- Ivaylo
- 23 Jan, 2007
- New York City
Gold futures faced late-day profit-taking and settled lower Monday after following the energy markets. Gold was steady, but then gave back once oil backed off. Traders are sidelined ahead of the President''s State of the Union Address on Tuesday. Silver advanced as well as palladium, while platinum dropped. The last day of trade for the February crude oil contract saw oil prices slumped.
- 123jump.com Staff
- 22 Jan, 2007
- New York City
Gap Inc reported that its board has agreed to replace its current CEO and President Paul Pressler. Gap has struggled during the last four years of his tenure to reignite its several brands and kick-start sales growth. Investors and customers have not been impressed with results. The competitive casual apparel market has shifted its focus from streamlined unisex looks to more tailored and multi color outlooks.
- 123jump.com Staff
- 22 Jan, 2007
- New York City
Investors showed a familiar worries on tech stock earnings and dragged tech heavy Nasdaq down 0.8%. Motorola profit warnings and lower than estimated profit at IBM and Intel kept investors selling tech stocks during the day. Boeing downgrade did not help either. Eaton fell on worries that lower truck production will hurt orders. Pfizer reported that it will lay-off 10,000 people to save $1 billion a year. Natural gas futures rose 6%.
- Elena
- 22 Jan, 2007
- New York City
European stocks reversed from early gains to close in the negative on Monday, pressured by weakness in the technology sector caused by earnings concerns in U.S. markets. Nokia fell 1% in Helsinki, while chipmaker STMicroelectronics dropped 2.1% in Paris. Shares of Royal Philips Electronics slipped 1.7%. The U.K.''s FTSE 100 fell 0.3%, the French CAC-40 index dropped 0.6%, and the German DAX Xetra 30 index dropped 0.9%.
- Elena
- 22 Jan, 2007
- New York City
Stocks fell steeply lower as negative sentiment for the tech sector, a notable rebound in oil prices, and a downgrade of Boeing led investors to pull money out of the market. The Nasdaq dropped 1%, with Cisco Systems falling 1.5% after JMP Securities downgraded its stock. The biggest drag on the Dow was Boeing, with shares down 3.1% after a brokerage downgrade. Among blue-chip tech stocks, Sun Micro fell 1.4% while Intel rival Advanced Micro Devices dropped 1.8%.
- Elena
- 22 Jan, 2007
- New York City
In a session of mixed trend, the market closed marginally higher. Ranbaxy Labs, Dabur India, and Siemens declined but Jet Airways and Maruti Udyog surged on earnings. Satyam led the decliner. Higher inflation expectations moderated market mood on the worries of another interest rate hike. Socialist parties controlled states rejected Central Government pension reform.
- 123jump.com Staff
- 22 Jan, 2007
- New York City
U.S. stocks opened mixed on Monday, reflecting merger activity and hopes of a rebound in the tech sector after last-week losses. Shares of Sun Microsystems rose 1.1% on news that it was near an agreement to use Intel chips. As a result, AMD shares slipped 1%. Intel shares added 0.5%. Boeing weighed on the Dow after it was downgraded to market perform from outperform by Wachovia on concerns that the commercial aircraft order cycle has peaked. The stock fell 2.6%.
- Ivaylo
- 22 Jan, 2007
- New York City
The FTSE advanced on Monday as bid speculation continued to boost InterContinental Hotels Group. The mining sector was still showing gains on bargain hunting after recent declines and firmer metal prices. But Pearson fell despite saying it was on track to post record profits for the last year. British Airways was another decliner, together with materials company Wolseley. By mid-day, the FTSE 100 gained 25.6 points, or 0.2%, to 6,262,8.
- 123jump.com Staff
- 04 Jan, 2008
- New York City
U.S. autosales declined in 2007 after consumers held back on trucks and large cars on rising gasoline prices and worries of economic slowdown. Domestic automakers lost ground to their Japanese rivals. For the year 2007, GM sales declined 6%, Ford lost 12%, and Chrysler edged 3.1%. Toyota sale gained 3.1% in 2007, Nissan sales edged 4.8%, and Honda sales edged higher 2.8%.
- Elena
- 22 Jan, 2007
- New York City
U.S. stock market futures predicted a slightly higher opening on Monday ahead of a busy week of earnings reports. The technology sector was again in focus on speculations that a deal could help chip maker Intel Corp. gain a market share. In earnings news, drug maker Pfizer topped analyst estimates on earnings by a penny a share. The Dow component inched up 8 cents in pre-open trading. Another blue-chip stock, Boeing Co. fell 1.4% after the aerospace giant was downgraded by Wachovia.
- Elena
- 22 Jan, 2007
- New York City
The considerable increase was largely contributed to the hefty gain from the sale of its consumer health care unit. Excluding the gain, earnings totaled 43 cents per share, beating the average estimates by a penny but falling 12% from the adjusted figure for a year ago. Revenue moved slightly higher to $12.60 billion from $12.55 billion a year ago, missing expectations of $12.62 billion.
- Ivaylo
- 22 Jan, 2001
- New York City
Asian markets closed higher Monday, with HK and Shanghai both reaching record closing highs, while the Japanese benchmark index hit its highest close in nine months. In Japan, stocks rose as shares on real-estate developers and steelmakers. In Hong Kong, HSBC and China Mobile pushed the Hang Seng Index to close at a record high. In China, transportation and retail companies surged on expectations of strong revenue in the run-up to the Chinese New Year. South Korea and Australia also advanced.
- Ivaylo
- 22 Jan, 2007
- New York City
European markets hit fresh six year highs on Monday as rising commodity prices helped lift oil stocks, miners and industrial metals groups, while strong sales helped Swiss watchmaker Swatch. Credit Suisse and Philips and were the other gainers on strong earnings reports. By late morning, FTSE 100 in London climbed 0.5%, Frankfurt Xetra Dax added 0.2%, and the CAC 40 in Paris gained 0.4%.
- Ivaylo
- 22 Jan, 2007
- New York City
The combination of strength in other commodities and lower warehouse inventories pushed copper higher Friday. Gold and silver, too, got a lift from crude oil. Investors are talking about crude bouncing off the recent lows. That seems to be the leading commodity at this point in time. It appears that everybody is focused on the crude market. Arabica coffee futures setlled lower, while raw sugar advanced.
- albena
- 19 Jan, 2007
- New York City
The preliminary consumer sentiment index hit a 3-year high but didn