- Elena
- 08 Mar, 2006
- New York City
U.S. stock averages rebounded from earlier losses with support provided by declining oil prices. Crude futures fell 38 cents to $61.20 a barrel on the Nymex after OPEC agreed to keep output levels on rising concerns about Iran''s nuclear program. Shares of the NYSE Group soared 12% on the first day of trading in the exchange''s 213-year history. Lexar Media rose 19% as it agreed to be acquired by Micron. Distributed Energy Systems was one of the biggest decliners with a loss of 29%.
- Elena
- 08 Mar, 2006
- New York City
U.S. stocks started lower Wednesday hurt by worries about interest-rates increases as the 10-year Treasury note jumped to 4.75%. Unauthorized information on profit and sales projections was released by Google which led tech stocks to the downside.
- Elena
- 08 Mar, 2006
- New York City
U.S. stocks pointed to a lower opening with investors still concerned about interest-rates increases. An unvoluntarily released internal sales forecast from Google also weighed on sentiment, leading tech stocks to the downside. Further decline in crude oil prices failed to limit losses.
- Elena
- 08 Mar, 2006
- Frankfurt
European stocks traded lower at mid-day with investors eyeing strong earnings reports. The German DAX 30 slipped 1.3% and London FTSE 100 fell 1.1% on weak mining stocks. Asian-Pacific benchmarx extended losses Wednesday as the Bank of Japan started re-examining the monetary policy. The leading decliner was Shanghai Composite, down 1.6%. The Nikkei slipped 0.8%.
- Elena
- 08 Mar, 2006
- New York City
Asian-Pacific benchmarks extended losses Wednesday as the Bank of Japan started re-examining the monetary policy. The leading decliner was Shanghai Composite, down 1.6%. South Korean Kospi fell 1.1% with Samsung Electronics down 2.4%. The Nikkei slipped 0.8%.
- 123jump.com Staff
- 07 Mar, 2006
- New York City
Bond market yields floated above 4.7% for the most part of the day and closed at 4.742% causing traders to sell stocks in Latin America, Europe, Canada and Mexico. Tech stocks in the U.S. led decline among all the secots. Falling energy prices caused sell-off in drillers and explorers. Brazil lost 2.83% and South Africa lost 3.8% on worries of the upcoming negotiations between miners and steel makers.
- 123jump.com Staff
- 07 Mar, 2006
- New York City
Investors brace rising rates and markets from Asia, Europe, South Africa and in North and South America report sell-offs. South Africa lose 3.8%, Brazil down 2.83%, Mexico 2.3%, Argentina 2.2%, Korea 2.1%, Norway 0.96%. U.S. average Nasdaq led the delciners and tech stocks sell-off induced by earnings guidance from Texas Instuments. Commodities including crude oil, gold and copper suffer losses.
- 123jump.com Staff
- 07 Mar, 2006
- New York City
Broader averages in the U.S. have managed a slight rebound but maintain a negative bias as market nears last 30 minutes of trading. Tech stocks are still in the negative column. Markets across the Latin America region declined on the rising rate in the U.S. of the major markets in the region Brazil, Mexcio and Argentina lost 2.8%, 2.2% and 2.2% respectively.
- 123jump.com Staff
- 07 Mar, 2006
- New York City
Broader market averages still maintain negative bias with worsening sentiment for tech stocks. Internet stocks are on decline led by fall in stock price of Google, Yahoo, CNET, Value Click and Real Networks. Other notable tech stocks RIM, SanDisk, Advannced Micro and EMC decline by more than 1%, however Apple traded up 1%. April Crude oil is down 83 cents.
- 123jump.com Staff
- 07 Mar, 2006
- New York City
Market averages remain under pressure in the early afternoon. Tech stocks sell as telecom, Internet, homebuiders, miners and energy stocks decline. Crude oil lost another $1.03 today gold has lost near $15 in the last three session and copper and copper and silver are in decline as well.
- Elena
- 07 Mar, 2006
- Frankfurt
European markets closed lower on mixed U.S. stocks and sharp losses in the resource sector. London FTSE 100 led decliners, falling 0.6%. A disappointing guidance from Texas Instruments and general weakness in the tech sector drove the S&P 500 and Nasdaq lower. But the Dow slightly advanced, with gains in blue chip stocks like General Motors, Procter & Gamble, Honeywell.
- Elena
- 07 Mar, 2006
- New York City
Stocks were mostly weak on higher bond yields and worries about further interest rate hikes. The Dow recovered in early morning, supported by gains in major stocks. General Motors stood out among gainers with an advance of 1.7%. GM freezes pension benefits of employees hired after Jan 1, 2001. This will reduce pension liability by $1.6 billion and 2007 pretax expenses by $420 million. The index was also helped by Honeywell International which rose 1.5% and Procter & Gamble, up about 1.2%.
- Elena
- 07 Mar, 2006
- New York City
Stocks slightly recovered from the early drop on rising bond yields, inflation worries and losses in the tech sector. On Tuesday morning the yield on the 10-year Treasury note rose to 4.77%. Myogen slipped 10% after it announced a loss for 2005. The company also revealed a licensing deal with GlaxoSmithKline. Sunrise Senior Living was a notable gainer after posting Q4 earnings increase and lifted 2006 earnings guidance. The stock jumped 10%.
- Elena
- 07 Mar, 2006
- New York City
Stocks opened weak, reflecting rising bond yields, inflation worries and losses in the tech sector. On Tuesday morning the yield on the 10-year Treasury note rose to 4.77%. The main stock to blame for the weakness among tech stocks was Texas Instruments which raised the lower end of its profit forecast range but failed to deliver the strong outlook analysts had expected.
- Elena
- 07 Mar, 2006
- New York City
U.S. stock futures were sitting below the flat line, hurt by a disappointing guidance from Texas Instruments. The top supplier of mobile phone chips raised the lower end of its profit forecast range but failed to deliver the strong outlook analysts had expected. Citigroup lowered its rating on Qwest Communications International to sell from hold and BellSouth Corp. to hold from buy.