- Elena
- 23 Dec, 2005
- New York City
Stock markets ticked up at opening on Ford Motor''''s health-care deal, merger-and-acquisition news, as well as economic data. Ahead of the Christmas holiday investors seem reluctant to make significant moves and only thin trading is expected. In earnings news, General Mills posted Q2 earnings rise of 97 cents a share, exceeding estimates, while American Greetings Corp missed estimates reporting Q3 profit decline, reflecting charges.
- Elena
- 23 Dec, 2005
- New York City
November orders for durable goods exceeded expectations with a rise of 4.4% due to orders for civilian aircraf, following a 3% increase in October. Asian-Pacific benchmarks finished mixed with the Nikkei closed in honor of the Emperor''s birthday. Taipei''s Weighted index surged 1.5%, South Korean Kospi climbed 0.6%, led by Samsung Electronics, up 1.7%. European stocks advanced at mid-day with London''s FTSE 100 hitting a four-year peak of 0.1% to 5,600.
- 123jump.com Staff
- 22 Dec, 2005
- New York City
Traders showed interest in buying stocks on the rise in personal income, limited rise in inflation deflator, and unexpected fall in unemployment claims. Positive news on earings from RedHat, A G Edwards, General Mills, Paychex, ConAgra supported a broad rise in equities. American Greetings, Bed Bath & Beyond and Micron Tech disappointed the market.
- Elena
- 22 Dec, 2005
- New York City
Thursday morning session was one of low trading volume with stocks rising at opening and then easily losing steam. U.S. market averages struggled but failed to build upward momentum as investors digested upbeat economic data which eased inflation worries against mixed corporate news from the tech sector. Micron Technology threatened the tech sector, releasing a disappointing report, while a better-than-expected profit rise of Research in Motion, provided support.
- Elena
- 22 Dec, 2005
- New York City
The Commerce Department reported that personal income in November rose at a seasonally-adjusted rate of 0.3% compared with a growth rate of 0.5% in October. Personal spending also climbed 0.3%, following a 0.2% increase the previous month. In another report the Labor Department stated that initial jobless claims declined 13,000 to 318,000 for the week ended Dec 17 versus expectations of a more modest dip to 325,000.
- 123jump.com Staff
- 22 Dec, 2005
- New York City
A familiar pattern of trading may be repeated today on a day of light trading ahead of holidays. Earnings news from maker of BlackBerry, General Mills, ConAgra, A G Edwards and American Greetings to dominate news. ALbertson is reported to have broken-off the company sale talks. Oil is likely to trade higher at the opening.
- 123jump.com Staff
- 21 Dec, 2005
- New York City
Final read on Q3 GDP was lowered to 4.1% from 4.3% by the Department of Commerce. The latest read on GDP was another indiaction that economic growth is steady despite several shocks from hurricanes, energy prices and outsourcing trends to China and India. Joy Global, Federal Express, Jabil Circuit and CarMax reported stronger than expected earnings.
- Elena
- 21 Dec, 2005
- New York City
Wednesday morning session broke the recent lackluster trading pattern with averages rising on intense merger-and-acquisition activity in the technology and pharmaceutical industries, robust third-quarter GDP growth of 4.1%, easing inflation concerns and strong quarterly earnings from FedEx which posted 33% net income rise for the Q2, well above expectations.
- Elena
- 21 Dec, 2005
- New York City
A raft of merger-and-acquisition news lifted market sentiment. Tech stocks gained after computer hard-drive maker Seagate said it will pay $1.9 billion in stock for rival Maxtor Corp. In earnings news, FedEx posted 33% net income rise for the Q2, well above expectations. The company lifted its full-year earnings outlook. Nike Inc reported that Q2 profit advanced 15% to $1.14 a share on 10% revenue growth, beat estimate.
- Elena
- 21 Dec, 2005
- New York City
The U.S. economy grew at fastest pace in a year and a half according to a report, released by the Commerce Dept. The third-quarter GDP rose at an annual rate of 4.1%, despite surging oil prices and hurricanes, following a 3.3% rise in Q2. In earnings news, athletic footwear, Nike Inc reported that Q2 profit advanced 15% to $1.14 a share on 10 revenue growth, beating analyst estimate. ATI Technologies reported an 88% decline in quarterly profit, despite revenue growth, exceeding expectations.
- 123jump.com Staff
- 20 Dec, 2005
- New York City
Better than expected decline at wholesale level inflation and stable housing construction report failed to excite the market. November PPI drops 0.7% and core PPI rose only 0.1%. Reflecting healthy construction market single family housing starts for November show robust gains. Nike and Morgan Stanley deliver strong earnings. General Motors shares drops below $20 for the first time since 1987.
- Elena
- 20 Dec, 2005
- New York City
Strong quarterly results from Morgan Stanley and better-than-expected wholesale inflation data supported market in early going, raising hopes for more buying but investors locked in before-year-end gains and stocks turned mixed, dragged by weak tech stocks, General Motors drop, and oil prices rise.
- Elena
- 20 Dec, 2005
- New York City
According to a report, released by the Labor Department Producer price index declined 0.7% in November, seasonally adjusted, following a 0.7% rise in October and a 1.9% gain in September. The Commerce Department said that housing starts rose to an annualized rate of 2.123 million homes in November, up from October''s rate of 2.014.
- Elena
- 20 Dec, 2005
- New York City
Producer price index declined 0.7% in November, seasonally adjusted, following a 0.7% rise in October and a 1.9% gain in September. Asian markets finished mostly higher with the Nikkei up 1.6% on on news that AIG will buy Tokyo property for $3.5 billion. European stocks declined on tech and construction stocks.
- 123jump.com Staff
- 19 Dec, 2005
- New York City
Market played to a familiar tone of morning rally followed by a late afternoon sell-off. Tech stocks rallied in the morning only to face few semiconductor stocks downgrades. Retailers advanced on strong weekend buying from consumers. Gold rose, oil fell but natural gas rose at close. Google rose to all-time high of $446 before tracking all the way back to $426. Google was added to Nasdaq 100 index.