- 123jump.com Staff
- 07 Oct, 2005
- New York City
Friday's job report left market in a state of wanting more data on employment situation. Retailers, miners, energy and utilities stocks charged ahead for the day. Research in Motion stock faces turbulence on losing Court of Appeals motion. For the week the Dow down 2.6%, the S&P down 2.7% and the Nasdaq down 2.9%. Alcoa, Genentech an Infosys to report on Monday.
- Elena
- 07 Oct, 2005
- New York City
Alcoa Inc., the world's biggest aluminum maker, will start the new earnings season on Monday after closing the bell. The company lowered its Q3 earnings forecast to the range of 27 to 31 cents a share, blaming hurricanes and energy costs. The stock fell 23% Thursday. Nonfarm payroll data release showed that 35,000 jobs were lost in September following an upwardly revised increase of 211,000 in August.
- Elena
- 07 Oct, 2005
- New York City
Nonfarm payroll data release showed that 35,000 jobs were lost in September following an upwardly revised increase of 211,000 in August. Wholesale inventories in August were $354.5 billion, up 0.5% from July and up 7.7% from a year ago. Sales were $302.5 billion, up 1.3% from July and up 7.6% from August 2004.
- Elena
- 07 Oct, 2005
- New York City
Asian markets closed down on weak U.S. markets and expectations of nonfarm payroll data. The Nikkei was the biggest decliner, down 1%. European stocks slightly declined at mid-day after two straight sessions of heavy losses, with the German DAX falling by 0.5%. Nonfarm payroll report is expected. Economists forecast that 143,000 jobs were lost in September.
- 123jump.com Staff
- 06 Oct, 2001
- New York City
Dallas Fed president's speech led market to believe that interest rates may be rising in bigger increment than the current measured pace. Same-store sales from sixty retailers indicated that holiday sales may be a cause of concern. Initial claims of unemployment rose for the previous week.
- Elena
- 06 Oct, 2005
- New York City
In a day of retail companies same-store sales reports, a few stand out with heavy gains. Target posted 5.6% same-store sales increase in September, meeting its projections. Wal-Mart posted September comparable sales rise of 3.8, followed by BJ's Wholesale, also reporting same-store sales increase of 3.8%. Costco posted 20% net income rise for the fourth quarter with earnings of 73 cents a share on higher revenue, beating expectations.
- 123jump.com Staff
- 05 Oct, 2005
- New York City
Down down 1.2%, S&P down 1.5% and Nasdaq down 1.7%. Inflation scare, lack of progress in the restart of energy production in the Gulf of Mexico and survey indicating slowing service sector of the economy caused a steep decline for the second day in a row. Mortgage application and energy inventories declined in the previous week. All sectors suffered decline in the market.
- Elena
- 05 Oct, 2005
- New York City
Crude-oil inventories dropped by 300,000 barrels last week after a decline of 2.4 million barrels in the previous week. Gasoline inventories posted a decline of 4.3 million barrels vs. last-week
- Elena
- 05 Oct, 2005
- New York City
The Mortgage Bankers Association revealed that its market composite index of mortgage loan application volume decreased by a seasonally-adjusted 1.1% for the week ended September 30, dropping to 713.5 from 721.2 in the previous week. Yum Brands, fast food restaurants operator, posted Q3 earnings rise of 72 cents a share vs. 61 cents a year ago on higher revenue, beating estimates. The company raised its full-year profit outlook to $2.64 a share.
- Elena
- 05 Oct, 2005
- New York City
Asian-Pacific markets closed down on speculations of interest-rate increases with the Nikkei down 0.4%, South Korea falling 1.2%, and Hong Kong down 1.4%. European markets also traded lower at mid-day on U.S. market losses. Yum Brands, fast food restaurants operator, posted Q3 earnings rise of 72 cents a share vs. 61 cents a year ago on higher revenue, beating estimates. The company raised its full-year profit outlook to $2.64 a share.
- 123jump.com Staff
- 04 Oct, 2005
- New York City
Profit warnings, downgrades, inflation scare, natural gas merger and tech deal between Google and Sun, all fed energy into last hour of trading. In an otherwise directionless trading in the morning succumbed to one negative news after another. Procter & Gamble was downgraded by Citigroup, Clorox narrowed earnings guidance and BP lowered earnings forecast by $700 million. Chesapeake Energy to buy Columbia Natural Resources for $2.2 billion and debt.
- Elena
- 04 Oct, 2005
- New York City
Procter & Gamble fell 1.7% after Citigroup downgraded the company to hold from buy, worried over raw materials pricing. Clorox narrowed its Q2 and full-year earnings guidance on high energy costs, considering price increases to compensate the costs. BP warned it won't meet 2005 production targets and expects a profit decline of $700 million.
- Elena
- 04 Oct, 2005
- New York City
The U.S. Census Bureau reported that new orders for manufactured goods in August increased $9.7 billion or 2.5% to $395.2 billion, following a 2.5% decrease in July. The computer hardware sector is the biggest loser because of Lexmark's lowered Q3 earnings outlook. The upgrade by Goldman Sachs to Attractive from Neutral, did not help the sector. Chesapeake Energy has agreed to buy Columbia Natural Resources for $2.2 billion in cash and $75 million in debt.
- Elena
- 04 Oct, 2005
- New York City
Asian-Pacific markets closed mostly up on exporter issues, boosted by stronger dollar. The Nikkei reached a new four-year high, rising 1.6% to 13738.84 points on strong semiconductor sales. European stocks gain on automotive shares, but oil-heavy U.K.'s FTSE declines 0.2%. Chesapeake Energy has agreed to buy Columbia Natural Resources for $2.2 billion in cash and $75 million in debt.
- 123jump.com Staff
- 03 Oct, 2005
- New York City
Widening manufacturing sector, rising construction spending and rising commodities prices all point to higher inflation in the future. After three months of lull housing construction picked up. Stocks of home builders, oil refiners, natural gas and coal companies rose. Southwestern Energy jumped 12%. Mortgage lenders declined. Countrywide Financial suffered 2.4% loss.