ticker

Stocks Decline on Weak U.S. GDP Growth Outlook; Horton, Penney Surge

Nichole Harper
26 Apr, 2013
New York City

Stocks on Wall Street eased after economic expansion in the first quarter fell short of expectations. European markets declined and pared 3% weekly rise after Spain sought to delay deficit trimming timetable by two years. George Soros disclosed 7.9% stake in J.C. Penney and D.R. Horton surged 20%.

U.S. GDP Growth Picks Up to 2.5% on Increase in Residential Investments

Nigel Thomas
26 Apr, 2013
New York City

U.S. gross domestic product expanded at slower than expected annual rate of 2.5% as the weakness in consumer spending, defense and inventories outweighed the surge in residential investments.

Weekly Advance of 3.5% in Indexes in Australia

Marcus Jacob
26 Apr, 2013
New York City

Australian markets traded flat in the afternoon but resource stocks led the gainers. In shortened trading week, the ASX 200 index advanced 3.5% after miners rallied and banks traded near 5-year highs.

U.S. Movers: 3M, Biogen, ConocoPhillips, Exxon Mobil, Intuit, Qualcomm

Mukesh Buch
25 Apr, 2013
New York City

3M first quarter net flat and Biogen net soared 41%. ConocoPhillips net tumbled 28% and Exxon Mobil net nearly flat. Qualcomm first quarter net soared 36% and Dow Chemical net jumped 28%. UPS first quarter net climbed 6.9%.

U.S. Stocks Advance, Weekly Jobless Claims Drop Near 5-Year Low

Nichole Harper
25 Apr, 2013
New York City

Market indexes in New York traded higher after weekly jobless claims dropped near the five-week low. On the earnings front, Akamai Technologies, Cliff Natural Resources and Exxon Mobile reported better than expected results.

Europe Movers: Admiral, Banco Santander, Taylor Wimpey, Unilever

Nigel Thomas
25 Apr, 2013
New York City

Admiral first quarter group turnover dropped 6% to

Nikkei Tempers Advance on Weakness in Canon, Nintendo and Shiseido

Hiruki Nakamura
25 Apr, 2013
New York City

In cautious trading, the benchmark Nikkei index gained and the yen inched higher. Nintendo, Canon and Shiseido declined on earnings disappointments but Japan Tobacco traded higher on better than expected current fiscal year outlook.

India Movers: Axis Bank, Gillette India, Hindustan Zinc Net Climb

Mukesh Buch
25 Apr, 2013
New York City

Axis Bank fourth quarter net climbed 21.8% and Gillette India third quarter net climbed 12.5%. Hindustan Zinc fourth quarter net surged 53.3% and L&T Finance net surged 21.8%. United Phosphorus net surged 37.9%.

U.S. Indexes Search for Direction After Durable Goods Orders Fell 5.7%

Nichole Harper
24 Apr, 2013
New York City

Broader market indexes struggled in search of direction after durable goods orders declined the most in seven months in March. Apple Inc reported better than expected earnings and revised its stock buyback plan and increased quarterly dividend by 15%.

Nikkei Advances 2.3% to a 5-Year High

Hiruki Nakamura
24 Apr, 2013
New York City

Nikkei extended rally and jumped 2.3%, the most in twelve days, after the yen resumed its slide and declined to a level close to 100-mark. Bank of Japan is scheduled to meet later in the week. JFE Holdings, Mitsubishi Motor and Canon gained on earnings.

Australian Stocks Extend Rally, Slower Rise in Inflation

Marcus Jacob
24 Apr, 2013
New York City

Australian stocks jumped for the second day in a row led by a recovery in mining and energy stocks. Australian consumer price inflation in the first quarter to March increased 0.4% and for the year jumped 2.5%.

U.S. Movers: Apple, AT&T, Eli Lilly, Ford, Hess, Boeing, P&G

Mukesh Buch
24 Apr, 2013
New York City

Apple second quarter net dropped 18% and Eli Lilly first quarter net surged 53%. Ford net climbed 14% and Hess first quarter net soared 134%. Boeing net climbed 20% and P&G third quarter net jumped 6% to $2.57 billion.

European Markets Extend Gains, Weak German Business Confidence

Jeffrey Gogo
24 Apr, 2013
New York City

Market indexes across the European Union gained despite for the second day weak economic data. German business confidence declined and UK retail sales dropped. In corporate profits, Daimler AG said operating profit shrank 56% and Credit Suisse reported a surge in net income.

Europe Movers: Barclays, Daimler, Fenner, Glaxo, Volkswagen

Nigel Thomas
24 Apr, 2013
New York City

Barclays underlying first-quarter profit swung to

U.S. Stock Rally Extend to Third Day on Earnings, Gloomy World Outlook

Nichole Harper
23 Apr, 2013
New York City

Stocks in New York traded higher for the third day in a row after solid earnings reports from Ameriprise, Dupont, Netflix, Travelers and United Technologies. New home sales increased 1.5% in March. On the economic front, the euro zone and China manufacturing outlook suggested weak economic activities.

Market Update