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Market Update

Tokyo Movers: Canon, Fanuc, Nintendo, Nissan and Nomura

Nigel Thomas
26 Jul, 2012
New York City

Stocks in Japan rebounded after short sellers completed most of the selling earlier in the week. Nissan quarterly profit declined 15% and stronger yen took a bite from the earnings. Fanuc gained after it reaffirmed first half outlook. Nintendo reported narrower loss.

U.S. Movers: 3M, Colgate-Palmolive, Exxon, Kimberly-Clark, Raytheon

Mukesh Buch
26 Jul, 2012
New York City

3M second quarter net edged up to $1.17 billion.Colgate-Palmolive second quarter net edged up 0.8% to $627 million. Dow Chemical net soared 73.5% to $982 million and Exxon Mobil second quarter net soared 48.6% to $15.9 billion.

U.S. Movers: CR Bard, Delta Air Lines, Hess, Southern, WellPoint

Mukesh Buch
26 Jul, 2012
New York City

CR Bard swung to second quarter profit and Delta Air Lines to $166 million loss. Hess second quarter net slid 9.6% on lower oil prices. Motorola Solutions operating earnings surged 75%.

Australian Stocks Higher; Sirius Soars, Coles Lifts Wesfarmers

Marcus Jacob
26 Jul, 2012
New York City

Australian stocks closed higher as investors focused on domestic earnings. Sirius Resources soared eight-fold and trading surged 100-fold after the company reported progress in mineral exploration. Caltex closed its refinery in Sydney.

U.S. Durable Orders Rise, Jobless Claims Fall; Exxon Net Soars 49%

Arthi Gupta
26 Jul, 2012
New York City

U.S. indexes advanced after durable goods orders increased in June and weekly jobless claims fell more than anticipated. United Technologies agreed to sell industrial products businesses for $3.46 billion. Exxon quarterly net soared 49%.

Europe Movers: Santander, Shell, Siemens, Unilever

Arthi Gupta
26 Jul, 2012
New York City

Banco Santander quarterly net plunged 93% and PUMA earnings fell 29%. BASF confirmed its outlook for growth in fiscal 2012. Unilever first-half revenues increased 11.5%.

European Indexes Lower, Italian Debt Rating Lowered

Arthi Gupta
26 Jul, 2012
New York City

The European indexes fell on the speculation that Greece may not meet its deficit target. Moody''s changed outlook on 17 German banking groups to negative. Italy sold

Tech Stocks Weak, New Home Sales Fall; World Markets Ease

Bikram Pandey
25 Jul, 2012
New York City

U.S. stocks turned negative in a choppy session. Technology stocks were weak after a decline in Apple and Netflix. New home sales dropped at 8.4% annual rate in June. Outlook in Europe darkened after UK reported deeper than expected economic decline.

U.S. Movers: Apple, Boeing, Caterpillar, ConocoPhillips, Ford

Mukesh Buch
25 Jul, 2012
New York City

Boeing second quarter revenue surge 21% and net rose 3% and backlog was valued at $302 billion. Caterpillar net jumped 67% and lifted fiscal outlook and ConocoPhillips second quarter net declined 33% on spin-off and weak oil prices. Ford second quarter net plunged 57%.

Nikkei in Tokyo Turns Negative for the Year

Nigel Thomas
25 Jul, 2012
New York City

Stocks in Tokyo traded lower and the Nikkei index fell to its lowest in the year. The index is down 1.1% in the year so far on the worries that a new round of economic stimulus in the U.S. may strengthen the yen. Tech stocks declined after Apple earnings were below expectations.

U.S. Movers: ACE, Bristol-Myers, Eli Lilly, General Dynamics, Norfolk

Mukesh Buch
25 Jul, 2012
New York City

ACE second quarter net tumbled 44.8% and Bristol-Myers declined 28% on patent expiration. Eli Lilly second quarter tumbled 23% and lifted fiscal guidance. General Dynamics net fall and revised lower outlook.

Australian Core Inflation Falls, Miners Decline

Marcus Jacob
25 Jul, 2012
New York City

Australian indexes declined as China was added to the list of worries in the euro zone. The dollar eased and resources linked companies traded lower. The latest data on the June quarter inflation showed a decline in core inflation.

German Confidence Falls, UK Economy Contracts

Arthi Gupta
25 Jul, 2012
New York City

The European indexes traded higher and German business confidence fell more than estimated in July. The UK economy contracted in the second quarter. Cheung Kong led consortium agreed to buy MGN Gas Networks for $1 billion.

U.S. Indexes Sideways, PepsiCo Net Falls 21%

Arthi Gupta
25 Jul, 2012
New York City

U.S. indexes traded sideways after Apple Inc missed earnings forecast. Ford and PepsiCo reported quarterly declines in earnings but Boeing net rose 3% in the quarter.

Apple Drops 6%, Netflix Plunges 11%

Devan Biswas
24 Jul, 2012
New York City

Apple Inc dropped as much as 6% in aftermarket trading after it reported lower than expected earnings. Netflix plunged 14% after it estimated a quarterly loss.