ticker

S&P 500 Index Surpasses Record Level, Q4 GDP Estimate Lifted

Nichole Harper
28 Mar, 2013
New York City

The S&P 500 index traded above its all-time closing high and the government revised the estimate of fourth quarter economic growth to 0.4% annual rate. Jobless claims in the last week rose. Banks in Cyprus opened with stringent capital controls in place.

U.S. Movers: Accenture, GameStop, Five Below, Paychex, Mosaic, Red Hat

Mukesh Buch
28 Mar, 2013
New York City

Accenture second quarter net surged 67% and GameStop fourth quarter net surged 50%. Five Below net jumped 55% and Paychex third quarter net rose 7% to $144.5 million. Steelcase net swung to loss and Mosaic net soared 26% to $344.6 million.

Nikkei Declines 1.3% in Asian Markets Weakness

Hiruki Nakamura
28 Mar, 2013
New York City

Market indexes in Tokyo closed lower in sympathy with the decline in Asian markets after a sharp fall in Shanghai index. Domestically, investors looked ahead at the first central bank meeting next week under a new leadership. GS Yuasa Corp plunged 11% after more battery problems.

Europe Movers: Master Blenders, Tele2, Ziggo

Nigel Thomas
28 Mar, 2013
New York City

D.E Master Blenders said Benckiser offered

Australian Resource Stocks Weak on 2.4% Fall in Shanghai

Marcus Jacob
28 Mar, 2013
New York City

Australian resource stocks led the market decline after a sharp fall in Shanghai trading. Market index in Shanghai dropped 2.4% after the largest bank by asset reported a decline in profit growth. Nufarm plunged on weak results. Leighton sold stake in telecom companies worth $620 million.

India Movers: Clariant, GMR, HCL Tech, IL&FS, Novartis India, ONGC

Mukesh Buch
28 Mar, 2013
New York City

GMR divests its two coal mining assets in South Africa. HCL Tech won five years contract of $100 million from Ford Motor Company. IL&FS received a road project contract worth $280 million. Novartis AG will reduce its stake in Novartis India.

Stocks Struggle in New York, European Markets Fall 1%

Nichole Harper
27 Mar, 2013
New York City

Market indexes on Wall Street opened lower and slowly recovered near flat line. Italian politicians struggled to form a new governing coalition and European sentiment index showed a weakness. Bank of England said U.K. banks need to raise $38 billion.

U.S. Movers: Landec, Lindsay, Mattress Firm, PFSweb, Saic, UniFirst

Mukesh Buch
27 Mar, 2013
New York City

Landec third quarter net edged up and Lindsay second quarter net surged 52%. Mattress Firm fourth quarter net plunged 56% and PFSweb net declined 14.2%. Saic net income swung to $182 million profit.

Europe Movers: Belgacom, Mediaset, TDC, Safran

Nigel Thomas
27 Mar, 2013
New York City

Belgian government plans to sell stakes in Belgacom and BNP Paribas to reduced budget deficit. Mediaset said loss for 2012 swung to

Nikkei Advances in Choppy Trading, Daiei Plunges 9% on Aeon Offer

Hiruki Nakamura
27 Mar, 2013
New York City

Market indexes in Tokyo pared gains as stocks in the indexes traded ex-dividend. Real estate linked companies led the gainers on the hopes that the central bank will act soon to revive inflation. Aeon plans to raise its stake in retailed Daiei to 40% at lower than expected offer price.

Australian Indexes Rise 1%, Qantas Wins Final Approval for Emirates Alliance

Hiruki Nakamura
27 Mar, 2013
New York City

Australian markets rebounded and financials and resource stocks gained on the back of world markets advance. Qantas won final regulatory approval for its alliance with Dubai based Emirates. QBE said it is in track to meet its financial targets as the restructuring continues.

Durable Orders and Housing Data Fuel Optimism on Wall Street

Nichole Harper
26 Mar, 2013
New York City

Stocks on Wall Street opened sharply higher after mixed reports on housing markets and better than expected increase in durable goods orders. Investors bid up stocks after a string of positive economic data in the U.S. and overlooked the ongoing Cyprus saga.

Market Update