- 123jump.com Staff
- 25 May, 2006
- New York City
Economic data, guilty verdict and large IPO kept investors bidding up stocks. Nasdaq is approaching 1% rise and Dow and S&P 500 are up 0.7%. Mastercard launched its IPO at $39 and raised $2.39 billion. The stock rose $5 in the late afternoon trading. First Quarter GDP was revised to 5.3% from 4.8% after rising 1.7% in the fourth quarter. Ken Lay and Jeff Skilling were found guilty in Enron trial. Gold traded $6 up.
- Elena
- 25 May, 2006
- Frankfurt
European stocks posted solid gains in the afternoon, leading averages to robust close. Strong U.S. markets opening, gains for miners, and well-received corporate news boosted European stocks Thursday. Mining companies Anglo-American and Kazakhmys advanced, Tate & Lyle gained 5.6% after reporting strong quarterly profit growth, and U.K. bank Barclays added 1.2% on positive Q1 results. The German DAX 30 climbed 1.6%, the French CAC 40 surged 2.1%, and London FTSE 100 rose 1.5%.
- Elena
- 25 May, 2006
- New York City
Stocks were positive, supported by corporate news, economic data and market debut for Mastercard. Shares of eBay Inc. rose 7% after Prudential raised its rating on the Internet auctioneer. The company also announced an advertising alliance with Yahoo Inc. which rose 3.6%. Oil and gas producer Stone Energy climbed 20% after Energy Partners offered to acquire the company for about $2 billion.
- Elena
- 25 May, 2006
- Mumbai
Powered by the large-cap stocks, the market saw strong activity in the second half of trading, recovering from lower start of session. At one point in the morning trading the Sensex even hit a low of 10,274 on selling pressure. In the second half of trading investors sought bargains helping the benchmark into hitting a high of 10,720, reclaiming 446 points. Index closed up 93 points.
- Elena
- 25 May, 2006
- New York City
Joy Global reported more-than-doubled quarterly profit, but slipped 16% on disappointing sales and warning that it would not be able to continue the strong profit performance. Coldwater Creek guided 61 cents to 64 cents for the fiscal year. The stock fell nearly 8%. Shares of Petco Animal Supplies dropped 6%.
- Elena
- 25 May, 2006
- New York City
The Commerce Department released its revised report on Q1 GDP, which showed that GDP grew at an annual rate of 5.3% compared to the 4.8% growth previously reported. The increase was primarily due to upward revisions to private inventory investment and exports. The report also showed that consumer prices, excluding food and energy prices, rose 2% in Q1, unchanged from the previous report.
- Elena
- 25 May, 2006
- New York City
U.S. stock futures looked poised to a flat or slightly higher opening, supported by Wal-Mart which gained 2% in pre-market trading after Banc of America Securities raised the stock to a
- Elena
- 25 May, 2006
- New York City
The lower IPO price is a consequence of a volatile market and concerns about its increasing legal problems. Today 61.52 million shares, representing a 46% stake in the company, will begin trading under the symbol MA. The deal values MasterCard, owned by its 1,400 member banks, as an almost $6 billion company.
- Ivaylo
- 25 May, 2006
- New York City
Deaths, connected with the sudden outburst of bird flu in Indonesia ground down market confidence. In afternoon trading, the Nikkei 225 Average dropped 1.5%, led down by financials and export stocks in spite of dollar strength versus the yen. Shares across the region also fell. Australia, Shanghai, South Korea and Singapore declined considerably. Taipei fell slightly. Malaysia slid into the red after modest gains in early session.
- Ivaylo
- 25 May, 2006
- Frankfurt
New York closed up on Wednesday reflecting investors
- Ivaylo
- 25 May, 2006
- Metals
A turnaround occurred from the previous day when gold increased considerably. The recovery didn
- 123jump.com Staff
- 24 May, 2006
- New York City
Market averages closed higher after trading in a volatile patttern during the day. Better-than-expected sales of new home sales in April and larger-than-expected drop in durable goods orders kept investors guessing. New home sales rose 4.9% at a seasonally adjusted annual rate of 1.198 million homes. Invenotry of new homes unsold remained high. Oil fell at close and gold closed 5% lower. On New York Stock Exchange, despite rising indexes decliners led advancers by 9 to 7.
- 123jump.com Staff
- 24 May, 2006
- New York City
Market averages maintained volatile trading path and turned positive as it approached last trading hour. Averages are on the upswing as buyers are taking advantage of steep losses in tech, retail, consumer finance and industrial stocks. Williams-Sonoma reported 22 cents a share profit, Autozone stated $1.89 per share Payless ShoeSource reported 53 cents per share. Borders reported wider than expected loss of 29 cents per share.
- 123jump.com Staff
- 24 May, 2006
- New York City
Market averages responded to home sales and durable goods orders. Better than expected new-home sales and larger than expected drop in April durable goods orders kept investors in a limbo. Market averages maintained a negative bias in the afternoon trading. Payless ShoeSource reported 53 cents per share earnings beating forecast of 40 cents. Retailer Autozone and Williams-Sonoma report lower earnings but Fred''s report higher earnings. IPO of upstart telecom Vonage dropped 15%.
- Elena
- 24 May, 2006
- Frankfurt
European markets closed in the negative, reflecting significant weakness among industrial, mining and airline stocks. Weakening dollar hurt shares of industrial exporters like Siemens and Sweden