- 123jump.com Staff
- 30 Nov, -0001
- New York City
Strong May factory orders provided much needed boost to the market. The rally narrow in its scope broadened in the afternoon to include energy, leisure, retailers, miners, Internet and tech stocks. The overnight trading in oil at higher prices persisted in the European trading and continued in the session in NY with oil closing up 84 cents. The retailers rallied in anticipation of better same-store sales for the month of June as Walgreen reported 7.8% rise.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Strong May factory order up 2.9% on reflecting the strength in the airplane orders provided to foundation to the rally of the session. The rally also broadened to tech sector as several traders speculated that EMC may be a target of IBM and Apple's earnings and revenue were revised upwards for the fiscal third quarter. The retail stocks were up on the otimist outlook for the same-store sales to be reported this week.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
The narrow rally in the morning appears to broaden across several sectors. Home builder stocks came under pressure as several analysts downgraded stocks. Energy and Retail stocks are in demand. Oil continues to trade close to all-time high. In the overnight trading Asian stocks clsoed mixed. Euro trades to a 13-month low against the U.S. dollar. Copper mine strike in Chile is causing jitters in the metals market and gold drops third day in a row.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Summit of G-8 nations in Scotland may be disconnected with the realities in the markets and wishes of its population. The stagnant growth in Europe, rising global oil prices and lack of global trade growth and plight of farmers around the world are not some of the items of on the agenda. The security and terrorism driven agenda are increasingly viewed as the inability of the U.S. and UK to separate the terrorism, economical and political issues.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Broad rally though weak by the end of the day kept investors in the buying mood throughout the day. While oil dropped in the morning hours but during the final hours clocked a sizable gains as worried traders took positions for the long weekend. While Asian markets closed mixed the European markets had a positive closing as oil was still in decline at the mid-day in NY trading.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Market averages rise on the back of mercurial consumer sentiment index. Fall in construction spending for the third month in a row drove housing sector down. Pixar stock in not animating investors for now as it revises the earnings expectation downwards. Asian markets closed mixed while European markets are trading higher on the strength in auto stocks. German government of Schroeder lost confidence vote.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
The ninth rate hike of 25 basis points in a year by Fed had many traders worried of how many more to come. The fed rates have tripled in the last twelve months but mortgage rates have not. Fed's tone for inflation fight at 'measured pace' has not changed. Not many sectors were spared after the Fed rate hike report in the afternoon as market continued its slide towards close.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Fed raied the rate as expected by 25 basis point. The ninth increase in less than 30 months is associated with the Fed's desire to keep inflation under control in the rising energy costs. Claims for the unemployment declined last week by 6,000 and personal income grew by 0.2%. America continues to sell its asset to foreigners as net investment deficit grew by $327 billion in 2004.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Market in the morning hour remains on the offensive. The Bank of America deal to buy MBNA, decline in oil and rally in home builders is supporting the morning rally. In the earnings report BMC software disappoint but RIMM and PalmSource deliver the better earnings.Gold is unchanged.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
On the back of housing and construction sectors and lower trade deficit higher capital investment by businesses powered 1Q GDP to 3.8%. Oil, gold and silver are trading down in th morning hours. In the overnight trading Asian markets closed mixed and European markets closed higher. Energy Deaprtment weekly oil inventory showed that inventories of crude, gasoline distillate are up. DSW prices its IPO at $19 and stock jumps 20%.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
On the back of housing and construction sectors and lower trade deficit higher capital investment by businesses powered 1Q GDP to 3.8%. Oil, gold and silver are trading down in th morning hours. In the overnight trading Asian markets closed mixed and at mid-day European markests were selectively higher. Energy Deaprtment weekly oil inventory showed that inventories of crude, gasoline distillate are up. DSW IPO falls in the opening hours.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
On the back of housing and construction sectors and lower trade deficit higher capital investment by businesses powered 1Q GDP to 3.8%. Oil, gold and silver are trading down in th morning hours. In the overnight trading Asian markets closed mixed and at mid-day European markests were selectively higher.
- albena
- 30 Nov, -0001
- New York City
U.S. stock futures slightly dropped in early trading, pointing to a lower opening for stocks as investors are looking ahead at the key reading on oil supply and financial results from software giant Oracle.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Falling oil and metals prices, better consumer confidence and revised earnings outlook from Wyeth put market in the early drive. The rise in the averages during the day continued as oil fell. AMD files law suite against Intel claiming monopolistic practices, Richard Scrushy found 'not guilty' on all 36 charges. Paychex, Apollo, CKE and Emmis report better than expected earnings.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Richard Scrushy is not found 'guilty' on all 36 charges. Oil falls by $2 per barrel. Asian and European markets close higher. AMD files a law suite against Intel. Wyeth stock up 4% on revised earnings outlook. Emmis Communication, radio operator, reports profitable quarter.