- 123jump.com Staff
- 30 Nov, -0001
- New York City
Oil trades above $51 as three-day weekend bring driving season in full force. Overnight Asian markets closed higher with Seoul jumping near 2% and Tokyo up 1.49% on strength of tech stocks. Chico's reproted 36% jump in earnings.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Latest read on 1Q GDP of 3.5% put buyers in charge and market disregards small rise in initial unemployment claims for the last week. Costco and Heinz meet the earnings expectations but Dollar General, Fred's fall on disappointing earnings. Toll Brothers earnings doubled from a year ago.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Latest read on 1Q GDP of 3.5% put buyers in charge and market disregards small rise in initial unemployment claims for the last week. Costco and Heinz meet the earnings expectations but Dollar General falls on disappointing earnings. Toll Brothers earnings doubled from a year ago.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Latest read on 1Q GDP growth of 3.5% from Commerce Department put traders at ease. The lower trade deficit in March and strong consumer spending kept the U.S. economy humming at higher rate than 3.1% as expected in March read. The economy appears to be resilient to oil shock for now.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Unexpected fall in crude inventory last week drove oil passed $52 and put market on the defensive. The mixed report on consumer durables order, up 1.9%, and new home sales up 13% failed to cheer market. earnings releases from few companies including Medtronics, Blyth and Network Appliance did not help averages and investors mood.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
April durable orders released by Commerce Department today failed to restrain sellers in the market. The 1.9% rise would have been 0.2% decline without the rise in volatile transportation orders. Oil hovering around $50 did not give any margin of comfort to traders. Market remains on the defensive.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
It was the day of oil and mergers. MidAmerican purchase of PacifiCorp for $4.5 B cash plus debt, and news on Dollar and gold drove investors on selective buying. OECD trims the developed economy foreacast, Vodafon in the UK narrows loss, Gruner+Jahr to sell the U.S. magazine group, and Microsoft and Google in race to enhance visual search experience.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
News on oil, MidAmerican purchase of PacifiCorp for $4.5 B cash plus debt, and news on Dollar and gold drove investors on selective buying. OECD trims the developed economy foreacast, Vodafon in the UK narrows loss, Gruner+Jahr to sell the U.S. magazine group for $350 million to Meredith, and Microsoft and Google in race to enhance visual search experience.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Lower rates, demographic needs, and market speculation all together drive record home sales in April. The median home price jumped 15.6%, record since 1980.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
In the morning trading hour news on oil, MidAmerican purchase of PacifiCorp for $4.5 B cash plus debt, and news on Dollar and gold drove investors on selective buying. OECD trims the developed economy forecast, Vodafon in the UK narrows loss, Gruner+Jahr to sell the U.S. magazine group, and Microsoft and Google in race to enhance visual search experience.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Apple shares trade higher on news of talks with Intel to use chips for Apple products. Google and Pixar shares were up by 5.7% and 4.5%. Campbell met the earnings estimates. Tuesday Fed releases its May 3rd minutes of meeting transcript and NAR releases existing home sales. On earnings watch Costco, AutoZone, Petco, Boeing, Toll Brothers, Medtronics are scheduled this week.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Apple shares trade higher on news of talks with Intel to acquire chips for Apple products. Several tech and Internet stocks trade higher in the morning rally. Tuesday Fed releases its May 3rd minutes of meeting transcript and NAR releases existing home sales. On earnings watch Campbell Soup, Costco, AutoZone, Petco, Boeing, Toll Brothers, Medtronics are scheduled this week.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Apple shares trade higher on news of talks with Intel to use chips for Apple products. Several tech and Internet stocks trade higher in the morning rally. Tuesday Fed releases its May 3rd minutes of meeting transcript and NAR releases existing home sales. On earnings watch Costco, AutoZone, Petco, Boeing, Toll Brothers, Medtronics are scheduled this week.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Tuesday Fed releases its May 3rd minutes of meeting transcript and NAR releases existing home sales and on Thursday Commerce Department is to release 2Q GDP estimate and April durable orders. Campbell Soup, Costco, AutoZone, Petco, Boeing, Toll Brothers, Medtronics earnings will be watched by market.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
After a week of 3% gain, traders are taking profit before the weekend. The light trading in equity markets, oil and metals markets are taking fewer stocks higher in the morning trading. Maytag bonds may be downgraded.
Taiwan, Korea, Mexico, and France are already feeling the heat of oil price spike and lowering their GDP forecast and market expects UK to do so soon. Dollar is attempting to rally after three long years of bear market.