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  • Elena
  • 04 Oct, 2006
  • New York City

European markets closed notably higher. The upward move was brought by a strong rally in Vodafone shares and higher banking stocks which together with seven-month low crude oil prices counteracted a profit warning and losses for EADS. London FTSE 100 climbed 0.5%, the German DAX 30 rose 0.9%, and the French CAC 40 advanced 0.7%.

  • Elena
  • 04 Oct, 2006
  • New York City

The Dow hit an all-time intraday high, as stocks recovered Wednesday after a weaker-than-expected data on business activity helped ease concerns about inflation and interest-rate hikes. The ISM''s services sector index slipped to a weaker-than-expected 52.9 in September from 57.0 in August.

  • Elena
  • 04 Oct, 2006
  • New York City

Weak Asian stocks, together with worries over possible sales by hedge funds pushed the market lower today. All sectors ended in negative territory.The Sensex recovered from early steep fall to dip again in late trading. IT and bank stocks fell on profit-taking. TCS and HDFC Bank led the decliners.

  • Elena
  • 04 Oct, 2006
  • New York City

Wal-Mart dropped 2.2% after the retailer cut its September same-store sales forecast to 1.3% from its previous estimate of 1.8%. TiVo slipped 9% after an appeals court allowed EchoStar Communications to continue selling its competing digital-video recorder models pending appeal of the companies'' patent dispute over the technology. As a result, Bear Stearns cut its rating on TiVo to underperform.

  • Elena
  • 04 Oct, 2006
  • New York City

Ford Motors Corp. was downgraded to peer perform from outperform, with the broker saying that most of the near-term catalysts for the shares have unfolded. At the same time, Bear Stearns upgraded General Motors to peer perform from underperform, citing continuous beliefs of a potential alliance with Renault and Nissan.

  • Ivaylo
  • 04 Oct, 2006
  • New York City

Asian stocks largely declined on Wednesday after North Korea stated it would test a nuclear bomb and commodities stocks such as BHP Billiton and Mitsubishi Corp. were hit by a fall in oil and metals prices. The influence of North Korea nuclear news is likely to be limited as there will be some short-term risks, but it is unlikely to reverse the stock market trend. Hong Kong bucked the downtrend and advanced.

  • Ivaylo
  • 04 Oct, 2006
  • New York City

Most European stock markets advanced in early trading on Wednesday after an overnight plunge in oil and gold prices sent the Dow industrials to a record high, but another profit warning from Airbus owner EADS and a decline from oil giant BP limited gains. The FTSE 100 in London gained 0.1%, Frankfurt Xetra Dax added 0.3% and in Paris, the CAC 40 was 0.2% higher.

  • Ivaylo
  • 04 Oct, 2006
  • New York City

The drop of crude oil below the $60 a barrel mark weighed heavily on precious metals trading. Crude oil futures touched a seven-month low of $58.75 after Colorado State University cut its hurricane forecast because of quickly-developing El Nino conditions. The most-active December gold ended near its lowest level since Sept. 15. Platinum, palladium and copper also dropped.

  • Elena
  • 04 Oct, 2006
  • New York City

U.S. stock market futures turned lower, reversing from solid gains Tuesday when the Dow rose to an all-time record of 11,727,34. On Wednesday, the negative market sentiment was generated by lowered sales outlook at blue chip retailer Wal-Mart Stores which cut its September U.S. same-store sales growth estimate to 1.3% from its previous estimate of 1.8%.

  • Ivaylo
  • 04 Oct, 2006
  • New York City

London benchmark index remained higher this afternoon, but futures pointing to losses on Wall Street later, weak UK power stocks and a gloomy mining sector have lowered the FTSE 100 from earlier highs. Northgate Information Solutions topped the list of mid-cap advancers as it confirmed takeover approaches. The FTSE 100 was up 15.80 points, or 0.27% at 5,952.90 at 2:13 pm also supported by a continued fall in the oil price.

  • 123jump.com Staff
  • 03 Oct, 2001
  • New York City

Steep decline in oil and gold prices helped broader averages to rise. The expectations on better retail sales, due to be released tomorrow, also helped the Dow and Nasdaq. Oil fell 3.85% and gold dropped $21. Oil closed at seven-month low and gold at three-month low. General Motors Corp. Tuesday reported a 3.1% decline in September sales and lowered North American production targets again. Ford, U.S. sales rose 4.7% last month on strong. Dow closes at a record high after six years.

  • Elena
  • 03 Oct, 2006
  • New York City

European markets finished in the red, pressured by oil-producing companies, as crude oil prices dropped to a ten-moth low below $59 a barrel. Sales warning from chipmaker Marvell Technology further weighed on sentiment. Infineon Technologies declined by 0.6% helping the German DAX 30 close down 0.1%. The French CAC 40 dropped 0.5%, hurt by losses for chipmaker STMicroelectronics. London FTSE 100 fell 0.4%.

  • Elena
  • 03 Oct, 2006
  • New York City

The U.S. stock markets rebounded from earlier weakness as a continued decrease by the oil price generated some positive sentiment. Crude oil futures dropped by another $2 to $59 a barrel, giving a boost to oil-sensitive airline stocks and retailer companies, too. At the same time oil giants like Exxon Mobil Corp. and Chevron Corp. dropped sharply.

  • Elena
  • 03 Oct, 2006
  • New York City

The benchmark index opened the week on a negative note, retracting weak global markets. Other than auto and metal shares the other stocks on BSE closed in red. Profit taking was witnessed in pharma, technology, capital goods, consumer durables and oil stocks. NTPC, Bajaj Auto and Reliance Energy led the advancers while HDFC and Hindustan Lever led the decliners. The Tata Group formed an alliance with Australian Woolworths to start a retail chain for consumer durables.

  • Elena
  • 03 Oct, 2006
  • New York City

Stock markets opened in the negative for a third session in a row on growing concerns about the state of domestic economy. Technology stocks seemed likely to come under pressure again in part because of a profit warning from Marvell Technology Group Ltd. The company opened 15% down after saying that Q3 revenue will fall about 10% from Q2 levels. Marvell also said it would have to restate past results because of stock-option accounting errors.