ticker

U.S. Movers: FactSet Research, Finisar, Texas Instruments, Under Armour

Mukesh Buch
12 Jun, 2012
New York City

FactSet Research third quarter income advanced 11% to $48 million. Finisar fourth quarter surged 48% to $13.2 million. Texas Instruments tightened second quarter outlook. Under Armour announced 2-for-1 stock split.

Fed Estimates Wealth Shrink of 39%, U.S. Import Prices Fall

Arthi Gupta
12 Jun, 2012
New York City

Speculation mounted on Wall Street for another stimulus as the euro zone stress lift bond yields of Spain and Italy. Import prices fell 1% in May, the largest monthly decline in two years. The median households lost more than one third of its wealth in three years to 2010.

Italian, Spanish Bond Yields Rise on Lack of Confidence

Devan Biswas
12 Jun, 2012
New York City

European markets traded higher in choppy trading but stress in bond market turned investors cautious. Spanish bond yields rose above 6.5% for the second day in a row and Italian bond yields jumped above 6% forcing policy makers to turn attention to Italy.

Nikkei Falls Back 1%; Japan Tobacco, Yamada Denki in Focus

Nigel Thomas
12 Jun, 2012
New York City

Market sentiment in Tokyo trading was weak as investors worried that the latest Spanish bank bailout will not arrest the widening debt contagion in Europe. Retailers were in focus after government proposes to double consumption tax to 10% by 2014.

Australian Dollar Inches to Parity, Qantas Surges 10%

Marcus Jacob
12 Jun, 2012
New York City

Australian stocks traded higher on the first day of trading. Resource companies were in focus after international prices of commodities extended losses. The euro zone worries shifted to Italy and Greece. Qantas surged 10%.

Wall Street Rally Fizzles, Chinese Exports Rise

Bikram Pandey
11 Jun, 2012
New York City

Wall Street turned negative after early euphoria fades and the euro zone worries over power market sentiment. Crude oil and metals tracked lower and U.S. Treasuries yields declined. Apple Inc released new versions of its popular computers and widely anticipated 3D mapping application.

U.S. Movers: AEP Industries, Argan, Centene Corp., Forest Laboratories

Mukesh Buch
11 Jun, 2012
New York City

AEP Industries second quarter net swung to profit and Argan first quarter surged more than six-fold. Centene Corp cuts fiscal outlook and estimated second quarter loss. Forest Laboratories revised fiscal 2013 earnings guidance.

U.S., Global Markets Calmer and Shift Focus to Greece, Italy

Arthi Gupta
11 Jun, 2012
New York City

U.S. and global indexes rallied after euro zone finance ministers agreed to offer a preemptive Spanish bank bailout ahead of Greek election. Bond yields of peripheral euro zone nations barely budged indicating a lukewarm response. Chinese exports and economic data lifted commodities prices.

Skeptic European Bond Investors Question Spanish Loans

Devan Biswas
11 Jun, 2012
New York City

European markets surged after ministers in the region agreed to support Spanish bank bailout. Market euphoria was tempered as investors searched for details and worried of rising debt of Spanish government and bond yields barely budged.

Nikkei in Tokyo Rebounds 1.9% as Asian Markets Advance

Nigel Thomas
11 Jun, 2012
New York City

Stocks in Tokyo advanced after European leaders wasted no time in approving the request for Spanish bailout. The swift approval to head-off the widening crisis lifted stocks at least for today but also shifted venue to Italy and Greece. Nikkei surged 1.9% and TDK, Canon and Mazda led the gainers.

Euro Zone Offered

Devan Biswas
10 Jun, 2012
New York City

Euro zone finance ministers agreed to extend

Best 2012 Weekly Gain in S&P 500 Index

boris
08 Jun, 2012
New York City

Stocks in New York traded higher on rising hopes of a speedy bank bailout in Spain. The S&P 500 index

White House Urges European Leaders to Act, Trade Deficit Shrinks

Devan Biswas
08 Jun, 2012
New York City

Wall Street gained on the expectations of speedy approval for Spanish banking bailout. European markets closed higher. Chesapeake Energy plans to sell its pipeline infrastructure for $4 billion. President Barack Obama urged Greece not to leave the euro zone and asked European leaders to aid banks.

Talks of Spanish Bailout Gather Momentum

Arjun Dave
08 Jun, 2012
New York City

European markets closed lower but flirted with 1% decline as politicians, bankers and regulators work to finalize bank bailout in Spain. Trading volume across Europe fell in May as investors stay on the sidelines. The euro eased and commodities fell.

U.S. Movers: Chesapeake Energy, Cooper, McDonald's, Piedmont Natural Gas

Mukesh Buch
08 Jun, 2012
New York City

Chesapeake Energy plans to sell its midstream assets for $4 billion in cash. Cooper second quarter net surged 55% to $54.9 million and revised outlook. McDonald''s May same store sales growth slows. Progress Software issues second quarter guidance. Piedmont second quarter net rose 6% to $50.2 million

Market Update