ticker

U.S. Jobless Claims Drop 6,000; eBay Net Rises 13.6%

Arthi Gupta
20 Oct, 2011
New York City

The U.S. indexes traded sideways after debt talks in Europe were at a standstill and Greece strike extended for the second day. U.S. weekly jobless claims fell to 403,000. Autodesk agreed to acquire UK-based Micro Application Packages Limited. Philip Morris quarterly net rose 31%.

Germany Lowers 2012 Outlook; Swiss Surplus Rises

Arthi Gupta
20 Oct, 2011
New York City

The German government lowered its economic growth forecast for 2012 and lifted the outlook for the current year. Germany''s producer price index and Dutch jobless rate increased in September. Danish consumer sentiment but Swiss economic sentiment improved in October.

Second Day Strike in Greece; Spanish Banks Downgraded

Arthi Gupta
20 Oct, 2011
New York City

European indexes traded lower on worries that the sovereign debt crisis may drag longer than expected. Protests in Greece turned violent as the parliament debated before the final vote today on additional austerity measures. Top five Spanish banks were downgraded by Moody

Financials Drag S&P 500 Down 1.3%; Greece in Turmoil

Bikram Pandey
19 Oct, 2011
New York City

Stocks in New York trading turned lower as financials led the decliners. The euro weakened and Greece passed more austerity measures as 70,000 demonstrators gather in Athens. Commodities declined and oil fell 3% and copper dropped 5%.

U.S. Movers: Abbott, Apple, Intel, Morgan Stanley, Travelers, Yahoo

Mukesh Buch
19 Oct, 2011
New York City

Abbott Laboratories plans to separate into two publicly traded companies. Apple Inc fourth quarter net income rose to $6.62 billion. Intel Corp third quarter net income increased 17% to $3.5 billion. Morgan Stanley third quarter net earnings swung to $2.15 billion.

Nikkei in Japan Decline 0.4%; Thai Floods Race to Bangkok

Nigel Thomas
19 Oct, 2011
New York City

Stocks in Japan declined and traded volatile with the news flow from the euro zone. Olympus extended losses after chairman acknowledged payment to advisors that were higher than earlier disclosed. Thai floods devastate oldest industrial estate.

UK Indexes Rise; Home Retail Net Plunges 73%

Arthi Gupta
19 Oct, 2011
New York City

The UK indexes gained on the expectations of a larger European rescue fund. The BoE minutes showed policy makers were unanimous in expanding quantitative easing and holding rate at a record low of 0.5%. BSkyB quarterly profit fell 1.3% as investors resist attempts by Murdochs to control the company.

U.S. Housing Starts Soar 15%; CPI Increases 0.3%

Arthi Gupta
19 Oct, 2011
New York City

The U.S. indexes slumped in early trading after mortgage activity declined on higher interest rates. U.S. housing starts soared 15% and consumer prices rose in September. Morgan Stanley swung to quarterly profit.

German Growth Lowered to 3%; Euro Area Output Rises

Arthi Gupta
19 Oct, 2011
New York City

Euro area current account gap narrowed but construction output rose in August. The German economy estimated to slow to 3% growth in the current year. Iceland

Australian Stocks, Dollar Rebound; BHP Billiton Iron Ore Shipments Rise 11%

Marcus Jacob
19 Oct, 2011
New York City

Australian stocks closed higher on the hopes that the euro zone rescue fund will be increased in size. BHP Billiton said its iron ore shipments increased 11% in the quarter and impacts of the floods will linger till the end of the year.

Spain Suffers Another Downgrade; Greece Nearly Shutdown

Arthi Gupta
19 Oct, 2011
New York City

European indexes gained on optimism of a resolution to the sovereign debt crisis. Third credit rating agency lowered Spain''s credit rating and cited a lack of progress in debt resolution. Greek unions began a 48-hour strike to protest against further austerity measures.

Wall Street Rallies 1.8% on Euro Pact Optimism; France Under Scrutiny

Bikram Pandey
18 Oct, 2011
New York City

Stocks in late rally in New York soared on speculation that European rescue fund will be increased to

U.S. Stocks Rebound; Goldman Loss, Bank of America Swings to Profit

Nichole Harper
18 Oct, 2011
New York City

U.S. indexes turned positive and erased losses of 0.8% on the rising optimism about bank earnings and housing market. Bank of America reported better than expected earnings and Goldman Sachs lost money in the quarter as estimated. IBM

U.S. Movers: Bank of America, IBM, Goldman Sachs, Coca-Cola, UnitedHealth

Mukesh Buch
18 Oct, 2011
New York City

Bank of America third quarter net income swung to $6 billion. IBM third quarter net income rose 7% to $3.8 billion. Goldman Sachs reported third quarter net loss of $428 million. Coca-Cola third quarter net earnings rose 8% to $2.2 billion.

European Markets Extend Losses; German Survey Points to Recession

Devan Biswas
18 Oct, 2011
New York City

European markets extended losses for the second day as investors turned cautious after Germany cooled the expectations ahead of the economic summit this weekend. German survey showed a growing chance of a mild recession in the next two quarters. Milan judge rejected a court case against Berlusconi.

Market Update