures pointed to a flat market opening Tuesday, with a downbeat outlook from Alcatel-Lucent further weighing on the tech sector. Shares in the company dropped 11% in pre-open after it warned that on an adjusted basis, it wouldn''t make any operating profit at all in Q4. On a positive note, chip maker TI rose 3.4% on stronger-than-expected profit and an upgrade at Merrill Lynch. S&P 500 futures fell 1.40 points, Nasdaq 100 futures slid 3.75, and Dow dropped 9 points.
- Elena
- 23 Jan, 2007
- New York City
The chip maker earned $668 million, or 45 cents per share, compared with $655 million, or 40 cents per share last year. Revenue rose by 4% to $3.46 billion from $3.32 billion in the same period a year earlier. The quarterly results exceeded analyst estimates for earnings of 38 cents a share on revenue of $3.43 billion. TI released lower-than-expected Q1 earnings forecast. The company also said it would eliminate 500 jobs over the coming year by closing the Dallas chip plant.