- 123jump.com Staff
- 30 Apr, 2007
- New York City
Market averages closed lower as worries of inflation overshadowed earnings. Nasdaq closed lower led by a weakness in tech stocks but managed to close 4.3% up in April, S&P 500 gained 4.5% and Dow jumped 5.7% in the month. The broader market paid attention to lower than expected rise in personal income and speding report released by the Commercce Deaprtment. China raised its reserve requirement for banks to cool the fast growing economy and Indian rupee surged 5% in April against dollar.
- 123jump.com Staff
- 30 Apr, 2007
- New York City
Market averages traded sideways after the morning report of lower than expected grwoth in personal spending and disposal income in March. Humana reported lower but better than expecte earnings in steady increase in medicare plan memberships. Wrigley, gum maker, reported 30% rise in earnings on 27% advance in sales outside the U.S. Hotel operator Hilton reported 29% increase in revenue. ICICI Bank, Indian bank slumped 8% in New York trading on a plan to raise $4.5 billion.
- Elena
- 30 Apr, 2007
- New York City
European stock markets finished in the green on Monday, driven higher by gains in the shares of Cable & Wireless and strength among energy-producing conglomerates and utility companies. Eni rose 0.6% after the Italian oil group agreed to buy Gulf of Mexico fields from Dominion for $4.8 B. The German DAX 30 increased 0.4%, the French CAC-40 advanced 0.5%, and the U.K.''s FTSE 100 rose 0.5%.
- Elena
- 30 Apr, 2007
- New York City
U.S. market averages traded mixed in late morning trading amid economic reports which revealed tame inflation, as well as weak spending, manufacturing and construction data. The Dow hit another record high, boosted by optimism over corporate profits. 3M and Procter & Gamble led gainers, rising 1% and 2%, respectively. In merger-and-acquisition news, International Securities Exchange surged 42% amid reports that it is in talks to be acquired by Deutsche Boerse for $2.8 billion.
- Elena
- 30 Apr, 2007
- New York City
In merger-and-acquisition news, International Securities Exchange surged 41% amid reports that it is in talks to be acquired by Deutsche Boerse for $2.8 billion. In another deal, Dominion Resources agreed to sell its Gulf of Mexico fields to Eni for $4.76 billion.
- Elena
- 30 Apr, 2007
- New York City
Wall Street opened in the negative on Monday, as investors digested data which showed tame inflation and spending growth. Upbeat earnings from Verizon Communication and a share buyback from Merrill Lynch failed to give a strong boost. Verizon quarterly results topped expectations but the stock added only 0.2%. Merrill Lynch inched up 0.2% on plans to buy back up to $6 billion of its own stock under a new share repurchase program.
- Ivaylo
- 30 Apr, 2007
- New York City
The UK benchmark index is steady after an unsettled morning session, with break up talk cementing Cable & Wireless position as the leading large-cap stock, while strong metal prices are helping miners. The leading index had got off to a weak start as dealers focused on US and China growth concerns, but stocks soon surged tracking the C&W rumours in the weekend press. The FTSE 100 was 0.65% higher at 6,460.
- Elena
- 30 Apr, 2007
- New York City
U.S. stock futures moved slightly higher, lifted by upbeat earnings reports and data which showed that core inflation declined. RadioShack posted Q1 earnings rise on lower costs. The electronics retailer said net income jumped to 31 cents per share, up from 6 cents a year earlier, beating estimates of a profit of 14 cents per share. In economic news, personal income rose 0.7% in March, higher that the 0.6% expected by analysts. Core inflation was flat in March.
- Ivaylo
- 30 Apr, 2007
- New York City
Asian markets finished mixed on Monday, with export-oriented economies closing on a weaker note on worries over the U.S. growth outlook, while China struck a new record and Australia settled higher on advances in natural-resource stocks. The markets in Hong Kong and South Korea egded lower. Financial markets in Japan are closed Monday, Thursday and Friday for public holidays.
- Elena
- 30 Apr, 2007
- New York City
Verizon said its operating revenue rose 6.4% to $22.58 billion from $21.23 billion a year ago. Analysts had been expecting a profit of 53 cents a share on revenue of $22.49 billion. The company said its Verizon Wireless operations helped increase the company''s total number of customers by 14.5% to 60.7 million. The stock added 1.2% in pre-market trading.
- Ivaylo
- 30 Apr, 2007
- New York City
The benchmark index opened with a negative bias and plunged in morning deals on fears of equity dilution in ICICI Bank. Later, the Sensex pared losses on strong performance from Reliance Industries, Reliance Communication and IT stocks. A recovery in State Bank of India and HDFC Bank also helped the rebound. Reliance Communicatons led the gainers, while ICICI Bank performed the worst. The government announced that it was considering export of 15 lakh tons of sugar.
- Ivaylo
- 30 Apr, 2007
- New York City
European markets traded in positive territory on Monday morning, as Telecom Italia advanced after a deal was made for a minority stake to be bought by Telefonica. Oil and gas companies saw their shares gain slightly, while ABN Amro was lower on an expectation of a decision from a local court. Stocks in Turkey plunged on political tensions. The U.K. FTSE 100 index rose 0.8%, the German DAX Xetra 30 index increased 0.4% and the French CAC-40 index advanced 0.4%.
- Ivaylo
- 30 Apr, 2007
- New York City
A lower U.S. dollar together with a thwarted terrorist plot in Saudi Arabia boosted the price of crude and metals on Friday. The terrorist plot was aimed at Saudi oil fields, as officials reported that 172 militants have been arrested. Police stated that one terror cell had planned to carry out suicide attacks against public figures, oil facilities and the military. All precious metals advanced, with only platinum bucking the trend, finishing lower.
- 123jump.com Staff
- 27 Apr, 2007
- New York City
Stocks in New York advacned on bettern than expected earnings from Microsoft, Cummins, Waste Management, Chevron and Gehl. Cummins gained 12% and microsoft advanced 3%. Oil rose above $66 on the series of arrests in Saudi Arabia. Euro traded at a record high against dollar on weak economic growth in the U.S. and dragging the European markets lower with it. Markets in Japan and China will be closed for the most of the week.
- 123jump.com Staff
- 27 Apr, 2007
- New York City
Steady stream of positive earnings from large and small companies kept averages moving higher during the day. The first quarter read on GDP indicated the economy is growing at 1.3%. Burger King earnings rose more in Europe, Middle East and Asia. Waste Management earnings rose as it focused on eliminating unprofitable contracts. Gehl, construction and agricultural equipment maker jumped on revised sales and earings outlook.