- Elena
- 24 Oct, 2006
- New York City
U.S. stocks opened in the red Tuesday, as investors grew cautious ahead of the Fed Reserve''s policy meeting. A weak sales outlook from Texas Instruments also hurt sentiment, but shares of DuPont rallied after the chemicals giant posted strong quarterly results. Lockheed Martin reported a 47% gain in Q3 earnings to $1.46 per share, up from 96 cents per share a year ago, beating estimates of $1.24 per share.
- Ivaylo
- 24 Oct, 2006
- New York City
Nerves before the busy reporting season had London large-cap stocks struggling by the afternoon, as weak metal prices led the miners down. Trading volumes were light, as they had been in the previous session.The muted performance was despite the U.S. market hitting an all-time high overnight. The FTSE 100 shed 0.4 points to trade at 6,165.9 by mid-day.
- Elena
- 24 Oct, 2006
- New York City
U.S. stock market futures moved lower on Tuesday. The negative mood was generated by cautiousness ahead of Fed Reserve interest-rate decision and a disappointing view from microchip maker Texas Instruments. TI shares dropped on slower-than-forecast 13% sales growth and warning that Q4 semiconductor growth will be below the seasonal average. Lockheed Martin reported a 47% gain in Q3 earnings to $1.46 per share, up from 96 cents per share a year ago.
- Elena
- 24 Oct, 2006
- New York City
The company reported Q3 earnings rise of 52 cents a share, compared to a loss of 9 cents a share last year. Total revenue increased 7.5% to $6.31 billion from last year''s $5.87 billion. The Dow component confirmed its forecast for earnings of about $2.86 a share for 2006, in line with the average analyst estimates.
- Ivaylo
- 24 Oct, 2006
- New York City
The Nikkei 225 fell on Tuesday as shares of of NTT DoCoMo and KDDI both plunged on worries that a nearing price war could hurt profits. The Composite Index in Shanghai jumped due to new share buying after investors got refunds from the strongly oversubscribed offering to the Industrial & Commercial Bank of China. Hong Kong, South Korea and taiwan all advanced, but Australia dipped as mining stocks declined.
- Ivaylo
- 24 Oct, 2001
- New York City
European shares traded lower on Tuesday morning, as miners BHP Billiton and Anglo American fell and as chipmakers were under pressure from a profit warning from Texas Instruments, though oil large-cap BP gained as profit on an adjusted basis rose. Shares in BHP Billiton and miner Anglo-American dipped. The FTSE 100 in London was flat, Frankfurt Xetra Dax lost 0.2%, the CAC 40 in Paris slipped 0.4%.
- Ivaylo
- 24 Oct, 2006
- New York City
The inability of gold to stay above $600 an ounce late last week, together with a stronger U.S. dollar and weaker crude oil weighed heavily on gold on Monday. Liquidation emerged early in the day, when sell stops were hit. Other precious metals were also under fire and declined. Copper fell in harmony with the rest of the metals complex and witnessed a heavy selling after a weak close on Friday.
- 123jump.com Staff
- 23 Oct, 2001
- New York City
Market maintained upward bias since the morning hours. Strong rise in earnings from AT&T was followed by a loss of $5.8 billion by Ford Motor. American Express earnings rise 11% but misses revenue target. wal-Mart to slow capital spending to open new domestic stores. Earnings from Hasbro and Xerox exceeded analysts views. IBM sues Amazon for Internet patent violation. Energy stocks fell on oil. Google jumps $22.
- Elena
- 23 Oct, 2006
- New York City
European stock markets finished in the positive territory, boosted by deal news and strength in the transport sector. A strong rally on Wall Street and a new all-time high for Dow Jones also contributed to the upside move. The German DAX 30 rose 0.6%, supported by deal speculation. The French CAC 40 gained 0.7%, helped by airline Air France-KLM. London FTSE 100 closed up 0.2%, helped by gains in Standard Chartered.
- Elena
- 23 Oct, 2006
- New York City
The Dow rebounded from earlier weakness to hit a new trading high, following news that Wal-Mart Stores will cut capital spending in order to drive overall returns. The retailer also said it will be more selective about the location of new stores. Shares of the Dow component rose 5%.
- Elena
- 23 Oct, 2006
- New York City
The Sensex ended lower on Monday on profit-taking. The unwinding of positions in derivatives ahead of expiry date on Thursday, October, 26, pulled the market down. The decline was across-the board, all the sector indices finished lower. Bajaj Auto and HDFC Bank led the advancers today, while ITC and ICICI Bank led the decliners. The government is ready to lift a ban on sugar exports imposed in July.
- Elena
- 23 Oct, 2006
- New York City
U.S. stocks declined at opening after Ford posted a wider quarterly loss and said it would restate profit for the past five years. Shares of energy companies, including Exxon Mobil Corp. also moved lower together with crude oil price. Shares of AT&T helped to limit losses on the Dow as the telecom operator reported stronger-than-expected quarterly profits.
- Ivaylo
- 23 Oct, 2006
- New York City
The mood in London is reflecting the lack of any major news so far today, with FTSE 100 now drifting after a decent start. Standard Chartered has climbed to the top of the benchmark index on a report that an investment arm in Dubai may raise its stake in the Asia-focused bank. Crude oil for December delivery fell sending Shell, BP and BG Group into early losses. The FTSE 100 declined 10.6 points, or 0.1%, after initially traded higher in opening exchanges.
- Elena
- 23 Oct, 2006
- New York City
U.S stock futures pointed to a mixed start on Monday as Ford reported disappointing results, while Xerox posted Q3 profit rise of 54 cents a share, from 5 cents a share last year. Dow component AT&T reported Q3 earnings rise of 56 cents a share, up from 38 cents a share a year ago. Excluding non-recurring items, earnings would have been 63 cents a share, exceeding estimates of 58 cents a share. Investors also looked ahead to a FOMC meeting Tuesday.
- Elena
- 23 Oct, 2006
- New York City
Ford reported net loss of $3.08 per share, larger than last year''s Q3 loss of $284 million, or 15 cents per share, and the largest since the fourth quarter of 1992. Ford Motor also said it will restate its earnings for 2001 due to accounting errors related to derivative deals. The restatement is expected to effect financial results from 2001 until the third quarter of 2006.