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U.S. Movers: Avnet, Cree, Macy's, Polo Ralph, Rovi, Walt Disney

Mukesh Buch
10 Aug, 2011
New York City

Capital One agreed to acquire HSBC

UK Growth Outlook Lowered; Interserve, Standard Life Net Rise

Arthi Gupta
10 Aug, 2011
New York City

The UK indexes slumped after the Bank of England trimmed its growth and inflation outlook. UK riots expand to three more cities on the fourth day. Ireland industrial production declined in June and new car registrations fell in July. Standard Life first-half net revenues rose 7.4% to £5.24 billion.

Nasdaq, S&P 500 Plunge 3%; Polo Ralph Lauren Net Surges 52%

Arthi Gupta
10 Aug, 2011
New York City

U.S. indexes plunged 3% after the Fed guided low rates for two years and announced no new measures to lift the economic growth. U.S. mortgage applications surged to 21.7%. Capital One agreed to acquire HSBC’s domestic credit card business for $2.6 billion. Macy''s earnings soared 64%.

Nikkei in Tokyo Rises 1%; Yen Firms

Nigel Thomas
10 Aug, 2011
New York City

Stocks in Japan traded higher after the U.S. Federal Reserve left its key lending rate near zero and guided low rates for another two years. Exports linked stocks were lower as the yen firmed up. Sony confirmed that rioters burned down one of its warehouses in London.

European Indexes Up; Commerzbank Net Down 93%, Nestle Net Falls 16%

Arthi Gupta
10 Aug, 2011
New York City

European indexes rebounded after a week of chaotic trading. The IEA lowered its 2011 global oil demand growth forecast. The SNB lifted banks'' sight deposits to curb franc appreciation. E.ON planned slashing about 11,000 jobs and Nestle first-half net fell 16%.

German Inflation at 2.4%; French Industrial Output Falls

Arthi Gupta
10 Aug, 2011
New York City

French industrial output fell and current account deficit narrowed in June. German annual inflation was at 2.4% and Portugal inflation eased to 7-month low in July. Norwegian factory price inflation was 16.1% in July.

Australian Index Rally 2.6%; Asian Markets Up

Marcus Jacob
10 Aug, 2011
New York City

Australian stocks soared following a strong rebound in Asian markets tracking gains in overnight trading in New York. The broad rally lifted resources linked stocks, banks and retailers. China trade surplus rose to a record high in 30 months.

Late Rally Lifts S&P 500 by 4.8%; Fed Lowers Economic View

Bikram Pandey
09 Aug, 2011
New York City

U.S. stocks bounced between gains and losses of 2% or more after the Fed held its key lending rate and guided low rates till mid-2013 and did not announce new measures to lift economic growth. Gold traded above platinum for the first time in three years. AOL Inc plunged 30% to a record low.

U.S. Indexes Rebound More than 2%; Gold, Oil Gain 1.3%

Bikram Pandey
09 Aug, 2011
New York City

The S&P 500 and the Nasdaq soared as high as 3.5% ahead of the Fed meeting this afternoon. The confidence was recovered after stocks fell the most in 32 months but trading volume lagged market expectations. European markers rebounded and oil and god gained.

U.S. Movers: AOL, DISH Network, EchoStar, Ralcorp, Sempra Energy

Mukesh Buch
09 Aug, 2011
New York City

AOL reported second quarter net loss shrank 99% to $11.8 million. DISH Network second quarter net income increased 30% to $335 million. EchoStar second quarter net income swung to $18 million. Sempra Energy second quarter net income rose to $511 million.

European Markets Close Positive; Euro Drops

Bikram Pandey
09 Aug, 2011
New York City

European markets rebounded after dropping as much as 3% in the morning. The sharp reversal in New York trading ahead of the Fed meeting lifted the sentiment. Belgium based insurance and banking group KBC reported higher than expected earnings. London riots continue for the third day.

Bargain Hunting Lifts Nikkei to 1.7% Fall; Tepco Loss

Nigel Thomas
09 Aug, 2011
New York City

Stocks in Japan plunged for the third day and extended three day losses to 7.4%. The Nikkei index plunged as much as 4.8% in the morning trading but managed to rebound at close down 1.7%. The broader Topix wiped out all the gains since the rebound after the triple disaster in March.

Australian Indexes Up 1.2%. Market Reverses 5.5% Plunge

Marcus Jacob
09 Aug, 2011
New York City

Australian stocks defied region-wide plunge and rebounded from the earlier plunge of 5.5% to close up 1.2%. The sharp reversal was driven by a broad buying and after China reported weaker than expected inflation in July. Gold soared but crude oil dropped 4.5%.

Market Upheaval: S&P Down 6.7%, Oil Down 7%, Gold Up 4.2%

Bikram Pandey
08 Aug, 2011
New York City

The S&P 500 index plunged 6.6% and the Nasdaq dropped 6.9% after investors reacted on the first day after the debt downgrade. The indexes extended losses of more than 7% last week and are bracing for more correction tomorrow morning. Gold added 4.3% and oil declined 4.5%. European markets fell 4%.

U.S. Movers: Dollar Thrifty, Quicksilver, Tyson Foods, United States Cellular

Mukesh Buch
08 Aug, 2011
New York City

BroadSoft reported second quarter net income of $15.8 million. Quicksilver second quarter net income rose to $109 million. Tyson Foods third quarter net income fell to $196 million. Transatlantic Holdings confirmed a bid from Berkshire Hathaway Inc. to acquire all outstanding shares for $52 each.

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