- Elena
- 02 Jan, 2001
- New York City
World stock markets finished a generally up year, ending on a down note the last trading session of 2005. The Dow Jones closed the year in the negative, down by 0.61%, while S&P 500 rose 3%, and the Nasdaq closed up 1.37%. Markets in Europe and Asia generally ended the year with gains of 15% or more. The Asian standouts were South Korea, up 54%, Japan rising 40.2%, and India higher by 42.3%. The leading European gainers were Russia, up 101.4%, Norway, up 52%, and Germany up 27%.
- Elena
- 02 Jan, 2006
- New York City
Russia cut natural-gas shipments to Ukraine by a quarter after Kiev refused to pay $230 per 1,000 cubic metres which is four times as much compared with the current price of $50. The sharp conflict led to reduced deliveries to other customers in Europe as Russia provides 25% of European gas with the bulk of those shipments flowing through Ukraine. Since the crisis broke out, in the last two days, natural gas price in London trading has jumped 17%.
- 123jump.com Staff
- 30 Dec, 2005
- New York City
For the year large-cap stocks showed little conviction to move higher as reflected in meager gains in S&P and loss in Dow. In the year stock traders paid attention to the rising prices of copper, gold and other precious metals. Advances in crude oil and natural gas also put market on the edge as investors feared the return of inflation. The 38% of the 40% gain in Nikkei was registered in the second half of the year.
- Elena
- 30 Dec, 2005
- New York City
U.S. stocks slipped on the last trading day of 2005. With no S&P 500 companies scheduled to report earnings and no major economic reports due out on Friday, volume was very light. The Dow industrial average threatened to close the year down for the first time since 2002 as investors sold off some of the best performers of 2005, including Apple Computer Inc. For the year, Apple rose 129% on the Nasdaq, while Hewlett-Packard advanced 36% on the Nymex.
- Elena
- 30 Dec, 2005
- New York City
The last trading session of 2005 opened in the negative as investors gave up on the fading fourth-quarter rally and locked in gains made throughout the year. With very little news to drive buying, the Dow Jones industrial average is likely to close 2005 with a loss for the first time since 2002. The other two major averages are expected to finish with modest gains.
- Elena
- 30 Dec, 2005
- New York City
Asian-Pacific benchmarks finished mixed to lower, led by the Nikkei, down 1.4% on profit-taking. For the whole year the Japanese index gained 40.24%. Another loser of the session was Hong Kong''s Hang Seng, down 1.12% with a total gain for the year of 4.5%. India''s BSE advanced 0.7%. European stocks were also weak with the German DAX 30 and the French CAC 40 the biggest losers, down 1.1% and 1.2% respectively.
- 123jump.com Staff
- 29 Dec, 2005
- New York City
With less than a day left hopes of market rally are fading very quickly. Oil jumped above $60 as weekly petroleum report suggested declining oil crude inventory. Jobless claims were unchanged for the previous week. Existing home sales for November month fell below 7 million units for the first time since the month of March 2005. For the year, GM shares have declined 50% draging with it Dow Jones Industrial Average yearly gain to mere 0.02%.
- Elena
- 29 Dec, 2001
- New York City
Thursday morning stocks were flat, trading in a narrow range as investors largely ignored economic data. Initial jobless claims in the week ended Dec 24 rose to 322,000 from 319,000 last week, vs. estimates of a rise of 325,000. In another report, the National Associations of Realtors said that existing home sales fell to a seasonally adjusted annual rate of 6.97 million units in Nov from a 7.09 million unit rate in Oct, slightly below estimates.
- Elena
- 29 Dec, 2001
- New York City
Stocks edged up at the start of Thursday trading, but the major averages came off intraday highs with little news to boost their way up. Traders largely ignored initial jobless claims data. The Labor Department said initial jobless claims in the week ended Dec 24 rose to 322,000 from 319,000 last week, vs. estimates of a rise of 325,000. Weekly petroleum report is also expected with energy prices down, making effort to rally the market.
- Elena
- 29 Dec, 2005
- New York City
Asian-Pacific benchmarks rallied Thursday with the Nikkei in the lead, rising 0.9% to a new multi-year high of 16,344.20 on expectations of strong corporate profit and economic growth. European markets slightly advanced at mid-day, suppported by miners and insurers with each average rising 0.3%. InterDigital Communications said that a federal judge confirmed an award against mobile phone making giant Nokia Corp. for between $232 million and $252 million.
- 123jump.com Staff
- 28 Dec, 2005
- New York City
Rising consumer sentiment and steady retail sales growth for holiday sales brough traders back to the market. Oil market was on the edge as Iran called for deeper cuts in OPEC production targets. Flat bond yield curve dominated trader-talk in the bond and stock marekts trading. General Motors stock dropped 2% totaling a loss of 50% for the year. Whole Foods stock is added to S&P 500 index.
- Elena
- 28 Dec, 2005
- New York City
Stocks rose in early trading hours as Consumer Confidence Index for December notably improved to 103.6 from 98.3 in November and Treasury yield curve flattened, following yesterday''''s inversion. However, early gains were offset by rising crude oil prices as Iran called OPEC to consider lowering its output by 1 million barrels a day at the meeting on Jan.31st.
- Elena
- 28 Dec, 2005
- New York City
U.S. stocks opened higher ahead of data and as the Treasury yield curve flattened. The Conference Board said that Consumer Confidence Index rose to 103.6 in December from a downwardly revised 98.3 in November, below expectations of 105.0. In earnings news, CBRL Group posted higher same-store restaurant sales for December and projected Q2 earnings between 56 and 61 cents a share. Cal-Maine Foods reported a narrower Q2 loss of 3 cents a share on sales growth.
- Elena
- 28 Dec, 2005
- New York City
Asian-Pacific markets closed mixed with the Nikkei rising sharply to hit a five-year high of 1.4% at 16,194.61 on expectations exporter issues will gain on stronger dollar. European stocks traded mostly lower at mid-day, despite positive German consumer confidence data with he French CAC being the biggest loser, down 0.2%. The Conference Board is expected to report that the index of consumer confidence rose to 101.8 in December from 98.9 in November.
- 123jump.com Staff
- 27 Dec, 2005
- New York City
The difference in yield between short and long term yield shrank close to zero sparking a debate on probability of recession in the coming quarters. Retail stocks failed to rally on the news of stronger holiday sales than a year ago. Natural gas price fell 10% in the session and has dropped close to 25% in less than ten trading days.