- Elena
- 19 Jan, 2006
- New York City
U.S. socks advanced at opening on better-than-expected earnings reports from companies like AMD, Pfizer, Merrill Lynch which eased investor concerns. The tech sector led the gainers, while the housing sector sharply fell on an 8.9% drop in housing starts for Dec, the biggest decline in 9 months. Jobless claims dropped by 36,000 last week. Oil and gasoline inventories rose last week by 2.7 million barrels and 2.8 billion barrels respectively.
- Elena
- 17 Jan, 2006
- New York City
U.S. stocks sharply dropped at opening on surging oil prices over $65 a barrel, weakness in the Japanese Nikkei which tumbled 2.8% and disappointing bank earnings. National City Corp posted Q4 earnings drop of 64 cents a share, missing estimates. In economic news, the Federal Reserve reported that December industrial output rose 0.6%, following an upwardly revision of 0.8% in November, exceeding expectations of a 0.5% increase.
- Elena
- 17 Jan, 2006
- New York City
Asian-Pacific benchmarks posted heavy losses Tuesday as the Japanese authorites started a probe of Internet portal Livedoor. The Nikkei tumbled 2.8%, followed by South Korean Kospi, down 2.3%. Only Shanghai Composite gained 0.5%. European stocks were also weak, hurt by rising oil and corporate news. The German DAX 30 dropped 1.1%. Texas Regional Bancshares posted Q4 earnings rise of 46 cents a share, exceeding estimates of 44 cents.
- Elena
- 16 Jan, 2006
- Frankfurt
Asian-Pacific markets closed mixed on weak dollar and tech stocks. The biggest decliner was Shanghai Composite, down 1.5%, followed by the Nikkei, down 1.14% to 16,268.03. Markets in South Korea and Taiwan advanced. European averages closed in the positive, supported by oil stocks and mergers and acqusitions. The leading advancer was the German DAX 30, up 0.6%.
- Elena
- 13 Jan, 2006
- New York City
A sequence of profit-taking sessions, disappointing December retails sales and lowered outlooks from Lucent and Tyco kept averages flat Friday. Better-than-expected wholesale inflation data provided some support. Commodities, energy, health care stocks posted solid gains. Guidant accepted an increased $24.2 B buyout offer from J & J, declining a larger bid of nearly $25 B from Boston Scientific. After the long holiday weekend Intel, IBM and Yahoo will report quarterly results.
- Elena
- 13 Jan, 2001
- New York City
Stocks opened higher on a report showing a tamer PPI which signaled for mild inflation. Producer prices rose 0.9% in Dec, rebounding from a 0.7% drop in Nov, well above economist expectations of an increase of 0.4%. Another report showed that retail sales rose 0.7% in Dec following an upwardly revised 0.8% growth in Nov, slightly below expectations of a 0.8% increase, compared to the 0.3% increase originally reported for Nov.
- Elena
- 13 Jan, 2006
- New York City
Tyco lowered its Q1 outlook for earnings from continuing operations. The diversified industrial conglomerate expects to earn about 38 cents a share for the period, down from a projected range of 40 cents to 42 cents a share. It also cut its 2006 earnings projection.
- 123jump.com Staff
- 12 Jan, 2006
- New York City
Novemeber trade deficit at $64 billion, lower than expected but 8% higher than a year ago was ignored by the market. Dollar declined in New York trading. Market averages consolidated for the first time in the year 2006. General Motors declined 4.1%. Oil traded briefly above $65 and natural gas fell. Tokyo index closed at record high. European markets closed near unchanged mark.
- Elena
- 12 Jan, 2006
- New York City
U.S. stocks traded lower Thursday morning on rising oil and downgrades of Dow components Coca-Cola and J.P. Morgan Chase. Investors preferred consolidating recent gains to taking advantage of the upbeat economic news released. Trade deficit in November declined by 5.7% to $64.2B after hitting a record of $68.1B in October. Economists had expected a narrower deficit of $66 B. The number of initial jobless claims rose by 17,000 last week to 309,000 vs. expectations of an increase by 24,000.
- Elena
- 12 Jan, 2006
- New York City
Stocks opened lower on rising oil and downgrades of Dow components Coca-Cola and J.P. Morgan Chase. Investors preferred consolidating recent gains to taking advantage of the upbeat economic news released. Trade deficit in November declined by 5.7% to $64.2B after hitting a record of $68.1B in October. Economists had expected a narrower deficit of $66 B. The number of initial jobless claims rose by 17,000 last week to 309,000 vs. expectations of an increase by 24,000.
- Elena
- 12 Jan, 2006
- New York City
The Commerce Dept. reported improved trade deficit in November declining by 5.7% to $64.2B after hitting a record of $68.1B in October. Economists had expected a narrower deficit of $66 B. The Labor Dept. said that the number of initial jobless claims rose by 17,000 last week to 309,000 vs. expectations of an increase by 24,000. Guidant said it reached a new deal to be acquired by J & J which bid up $23.2 B. The increased value is still below Boston Scientific''s offer of $25 B.
- 123jump.com Staff
- 11 Jan, 2006
- New York City
Tech stocks led broader averages rise during the day. Computer hardware, semis and large cap tech stocks led rally. Oil gyrated after the weekly energy report. financial services and brokerage stock rallied for the second day in a row. Gold rose in projections of $600 price before the year end. Casino stocks were intense focus of speculation as estimates on Macau related gambling were revised.
- Elena
- 11 Jan, 2006
- New York City
Lowered fourth-quarter profit guidance from DuPont and BP PLC sent stocks below the unchanged mark. However, brokerage upgrades on Apple Computer and Hewlett-Packard provided support. Banc of America Securities and UBS raised their price target on the stock. Apple climbed 3.4% extending a multi-year high, boosted by its decision to use Intel''s microprocessors. Boeing signed its largest satellite contract in nine years with the deal worth between $550 M and $1 B.
- Elena
- 11 Jan, 2006
- New York City
U.S. stocks opened below the flat line on lowered Q4 profit guidance from DuPont and BP PLC. However, brokerage upgrades on Apple Computer and Hewlett-Packard provided support. Banc of America Securities raised its Apple price target to $87 from $78 and UBS raised its price target on the stock to $100 from $86. Apple climbed 3.4% extending gains on new products announcements and positive revenue. The stock hit a new multi-year high.
- Elena
- 11 Jan, 2006
- New York City
Asian-Pacific markets closed mostly strong on upbeat economic data from China with the Nikkei in the lead, rising 1.5% to 16.363.59. Among the losers, China Shanghai Composite dropped 0.8% and South Korean Kospi dropped 0.2%. European shares advanced at mid-day supported by merger-and-acquisition activity, led by the DAX 30, up 0.6%.