- albena
- 30 Nov, -0001
- New York City
U.S. stocks extended their losses after the news that China would have the yuan pegged to a basket of currencies rather than just tied to the greenback. It also vaulted the yuan 2% higher vs. the dollar. According to a number of reports, London police have responded to small blasts at 3 subway stations and also to some events related to buses. Greenspan repeated that economy growth was solid and interest rates will keep rising.
- albena
- 30 Nov, -0001
- New York City
China would have its currency, the yuan, pegged to a basket of currencies rather than just tied to the greenback. It also vaulted the yuan 2% higher vs. the dollar. This surprising move could hit the profits of companies that source heavily from China. According to a number of reports, London police have responded to small blasts at 3 subway stations and also to some events related to buses.
- albena
- 30 Nov, -0001
- New York City
U.S. stock futures are mixed early Thursday morning, with investors waiting to see if the earnings news will continue the rally from the last several days. eBay's strong quarterly earnings could give a boost to tech stocks early Thursday and more earnings releases are expected five Dow components - McDonald's, Coca-Cola, Merck, SBC and Caterpillar. After the bell Microsoft and Google are set to report results.
- 123jump.com Staff
- 30 Nov, -0001
- New York City
U.S. stocks bounced back from their lows at mid-day, after opening lower, pressured by the disappointing earnings from Intel, Yahoo and GM. Federal Reserve Chairman Greenspan said that the central bank must keep raising rates to ensure economic growth without inflation. Crude futures fell on news of a small drop in crude stocks in the latest week.
- albena
- 30 Nov, -0001
- New York City
U.S. stocks were off their lows at mid-day, after opening lower, pressured by the disappointing earnings from Intel, Yahoo and General Motors. Federal Reserve Chairman Alan Greenspan said that the central bank must keep raising rates to ensure economic growth without inflation. Crude futures fell on news of a small drop in crude stocks in the latest week.
- albena
- 30 Nov, -0001
- New York City
Stocks opened lower Wednesday after General Motors reported a big loss and further disappointed investors after lackluster results from Intel, Yahoo, as the market awaits economic testimony from Federal Reserve chief Alan Greenspan. U.S. light crude oil for August delivery rose 78 cents to $58.24.
- albena
- 30 Nov, -0001
- New York City
U.S. stocks are poised to start lower as some investors were disappointed by the earnings reports from Intel and Yahoo. The raft of other earnings releases will be in the spotlight, together with Greenspan
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Morning tech rally weakened at mid-day and regained its strength as optimistic sentiment for the rest of the earnings season remained, bolstered by stronger-than-expected results from IBM and Merrill Lynch. Investors look forward to more earnings reports today, including Intel, Motorola and Yahoo, which are due after the closing bell. Housing starts were flat in June as new residential construction rebounded in the South while declining in the rest of the U.S. Building permits advanced 2.4%.
- albena
- 30 Nov, -0001
- New York City
Morning tech rally weakened at mid-day even though optimistic sentiment for the rest of the earnings season remained, bolstered by stronger-than-expected results from IBM, Caterpillar and Merrill Lynch. Investors look forward to more earnings reports today, including Motorola and Yahoo, which are due after the closing bell. Housing starts were flat in June as new residential construction rebounded in the South while declining in the rest of the U.S. Building permits advanced 2.4%.
- albena
- 30 Nov, -0001
- New York City
Several Dow stocks were under the spotlight. Merrill Lynch shares rallied 2.2% after the company reported 2Q earnings, topping estimates on a 20% jump in revenue. Better-than-expected results from Wachovia Corp. further boosted sentiment. Housing starts were flat in June as new residential construction rebounded in the South while declining in the rest of the U.S. Building permits advanced 2.4%.
- albena
- 30 Nov, -0001
- New York City
U.S. stock futures are poised to open higher Tuesday after IBM posted 2Q results that beat forecasts. The numerous blue-chip earnings releases scheduled Tuesday will be investors
- 123jump.com Staff
- 30 Nov, -0001
- New York City
The day's trading was dominated by earnings news from 3M, Bank of America, CitiGroup and Eaton Corp. CitiGroup and Bank of America announced better earnings than a year ago but still missed the market expectations. The weakenss in the large cap stocks during the day was reflecting this disappointment. IBM reported 2Q earnings of $1.12 vs. $1.01 per share beating the estimates by 9 cents.
- albena
- 30 Nov, -0001
- New York City
Stocks fell Monday after Citigroup reported weaker-than-expected earnings and provoked investors' concerns about other companies' 2Q financial results. Citigroup earnings said tough market environment was to blame for the earnings 5 cents below expectations.
- albena
- 30 Nov, -0001
- New York City
Futures were lower in early trading, dropping after the Dow component Citigroup announced its financial results. The No.1 U.S. financial institution reported lower 2Q operating income that disappointed forecasts, while net income advanced vs. last-year
- 123jump.com Staff
- 30 Nov, -0001
- New York City
Good news on PPI and wholesale inflation followed by yesterday's weak CPI failed to energize the market. The positive earnings from GE, Cintas and McDonald's failed to lift the averages for the day. The weak inflation, good earnings, strong output from the nation's mines, factories and utilities was the best report an economist can expect. But investors want more.