- Elena
- 06 Apr, 2006
- New York City
The world''s largest retailer Wal-Mart, reported 1.4% same-store sales rise in March, slightly above the 1.3% growth predicted by the company, but still the smallest increase in sales since April of 2005. Teen apparel retailers came under pressure, dragged by Abercrombie & Fitch, Pacific Sunwear and Hot Topic which posted flat to lower March same-store sales.
- Elena
- 06 Apr, 2006
- Frankfurt
European shares traded mixed ahead of key interest-rate decisions at the Central European Bank and the Bank of England. Gains in the energy and tech sector helped offset losses in auto stocks. The German DAX 30 edged down 0.3%, the French CAC 40 fell 0.2%, and London FTSE 100 added 0.1%.
- Elena
- 06 Apr, 2006
- New York City
Asian benchmarks finished in the positive, led by gains in Hong Kong and Tokyo where high-tech stocks sharply rose. The Nikkei rose 1.4% to 17,489.33, lifted by semiconductors which gained on news that Toshiba and U.S. firm ScanDisk will buid a factory to produce NAND-type flash memory chips. Hong Kong
- 123jump.com Staff
- 05 Apr, 2006
- New York City
Nasdaq and S&P rose to a five-year high after a positive report on service sector of the economy indicated falling prices for the services. The gain in oil prices muted the rise in indexes on weekly petroleum report. The weekly petroleum report showed a rising crude oil inventory. Apple surged close to 10% on the release of software to run Windows on Intel based Mac machines. Flash memory makers rose 10% on revised revenue guidance from M-Systems.
- 123jump.com Staff
- 05 Apr, 2006
- New York City
Emerging markets around the world surged on higher metal and oil prices, strong liquidity and better economic growth prospects. Higher gold and silver prices led metal stocks surging for the year in Russia and Brazil and that trend continued today. Thailand surged on the news that Prime Minister Thaksin will not return to the power. Mexican and Brazilian stocks staged a late rally to recover earlier losses in the day.
- 123jump.com Staff
- 05 Apr, 2006
- New York City
Market averages retain positive bias in the late afternoon trading. Tech stocks are firmer on the back of rise in Apple, Google and Sandisk. Apple released software to help Mac users run Windows. Benihana, up 10%, operator of Japanese restaurant reported same-store sale growth of 10%. P.F. Changs, Chinese restaurant chain, reported same-store sales growth of 1.3% and the stock lost 8%. European markets close higher.
- Elena
- 05 Apr, 2006
- Frankfurt
European stocks recovered from early weakness to finish in the positive, lifted by gains for DaimlerChrysler and Lagardere on the sale of their stakes in EADS. The companies, which both helped create EADS, decided to sell by 7.5% of their holdings in the aerospace concern. The German DAX 30 gained 0.3%, the French CAC 40 rose 0.3%, and London FTSE 100 climbed 0.6%.
- Elena
- 05 Apr, 2006
- New York City
After the early rise, stocks gave back some ground with investors worried about interest rate hikes. An icrease in the price of oil also contributed to the market weakness. Crude oil rose to $66.65 after the Energy Dept. showed a steeper-than-expected decline in gasoline inventories.Tech stocks were strong with shares of Apple rising 7% on the introduction of new software that enables Intel-based Macs to run Windows XP.
- Elena
- 05 Apr, 2006
- New York City
Stock markets extended early gains, lifted by tech and metals stocks. The Nasdaq showed considerable strength, helped by computer hardware stocks with Apple rising 6% on the introduction of new software that enables Intel-based Macs to run Windows XP. Seed company Monsanto reported Q2 income rise of $1.60 per share on sales growth, beating expectations of $1.52 a share.
- Elena
- 05 Apr, 2006
- New York City
Stocks opened modestly higher, although trading was light ahead of the release of a report on business activity in the services sector. The Nasdaq showed considerable strength, helped by computer hardware stocks with Apple rising 6% on the introduction of new software that enables Intel-based Macs to run Windows XP. In earnings news, seed company Monsanto reported Q2 income rise of $1.60 per share on sales growth, beating expectations of $1.52 a share.
- Elena
- 05 Apr, 2006
- New York City
Stock index futures pointed to a flat opening as investors seemed worried about interest-rate hikes and inclined to lock in recent gains. In earnings news, seed company Monsanto reported Q2 income rise of $1.60 per share on sales growth, beating expectations of $1.52 a share. Acuity Brands, lighting equipment producer, reported it swung to profit in Q2, posting profit of 32 cents a share, up from a net loss of 20 cents last year.
- Elena
- 05 Apr, 2006
- Mumbai
Sensex in India closed up 109 points or 0.94% to 11,747, a new record. Sensex in India is now trading at a Price to Earnings multiple of 21 for 2007 earnings. Market is adjusting to higher economic growth expectations, easier credit rules for private banks and better earnings from local infrastructure and cement companies.
- Elena
- 05 Apr, 2006
- Frankfurt
European averages traded near the flat line at mid-day as investors turned to profit taking. With no catalysts to drive the market, stocks erased earlier gains made on the back of strong U.S. markets close. The biggest decliner was EADS which fell 3.9% after DaimlerChrysler and Lagardere decided to cut their stakes in the concern.
- Elena
- 05 Apr, 2006
- New York City
Asian-Pacific benchmarks closed in the positive, with the Nikkei being a sole decliner. The Japanese index reversed from early gains to finish down 0.3% at 17,243.98 as investors locked in profits. Thailand shares rallied 3.05% after the country''s Prime Minister announced he will hand in his resignation, following antigovernment protests. China Shanghai and Australia All Ordinaries climbed 0.8% each.
- 123jump.com Staff
- 04 Apr, 2006
- New York City
Market averages are in the decline after rising in the morning. Falling oil in the morning contributed to the rise in averages. Google rose 3.5%. Apple Computer lost 2% on broker downgrade. Brokerage and construction equipment stocks rose for the second day in a row. Las Vegas Sands jumped up 5% and Lehman Bros and Bear Stearns up 3% at close.