Login
Breaking News
Nvidia   Target Corp.   Dolby Laboratories   Onsemi   Home Depot   Walt Disney   StubHub   Applied Materials   Sweetgreen  

Market Update

Fed Repeats with No New Insights, Trading in New York Disrupted

Bikram Pandey
01 Aug, 2012
New York City

U.S. stocks turned lower after Fed statement failed to shed new light on the economy and the central bank did not offer any new measures to revive employment. Investors shifted attention to the European Central Bank anticipating specific steps to curb stress in sovereign bond market.

U.S. Movers - 2: Devon Energy, Exelon, Harley-Davidson, MasterCard

Sarla Buch
01 Aug, 2012
New York City

Devon Energy second quarter net tumbled 83% and Exelon net dropped 54%. Harley-Davidson second quarter net surged 30% and Macerich second quarter net swung to $133.4 million profit. MasterCard second quarter net surged 15% to $700 million.

Honda, Seiko Epson, Komatsu Fall on Earnings in Tokyo

Nigel Thomas
01 Aug, 2012
New York City

Stocks in Tokyo traded lower and domestic earnings dominated market sentiment. Honda Motor declined o weaker than expected earnings and Komatsu fell on weak outlook. Seiko Epson fell to a record low after it cut its guidance but NEC and Panasonic gained.

Global Manufacturing Slows, Maple Wins Control of Toronto Exchange

Arthi Gupta
01 Aug, 2012
New York City

U.S. indexes traded sideways after private sector employment exceeded expectations in July and manufacturing weakened in Europe and struggled in China. A private consortium of investors won control of Toronto Stock Exchange. Torchmark agreed to acquire Family Heritage for $218.5 million.

4-Day Rally in Australia Halts, Crown in $568 Million Perth Project

Marcus Jacob
01 Aug, 2012
New York City

Australian stocks halted a 4-day rally and the dollar closed flat in weak trading volume. Country Road agreed to acquire fashion retailer Witchery Australia for $172 million. Western Australia focused casino operator Crown plans to spend $568 million to build a luxury hotel in Perth.

U.S. Movers: Allstate, Comcast, Ecolab, Hanesbrands, Time Warner

Mukesh Buch
01 Aug, 2012
New York City

Allstate second quarter net swung to $423 million profit. Comcast net surged 47% to $1.35 billion. Ecolab second quarter net surged 47% and fiscal outlook narrows. Hanesbrands net tumbled 99% and Time Warner net declined 33%.

Europe Movers: BMW, Henkel, Societe Generale, Fresenius

Arthi Gupta
01 Aug, 2012
New York City

Societe Generale second quarter earnings slumped marked by a significant slowdown in economic growth in Europe. Standard Chartered first-half profit rose 11%. Fresenius quarterly group sales grew 20%.

Euro Area Manufacturing Recession Deepens, UK Inflation Eases

Arthi Gupta
01 Aug, 2012
New York City

European markets overlooked the weakening manufacturing in the euro zone and in Germany and focused on the central bank action as early as this week. Manufacturing recession deepened in the euro area with UK manufacturing at 38-month low in July. BMW quarterly net fell 28%.

Stocks Fall Ahead of Rate Decisions; Earnings Release Accelerate

Bikram Pandey
31 Jul, 2012
New York City

U.S. indexes closed down 0.4% and traded sideways ahead of the Fed decision tomorrow. Earnings release pace accelerated in the U.S., Europe, Japan and India.

U.S. Movers - 2: Arrow Electronics, Fiserv, NiSource, Tyco Intl.

Sarla Buch
31 Jul, 2012
New York City

Arrow Electronics second quarter net plunged 26.7% and Fiserv fourth quarter net surged 118% to $161 million. NiSource second quarter net surged 73% and Tyco International third quarter net declined 33% to $242 million.

U.S. Movers: Aetna, BP, Coach, Humana, Pfizer, Thomson Reuters

Mukesh Buch
31 Jul, 2012
New York City

Aetna second quarter net declined 15% to $457.6 million. BP plc swung to a quarterly loss and Coach fourth quarter net soared 24%. Humana net slipped 22.6% and Marathon Petroleum net soared 34%. Pfizer second quarter net surged 25% to $3.25 billion.

Tokyo Investors Digest a Barrage of Earnings

Nigel Thomas
31 Jul, 2012
New York City

Japanese investors faced a barrage of earnings from 270 companies. Panasonic reported seven-fold increase in operating income and Mitsui O.S.K. guided first half operating profit. Mitsubishi Electric earnings were ahead of expectations and Horikuku net jumped 58%.

Weekly Rise of 4.3% in Australian Index, Breville Group Up

Marcus Jacob
31 Jul, 2012
New York City

Australian stocks extended gains for the fourth day in a row and the benchmark ASX 200 index added 4.3% in the month. The dollar edged higher. Breville Group gained after it estimated full-year earnings growth of 40%.

U.S. Consumer Spending Flat, Home Price Index Falls

Arthi Gupta
31 Jul, 2012
New York City

U.S. indexes rose after better-than-estimated corporate earnings. Home price index declined 0.7% in May and U.S. personal income rose more than estimated in June. Valero, U.S. Steel, Cummins and Pfizer gained on better than expected earnings.

Europe Movers: Bayer, UBS, Metro and EDF

Arthi Gupta
31 Jul, 2012
New York City

Bayer, Deutsche, and UBS second quarter profit slumped. BP and Metro swung to quarterly loss. EDF first-half earnings rose.