- 123jump.com Staff
- 30 Nov, -0001
- New York City
June retail sales were driven higher by 1.7% as auto discounts spurred better-than-anticipated sales. The inflation when measured at CPI level rose by 0.1% in June compared to 0.2% forecast. The benign inflation in the CPI index supported the early gains in the market. The Initial Claims for the unemployment jumped to 336,000 last week.
- albena
- 30 Nov, -0001
- New York City
Rosy inflation report, strong retail-sales results and positive earnings fueled the rally on Wall Street. Core CPI ticked up by just 0.1% vs. views of 0.2%. Initial jobless claims came in at 336,000 for the week ended July 9, up 16,000 vs. previous week. The Consumer Price Index was unchanged in June vs. forecasts of a rise by 0.2%. Retail sales jumped by 1.7% in June, above the 1% advance projected by economists.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
The May trade deficit is though lower than April deficit but the annual deficit is still likely to top $700 billion. Apple reported 2Q earnings of 37 cents vs. 8 cents a year ago and expected 31 cents. AMD reports 2Q profit drop of 66% to 3 cents vs. 9 cents a year ago but tops the estimates of loss. YUM Brands reported 2Q earnings of 62 cents vs. 58 cents a year ago on 5% same-store U.S. sales.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
The deficit for the Jan-May period jumped from $207 billion in 2003 to $236 billion in 2004 to $284 billion on 2005.
The crude oil import for the month of May remained above 10 million barrels tracking the average import for the last two years for the similar months but average crude price per barrel jumped from $33.14 in 2004 to $43.08 per barrel. The 30% higher price of crude has not dampened the import of crude from a year ago.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
The deficit for the Jan-May period jumped from $207 billion in 2003 to $236 billion in 204 to $284 billion on 2005.
The crude oil import for the month of May remained above 10 million barrels tracking the average import for the last two years for the similar months but average crude price per barrel jumped from $33.14 in 2004 to $43.08 per barrel. The 30% higher price of crude has not dampened the import of crude from a year ago.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Morning positive report on trade deficit has overshadowed the mild up-tick in the oil price in London and New York. The stocks are likely to respond to the earnings news. Report from Abbott, Harley Davidson and AMB Property will support the morning trend for the higher opening. After the close the companies Apple and Advanced Micro are scheduled to report earnings.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Morning positive report on trade deficit may overshadow the mild uptick in the oil price in London and New York. The stocks are likely to respond to the earnings news. Report from Abbot, Harley Davidson and AMB Property will support the morning trend for the higher opening. After the close Apple and Advanced Micro are scheduled to report earnings.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Oil's clilmb of 3% capped early advances in the consumer stapels, techs and materials stocks. Falling dollar in Europe and NY supported rally in gold, silver and but led to losses in copper. Shares of Apple Computer closed higher ahead of 3Q earnings tomorrow.
- albena
- 30 Nov, -0001
- New York City
Stocks held in the middle of the intraday trading ranges though they got some downward pressure. The major averages slightly declined.Ameritrade reached a new 52-week high on in-line 3Q earnings. Open Text slightly slid on slashed outlook. Investors kept to the sidelines ahead of a slew of key earnings reports due later in the week.
- albena
- 30 Nov, -0001
- New York City
Stocks were mixed in early trading Tuesday as traders shrugged off positive earnings news from Pepsi Co. Inc. and were cautious ahead of economic data and earnings reports scheduled later this week. With no major economic news due Tuesday stocks struggled with no direction and investors held onto their recent gains.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
The day's trading is dominated by four deals totaling $13 billion. DreamWorks lowered the 2Q outlook to loss. China
- albena
- 30 Nov, -0001
- New York City
Stocks led an early rally Monday on a slide in oil prices and various merger news. Crude oil for August delivery marked the third trading day in a row that oil prices have declined as Hurricane Dennis missed the platforms in the Gulf of Mexico and helped relieve worries about U.S. supplies. No major economic data is due Monday.
- albena
- 30 Nov, -0001
- New York City
Stocks are poised to open up Monday on a slide in oil prices and various merger news. Crude oil for August delivery marked the third trading day in a row that oil prices have declined as Hurricane Dennis missed the platforms in the Gulf of Mexico and helped relieve worries about U.S. supplies. No major economic data is due Monday.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
The demand for cement will rise as the hurricane Dennis marches through the Gulf Coast of Mexico and worsen the current shortage in Texas and Florida. At the center of the hurricane wind speed is expected to be as high as 85 mph. The copper maket remains tight as strike moves into the seocnd week in Chile and Arizona. Indian Sikh temples are attacked in the wake of London bombings.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
June job report of 146k new jobs was not what economists wanted but investors found the report just right. Investors bid up tech, consumer discretionary, retail and home builders. Energy stocks suffered with fall in oil prices. Copper reached near all-time high as strike in Chile and Arizona is likely to last longer than anticipated. Copper inventories are at 30-year low.