- 123jump.com Staff
- 28 Apr, 2006
- New York City
Microsoft stock dropped 11.4% as the company missed earnings forecast and guided lower earnings for the fiscal year. The company plans to spend close to $2 billion in chasing Yahoo and Google to energize its search and AdCenter business and gaming console business. The company has bought back $5 billion of its own shares in the reported quarter and plans to spend another $6.5 billion in the current quarter to purchase its own stock.
- 123jump.com Staff
- 28 Apr, 2006
- Metals
Market averages closed lower led by a sharp decline in tech stocks. Microsoft closed 11.4% lower on an earnings miss and lower guidance for the current fiscal year. Citigroup led the financial sector higher. Gold and silver closed up to a record high. Gold rose 12% for the month and silver closed up 7% on the launch of ETF named SLV. Preliminary read on the first quarter GDP growth rate came in at 4.8% lower than 5% estimated. The U.S. dollar fell to eleven month low against euro.
- 123jump.com Staff
- 28 Apr, 2006
- Metals
Gold staged $18 rally and closed at a record price of $654 after climbing as high as $658. Gold continues to attract attention with international tension driven by Iran affair. Gold is up 12% for the month. U.S. dollar fell and oil climbed reflating tensions in the international markets.
- Elena
- 28 Apr, 2006
- Frankfurt
European markets closed in the negative, extending earlier losses on weakness in the auto sector, dragged by Volkswagen which fell 5.4% on earnings rise that came far below expectations.The German DAX 30 tumbled 1%, the French CAC 40 lost 0.5% and London FTSE 100 fell 0.6%.
- Elena
- 28 Apr, 2006
- New York City
Stocks traded mixed Friday morning, reflecting upbeat data on GDP for the first quarter and disappointing earnings and guidance released by Microsoft. The Commerce Department said the nation''''s GDP bounced back to grow 4.8% compared with estimates of 4.9% increase. Wall Street also weighed a decline in consumer confidence as soaring gasoline prices threatened discretionary spending.
- Elena
- 28 Apr, 2006
- New York City
The Indian market recovered in the last half hour of trading, immediately after the news that SEBI had suspended its interim order barring Indiabulls Securities from trading. That happened amidst high volatility, with the Sensex moving up and down during the session. Positive results from Reliance also helped boost the market.
- Elena
- 28 Apr, 2006
- New York City
U.S. stock futures indicated a weak start, following a positive close Thursday after rate concerns eased down on hopes that the Fed Reserve will halt interest rates hikes. The Commerce Department released a report on Q1 GDP which showed 4.8% growth in Gross Domestic Product, slightly below the expected 4.9% increase. Chevron Corp. reported Q1 profit jump by 49% to $4 billion, or$1.80 per share on 31% revenue increase, beating the average estimate.
- Elena
- 28 Apr, 2006
- New York City
Stocks opened in the negative with the major averages posting losses. The Nasdaq sharply dropped as Microsoft weighed on sentiment. Shares of Microsoft dropped 11% after the company reported weaker-than-expected Q3 results and provided disappointing guidance for the Q4. Chevron Corp. reported Q1 profit jump by 49% to $4 billion, or$1.80 per share on 31% revenue increase, beating the average estimate.
- Elena
- 28 Apr, 2006
- Frankfurt
European stock markets traded lower at mid-day, dragged down by weakness in oil companies as crude oil prices further declined, with the Italian Eni and the French Total posting the steepest drop among oil majors.The German DAX 30 slipped 0.8%, the French CAC 40 lost 0.4% and London FTSE 100 fell 0.3%.
- Elena
- 28 Apr, 2006
- New York City
The Nikkei closed down 1.2% to 16,906.23 as investors were concerned about the decline of the U.S. dollar versus the yen. The Kospi finished down 2.3% on government data, reflecting second month in a row of current-account deficit and Hyundai Motors legal problems. Hong Kong
- 123jump.com Staff
- 27 Apr, 2006
- New York City
Market averages traded with the rate sentiment and bounced back in the afternoon trading led by a rise in tech stocks. HMO stocks declined on the earnings news from Aetna and WellPoint. Pulte Homes guided lower second quarter earnings. NCR missed revenue target. Rockwell delivered better than expected earnings. Exxon Mobil reported $8.4 billion earnings. Office Max jumped up 5% on 77 cents earnings vs. 17 cents a year ago. Altera report lower Q1 profit of 18% to 16 cents.
- 123jump.com Staff
- 27 Apr, 2006
- New York City
Market averages bounced back in the afternoon trading led by a rise in tech stocks. HMO stocks declined on the earnings news from Aetna and WellPoint. Pulte Homes guided lower second quarter earnings. NCR missed revenue target. Rockwell delivered better than expected earnings. Exxon Mobil reported $8.4 billion earnings. Office Max jumped up 5% on 77 cents earnings vs. 17 cents a year ago.
- Elena
- 27 Apr, 2006
- Frankfurt
European markets finished down on weaker commodity stocks, mixed earnings reports and deal talk involving companies like Siemens, DaimlerChrysler and GlaxoSmithKline. Major mining companies like Rio Tinto and BHP Billiton sent the resource sector down 3%. The German DAX 30 dropped 0.6%, the French CAC 40 lost 0.7%, and London FTSE 100 declined 0.7%.
- 123jump.com Staff
- 27 Apr, 2006
- New York City
Market averages declined and then rose on the Fed Chairman comments. Market refocused on earnings as Exxon Mobil, OfficeMax, Marathon Oil, Harrahs, NCR and Pulte Homes and Rockwell Automation released earnings. Pulte Homes guided lower second quarter earnings. NCR missed revenue target. Rockwell delivered better than expected earnings. Exxon Mobil reported $8.4 billion earnings. OfficeMax up 5% on 77 cents earnings vs. 17 cents a year ago.
- Elena
- 27 Apr, 2006
- Mumbai
Sensex volatility has increased as market braced for earnings, higher margin requirement and general worries on lofty stock prices. Market has been riding on strong liquidity from domestic and international investors. Reliance Industries earnings rose 9%. Arvind Mills fell close to 4%.