- Elena
- 28 Feb, 2006
- New York City
Stocks moved further lower after CFO of Google reported that growth at the Internet search giant is slowing down. Concerns over inflation and further interest-rate hikes also weighed on sentiment. The second reading of Q4 GDP showing faster economic growth, renewed concerns over inflation and further interest-rate hikes. Consumer confidence index fell to 101.7 in February. Existing home sales in January fell 2.8% to a seasonally adjusted annual rate of 6.56 million units.
- Elena
- 28 Feb, 2006
- New York City
Concerns over inflation and further interest-rate hikes sent stocks lower as the government released its second reading of Q4 GDP which showed economy grew at slightly faster rate. The GDP figures were up to 1.6% from 1.1%, meeting expectations. The GDP deflator rose at an annualized pace of 3.3%, above the estimated 3% increase. Apollo cut its Q2 profit and revenue forecast and suspended its 2006 outlook. Google dropped after CFO reported the company develops at slower pace.
- Elena
- 28 Feb, 2006
- New York City
Asian-Pacific benchmarks finished mixed. The Nikkei edged up 0.1%, supported by overseas demand and new domestic investment funds. Indian shares hit an all-time high of 0.9% tp 10370.24. European averages traded lower at mid-day, hurt by utilities and metals stocks. All indexes fell 0.4%. The government''s second reading of Q4 GDP matched expectations with 1.6% annualized growth. The GDP deflator rose at an annualized pace of 3.3%.
- 123jump.com Staff
- 27 Feb, 2001
- New York City
Merger news in Europe dominated market. On the back of strong gains across the board in Asia, markets in Europe and in North America advanced except in Mexico. Commodities stocks sold-off as prices of oil, gold and copper fell. Lowes delivered strong earnings as stock peaked yearly high. Broader averages are close to gaining more than 2% as February trading closes. Five percent fall in January new home sales is to be followed by existing-home sales and initial read on Q4 GDP reports tomorrow.
- Elena
- 27 Feb, 2006
- New York City
Stocks were driven higher by oil prices drop and better-than expected earnings from Lowe''s which eased concerns about corporate ptofits. The home improvement retailer posted Q4 profit rise of 87 cents a share on 7.8% same-store sales rise, beating estimates. The Nasdaq was the best performer, climbing 0.9%, supported by upgrades of SanDisk and M-Systems Flash Disk Pioneers to buy from hold.
- Elena
- 27 Feb, 2006
- New York City
Stock averages opened higher as falling oil prices and better-than expected earnings from Lowe''s Cos eased concerns about corporate ptofits. The retailer posted Q4 profit rise of 87 cents a share on 7.8% same-store sales rise, beating estimates. A report saying that Apple Computers may acquire Walt Disney also provided support. SanDisk and M-Systems Flash Disk Pioneers were upgraded by Citigroup to buy from hold.
- Elena
- 27 Feb, 2006
- New York City
Asian markets broadly rallied on continuing strong fund flows. The Nikkei rose 0.5%, South Korean Kospi climbed 0.6%, and India stock Exchange sensitive index gained 0.7%. European stocks traded positive at mid-day, supported by overtake news in the utility sector. In deal news, National Grid announced it agreed to acquire KeySpan for $7.3 billion, or $42 per share to create the third-largest energy delivery utility in the U.S. Lowe''''s Cos posted Q4 profit rise above estimates.
- 123jump.com Staff
- 24 Feb, 2006
- New York City
Market for the most part paid attention to the rising oil price. Foiled attack at an oil refining facility in Saudi Arabia. Fall in January durale goods orders had little impact on trading. Gold rose in sympathy with rise in oil price. Casino stocks rose on the back of recent earnings from MGM, Las Vegas Sands and Wynn Reosrts. Markets in Brazil, U.K., Norway and Canada rose as in Mexico, South Africa and India fell.
- Elena
- 24 Feb, 2006
- New York City
U.S. blue chips fell after a report of an explosion and shooting at a Saudi Arabian oil facility sent oil back to over $62, raising concerns about high energy costs and inflation. A disappointing report on factory orders further weighed. Patent-holding NTP asked a judge to award it $126 million in damages and issue an injunction against RIM, the maker of BlackBerry, for violating its patents, but all of the 3 patents remaining in dispute were rejected by the U.S. Patent and Trademark Office.
- Elena
- 24 Feb, 2006
- New York City
U.S. stocks opened lower on a report of an explosion and shooting at a Saudi Arabian oil facility which sent oil up $1.22 to $61.76 a barrel. A disappointing report on durable goods orders further weighed on sentiment. Wynn Resorts posted a narrower Q4 net income loss of $11.4 million. Gap reported Q4 profit drop of 11% on lower sales. Nordstrom posted 36% profit jump in Q4, or 69 cents a share, beating estimates but the full-year outlook was below forecasts.
- Elena
- 24 Feb, 2006
- New York City
Asian markets closed mixed. The Nikkei edged down 0.04% on weaker dollar, while Taiwan Weighted index rose 1%. European averages traded in the positive at mid-day, supported by WPP, Lloyds TSB, and Sanofi-Aventis. In earnings news, Wynn Resorts posted a narrower Q4 net income loss of $11.4 million. Gap reported Q4 profit drop of 11% on lower sales. New orders for durable goods fell 10.2% in Jan, from a revised 2.5% gain in Dec, vs. expectations of a 1% decline.
- 123jump.com Staff
- 23 Feb, 2006
- New York City
It was a day when broader averages sank but select tech and financial stocks closed higher. discount brokers, asset managers and select financial services stocks ralled with Internet stocks of the U.S., China and India based companies. Google jumped $12, Ctrip from China and Rediff from India gained during the day. Unemployment claims and oil report failed to sway the market direction. Reuters stock lost 12%. Gap reported earnings of 39 cents and 13% lower store traffic.
- Elena
- 23 Feb, 2006
- New York City
Stocks traded mixed to lower as investors failed to find further upside to extend gains and turned to profit-taking. Oil prices dropped below $60 on increased inventories. Toll Bros beat estimates, posting Q1 net income rise of 49%, with revenue up 35% to $1.34 billion. CBS posted a narrower Q4 net loss of $6 a share vs. a loss of $10.99 a share a year ago. Reuters Group PLC dropped after the company posted 25% profit rise in 2005 but a disappointing 2006 outlook.
- Elena
- 23 Feb, 2006
- New York City
Stocks opened lower as investors turned to profit-taking on inflation concerns and disappointing earnings from Viacom. Toll Bros beat estimates, posting Q1 net income rise of 49%, with revenue up 35% to $1.34 billion and its backlog up 22% to $5.95 billion. CBS posted a narrower Q4 net loss of $6 a share vs. a loss of $10.99 a share a year ago. Shares of Reuters Group PLC dropped after the company posted 25% profit rise in 2005 but a disappointing 2006 outlook.
- Elena
- 23 Feb, 2006
- New York City
Asian markets sharply rose. The Nikkei led the gainers, surging 2%, closely followed by South Korean Kospi, up 1.5%. European markets hit new multi-year highs at mid-day with the German DAX 30 rising 0.2%. Toll Bros beat estimates, posting Q1 net income rise of 49% to 98 cents a share, with revenue up 35% to $1.34 billion and its backlog up 22% to $5.95 billion. CBS posted a Q4 net loss of $6 a share, narrower than a loss of $10.99 a share a year ago.