- 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.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
The strength in overnight trading in the Asian markets and 1% up close in Tokyo helped market to attract buyers in the opening hours. The latest read on the consumer sentimet and the drop in oil price in the European trading and in the NY markets helped buyers to take more postive attitude in the opening hours.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
In day of oil dominating tradig for the most of the day energy stocks rallied while transports came under selling pressure. Nike, Cardinal Health drop on lower outlook for the year and eBay drop due to negative sentimet related to the recent news articles. Bausch & Lomb, Beazer Homes and WalGreen are favored by analysts. Google closes above $300 for the first time.
- albena
- 30 Nov, -0001
- New York City
U.S. stocks were mixed Monday as oil prices climbed past $60 a barrel mark. Home Depot, AIG Inc. and Exxon Mobil Corp. recorded gains and boosted blue chips. Nasdaq was dragged down by tech shares.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Iranian and Bulgarian voters elect for a change of regime and focus on domestic agenda as voters prefer job creations at home. Oil closed record high as traders worry of the lack of crude refining capacity in the U.S. Copper traded at sixteen year high as inventories fall at a level not seen in three decades. Gold flirts at a near term record as U.S. dollar despite strong this week is expected to decline in coming months. Euro falls 1% and pound falls 0.2% against dollar.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
May durable orders fell 0.2% ex-transportation orders. New home sales up but median house price falls. Asian and European markets sell-off on higher oil price. Oil stays close to $60. Gold and silver fall but copper manages to hold on to marginal gains. Citigroup and Legg Mason in a deal to swap brokerage and asset management businesses. Textronix, Micron, Xyratex and Solectron earnings disappoint market.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Traders approached morning opening with mixed reaction to the May durable orders. Excluding the volatile transportation sectors the oders for May fell 0.2% and Capital goods orders were below estimates. Oil continued to rally in Mew York as the prices remained high in the Asian and European trading. Gold and silver are on the rise.
- albena
- 30 Nov, -0001
- New York City
Stocks are set to climb at the open Friday, as oil prices are near $60 a barrel and investors are expecting economic readings on durable goods and new home sales. Traders will hope to get encouraging news from both key economic reports scheduled on Friday.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
The Power of oil price and fear it can induce on traders was evident in the stock market sell-offs. Transportation, steel, materials and mining sectors were hit hard. Earnings disappointments and warnings also put market on the edge. nothing shined like gold in todays session.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Stocks are on a slippery slope in the morning trading. Oil, gold and silver are on the rise while copper is on the downside. FedEx missed the estimates by two cents. Family Dollar, Corinthian and Del Monte disappoint. European markets at mid-day are mildly up.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Energy Department reported that crude invenotry is in an upper range of average and has more than a billion barrels for the second week in a row. Oil, though volatile, dropped 95 cents as expected strike in Norway never materialized. Ameritrade agreed to buy TD Waterhouse brokerage unit for $2.9 billion. Ameritrade up 20% and Arbinet-The Exchange dropeed 35% on lower earnings. Fed Chairman and Treasury Secretary will testify to Senate Finace committee tomorrow on China.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Energy Department reported that the crude oil inventory fell by 1.6 million. Morgan Stanley reported second quarter income declined by 24%. Bear Stearns reported that it may have violated some of mutual funds trading rules. Ford shares sell-off 5% on the lower earnings guidance and staff reduction in the salaried ranks. Arbinet-The Exchange fell off 32% on lower earnings guidance.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
The morning rally remained very narrow in the first hour of the opening and failed to broaden beyond tech, internet and select healthcare stocks. The Energy Department weekly petroleum report cited that Total commercial petroleum inventories increased by 2.9 million barrels last week, placing them above 1 billion barrels for the second consecutive week.Oil price in the morning remains lackluster.