- Elena
- 05 Jan, 2006
- New York City
Asian-Pacific benchmarks continued to rally on tech and exporter issues, led by Taiwan''s Weighted index, up 1.4% and Singapore Straits Times, up 0.99%. The Nikkei advanced 0.4% to 16,425.37. European averages traded in a tight range with the French CAC 40 and London''s FTSE 100 lifted by strong oil stocks. The Labor Department reported that initial jobless claims dropped by 35,000 to 291,000, the smallest number since Sept. 23, 2000.
- 123jump.com Staff
- 04 Jan, 2006
- New York City
Market averages, even though closed and traded higher during the day, lacked direction. Market looked for direction from the report on factory orders and auto retail sales for the December month. Factory orders rose 2.5% but the domestic automakers lost market share during the month and for the year 2005. Crude oil rose but natural gas tested four-month low.
- Elena
- 04 Jan, 2006
- New York City
Stocks opened flat on lower oil and signals that the Fed Reserve will stop raising interest rates, but later advanced on a brokerage upgrades of Google and ExxonMobil with the Nasdaq rising over 0.9%. In economic news, November factory orders rose 2.5%, following a downwardly revised increase of 1.7% in October, slightly above estimates of a 2.2% increase.
- Elena
- 04 Jan, 2006
- New York City
Stocks opened at the flat line, following the strong rally Tuesday which resulted from the latest FOMC meeting and the indications that the Fed Reserve will stop raising interest rate. Google was upgraded at Bear Stearns to outperform from peer on confidence in the Internet search company''s long-term fundamentals. Copper hit a fresh peak, supported by a strike in Chile with March delivery at $2.11.
- Elena
- 04 Jan, 2006
- New York City
Asian-Pacific benchmarks closed sharply higher on export and tech shares with the Nikkei reaching a new five-year high of 1.6% to 16,361.54. Jakarta Composite surged to 2.3%, followed by Hong Kong''s Hang Seng and Shanghai Composite, each up 1.7%. European stocks were also strong at mid-day on lower oil and speculations rate-hike cycle is close to an end. Chemicals company Monsanto swung to 22 cents profit in Q1 from a loss of 15 cents a share a year ago, beating estimates of 19 cents.
- 123jump.com Staff
- 03 Jan, 2006
- New York City
Less than robust construction spending and weaker than expected read on manufacturing put pressure on the averages in the early trading. Market reversed its direction and climbed more than 1% on Dow and close to 2% on Nasdaq near close. General Motors dropped to a new low. Oil jumped 3% on speculative buying. Gold jumped $13 per ounce. Affiliated Computer is reported to be in a deal to go private at $8 billion.
- Elena
- 03 Jan, 2006
- New York City
Stocks erased early gains to turn mixed at mid-day on disappointing economic data and oil prices above $63 a barrel. The ISM manufacturing index fell to 54.2 in Dec, less than the 57.5 reading expected by economists and off from a reading of 58.1 in Nov. The Commerce Department reported that construction spending rose 0.2% in Nov, far less than 0.7% gain expected. Bonds moved higher, with the yield on the 10-year Treasury note falling to 4.37% from 4.40%.
- Elena
- 03 Jan, 2006
- New York City
Piper Jaffray and J.P.Morgan showed improved views of Google and Dow component Johnson & Johnson. Treasury yields rose with the 10-year yield up to 4.413%, moving above its range of the past couple days. The ISM''s manufacturing index fell to 54.2 in Dec, less than the 57.5 reading expected by economists and off from a reading of 58.1 in Nov. The Commerce Department reported that construction spending rose 0.2% in Nov, far less than 0.7% gain expected.
- 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%.