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Market Update

U.S. Movers: 99Cents, AAR, Cooper, Diamond Foods, Research In Motion

Mukesh Buch
16 Sep, 2011
New York City

AAR first quarter net income rose to $16.6 million. Cooper Industries updated outlook for the third quarter sales expected to increase 9% to 12%. Research In Motion second quarter net income declined to $329 million.

U.S. Indexes in 5-day Rally; Weekly Gain of 5.4% in S&P 500, 6.3% in Nasdaq

Bikram Pandey
16 Sep, 2011
New York City

U.S. and European index closed higher after European finance ministers decided not to offer any new stimulus measures. The S&P 500 index increased 5.4% and the Nasdaq index added 6.3% in the week. Both indexes gained for the fifth day in a row.

UK Households Confidence Improves; Aurelian O&G Slumps 60%

Arthi Gupta
16 Sep, 2011
New York City

The UK indexes rose ahead of a meeting of European finance ministers in Poland. The UK households

Nikkei in Tokyo Soars 2.3%; Hoosiers, Olympus Rise

Nigel Thomas
16 Sep, 2011
New York City

The Nikkei index in Tokyo soared 2.3% and markets in Asia gained more than 2% after four central banks coordinated to provide more short term dollar liquidity to European banks. Tokyo Electric Power declined 6%. Hoosiers Corp jumped its daily limit of 20.3% on earnings revision.

U.S. Stocks Search Bottom; RiM Plunges 23%

Arthi Gupta
16 Sep, 2011
New York City

U.S. indexes futures struggled and tech stocks were lower after Research in Motion Limited net plunged 59%. GE expanded presence in Russian healthcare and energy markets. General Dynamics won $1.8 billion contract for construction of two ships in the Zumwalt-class program.

Australian Index Up 1.9%; CBA, Paladin, Goodman Group Up

Marcus Jacob
16 Sep, 2011
New York City

The benchmark index in Australia jumped 1.9% and closed up 1.1% for the week. The coordinated move by four central banks lifted banks and resource stocks in Australia and markets in Asia. Property stocks were among the leading gainers.

Euro Area Surplus Climbs; Austrian GDP Growth Slows to 0.7%

Arthi Gupta
16 Sep, 2011
New York City

Euro area trade surplus increased but current account deficit widened in July. Europe

European Indexes Higher; Banks Rebound on ECB Action

Arthi Gupta
16 Sep, 2011
New York City

The European indexes traded higher. The euro area trade surplus increased to

U.S. Stocks in 4-day Rally; Central Banks Coordinate Dollar Liquidity

Bikram Pandey
15 Sep, 2011
New York City

U.S. extended gains for the fourth day in a row after four central banks offered dollar liquidity to European banks. Banks, energy and industrial companies led the gainers in New York and in Europe. The euro advanced. The euro zone unemployment rate was stable but Greek rate soared to 16.3%.

U.S. Movers: Ascena, Clarcor, Fundtech, Netflix, Pier 1, Marcus

Mukesh Buch
15 Sep, 2011
New York City

Clarcor third quarter income increased to $32.1 million. Fundtech received superior merger offer from GTCR. Netflix plunged after it trimmed its subscriber estimate by 1 million. Pier 1 second quarter net income rose 4.9% to $16.6 million.

Nikkei Jumps 1.8%; Foreigners Extend Sell-off to 7th Week

Nigel Thomas
15 Sep, 2011
New York City

Stocks in Japan rebounded on the euro zone optimism and tracking higher Asian markets. Exporters, ship liners and steelmakers led the advance. Banks also closed higher. The euro edged lower from the record low against the yen.

UK Indexes Soar 2.4%; Retail Sales Decline

Arthi Gupta
15 Sep, 2011
New York City

The UK indexes soared after France and Germany reaffirmed Greece

U.S. Jobless Claims Rise 11,000; Consumer Prices Up 0.4%

Arthi Gupta
15 Sep, 2011
New York City

U.S. indexes gained on the euro zone optimism. New unemployment claims in the U.S. rose to 428,000. The consumer price index for the U.S. rose 0.4% and foreclosure filings increased in August. Teradyne agreed to purchase LitePoint for $510 million.

Greek Jobless Rate at 16.3%; Switzerland Holds Rate

Arthi Gupta
15 Sep, 2011
New York City

Greek jobless rate rose to 16.3%. Euro area employment increased 0.3% in the second quarter but annual inflation remained stable at 2.5% in August. France estimated 2011 deficit at a record high of

Australian Index Up 1.7%; Retailer Myer Issues Cautious Outlook

Marcus Jacob
15 Sep, 2011
New York City

Stocks in Australia rebounded on the optimism surrounding the euro zone. Myer, the department store estimated 10% decline in the current year earnings on flat sales. Rio Tinto announced new investment of $833 million in Pilbara region.