- 123jump.com Staff
- 18 Apr, 2006
- New York City
Markets opened up and scaled higher despite strong rise in oil and metal prices. Dow up 1.4%, Nasdaq up 1.5% and S&P up 1.3% as market appraoches last hour of trading. 29 of the 30 Dow stocks are up and 25 of the 30 stocks are up more than 1%. Honeywell, International Paper, Alcoa and Caterpillar are up more than 3%.
- Elena
- 18 Apr, 2006
- Frankfurt
European averages ended mixed, reflecting surging commodities prices and disappointing first-quarter earnings report from Philips Electronics. Oil producers were the leading gainers in Europe. Total, BP, and Royal Dutch Shell each advanced more than 1%. The German DAX 30 dropped 0.3%, the French CAC 40 edged down 0.1%, while London FTSE 100 climbed 0.2%.
- Elena
- 18 Apr, 2006
- New York City
Stocks traded higher on strong corporate earnings and economic data. Rising oil prices failed to hurt the upward momentum and boosted major oil companies like Exxon Mobil, up 1.3% and Valero Energy Corp. which gained 2.1%. Shares of IBM Corp. added 1.4% ahead of the company''s announcement of its quarterly results.
- Elena
- 18 Apr, 2006
- New York City
Stocks traded higher on strong corporate earnings and economic data which showed that U.S. producer prices climbed 0.5% in March, but core-PPI, excluding food and energy, only rose 0.1%. D.R. Horton reported that Q2 net income advanced 20% on 25% revenue growth. UnitedHealth Group posted Q1 income rise of 21% on 54% higher revenue, missing analyst estimate by a penny. Johnson & Johnson posted Q1 profit rise of 16%, helped byhigher sales of medical devices and a break-up fee.
- Elena
- 18 Apr, 2006
- New York City
Stocks opened in the positive, lifted by strong corporate earnings and economic data which showed that U.S. producer prices climbed 0.5% in March, hurt by rising energy prices, but core-PPI, excluding food and energy, only rose 0.1%. D.R. Horton, homebuilder, reported that Q2 net income advanced 20% on 25% revenue growth. UnitedHealth Group reported that Q1 net income went up 21% to 63 cents a share on 54% higher revenue, missing analyst estimate by a penny.
- Elena
- 18 Apr, 2006
- New York City
Merrill Lynch & Co. reported sharply lower Q1 earnings due to a hefty charge for the expenses for stock-based compensation. The company posted 44 cents per share vs. $1.22 a share last year, still beating analyst expectations. D.R. Horton, homebuilder, reported that Q2 net income advanced 20% on 25% revenue growth.
- Elena
- 18 Apr, 2006
- Mumbai
Sensex in India scaled more than 2% advance for the second day in a row after the Reserve Bank of India left the interest rates unchanged. Prime Minister indicated that annual GDP growth of 10% is a realistic target. Strong earnings from software giant TCS propelled IT stocks. Banking and cement stocks rose for the second day in a row.
- Elena
- 18 Apr, 2006
- Frankfurt
European stocks traded mixed at mid-day after the long holiday weekend. Stocks were dragged by surging commodities prices and disappointing earnings from Philips Electronics. The German DAX 30 dropped 0.6%, the French CAC 40 edged down 0.2%, while London FTSE 100 climbed 0.4%, supported by gains in oil and mining companies.
- Elena
- 18 Apr, 2006
- New York City
Asian markets closed higher with the Nikkei in the lead. The Japanese index was boosted by strength in financial, brokerage and commodities-related stocks. Australia All Ordinaries rose 1.3% helped by mining stocks like BHP Billioton. Hong Kong Hang Seng climbed 0.9% with China Mobile rising 3.4% and Synopec surging 4.3%.
- 123jump.com Staff
- 17 Apr, 2006
- Metals
Market averages closed lower as earnings from banks dominted the calendar. Oil above $70 and gold, silver and copper at a new high took a bite out of the market mild climb in the morning. Wachovia, Citigroup and SunTrust reported earnings that met expectations. Gardner Denver raised earnings outlook. Goldman to underwrite $2.45 billion MasterCard IPO. India, Russia and Mexico lead rise in emerging markets.
- 123jump.com Staff
- 17 Apr, 2006
- New York City
Markets in emerging markets rose on strong advances in India, Russia, Taiwan and Mexcio. Taiwan Index crossed for the first time 7,000 mark. Infosys and local cement companies earnings supporte gains in Indian market. Brazil advanced on gains in iron ore and metal price rise. Copper price rise supported stocks in Mexico.Shanghai continued to rise ahead of Chinese President visit.
- 123jump.com Staff
- 17 Apr, 2006
- Metals
In the early afternoon market averages are trading at their lowest level for the day. Oil climbs above $70 and gold is up $15. Three major averages are down close to 0.5% and Nasdaq down 1%. Transportation companies report better than expected earnings but large bank report weak earnings gain. Ailine stocks are down on higher cost of oil.
- Elena
- 17 Apr, 2006
- New York City
Stocks traded little echanged as surging oil prices limited gains. Citigroup, the largest U.S. bank reported Q1 profit rise of 4% on revenue growth from foreign operations. Elsewhere in the bank sector, Wachovia said that its Q1 net income advanced 7% to $1.09 a share, but missed estimates of $1.12 a share. Charles Schwab Corp. posted 68% jump in Q1 income on record revenue. Knight Ridder reported Q1 profit decrease of 42 cents a share from 79 cents last year, despite revenue increase.
- Elena
- 17 Apr, 2006
- Mumbai
Sensex recovered the loss of the prior week on strong earnings from Infosys and Gujarat Ambuja and HDFC Bank. The Reserve Bank of India is likely to hike interest rate in tomorrow policy announcement. Metals, tech and banking sectors rallied on a lower than average daily turnover.
- Elena
- 17 Apr, 2006
- New York City
Stocks opened above the flat line, supported by strong earnings report from Citigroup. The largest U.S. bank reported Q1 profit rise of 4% on revenue growth from foreign operations. Elsewhere in the bank sector, Wachovia said that its Q1 net income advanced 7% to $1.09 a share, but missed estimates of $1.12 a share. Charles Schwab Corp. posted 68% jump in Q1 income on record revenue. Knight Ridder reported Q1 profit decrease of 42 cents a share from 79 cents last year, despite revenue increase.