ticker

S&P and Dow Fall 1.8%; U.S. Jobless Claims, Saudi and Spain in Focus

Bikram Pandey
10 Mar, 2011
New York City

U.S. indexes dropped 1.8% after weekly jobless claims rose and trade deficit increased more than expected. Market sentiment turned sour following the release of two economic reports and the resurfacing of the sovereign debt worries in Europe and a decline in Libyan oil production and Saudi protests.

U.S. Movers: Coldwater, Green Mountain, H&R Block, Buckle, Walgreen

Mukesh Buch
10 Mar, 2011
New York City

Green Mountain Coffee entered in to strategic relationship with Starbucks. Smithfield third quarter net income surged to $202.6 million. The Buckle quarterly net income rose 17.6% to $49.5 million. Catalyst Health will acquire Walgreens pharmacy benefit management business.

FTSE Plunges 1.7%; UK Retains Key Rate at 0.5%

Arthi Gupta
10 Mar, 2011
New York City

The UK indexes plunged after the Bank of England retained key rate at 0.5% and bond buying program. British manufacturing output rebounded and industrial production slackened in January and Irish inflation soared in February. Rio Tinto raised its conditional offer for Riversdale.

U.S. Jobless Claims Rise 26,000; Cumulus, Citadel in $2.4 Billion Deal

Arthi Gupta
10 Mar, 2011
New York City

U.S. indexes scaled lower after China reported a trade deficit. U.S. weekly jobless claims rose, trade deficit widened more than estimated and foreclosure filings declined. HCA Holdings raised $3.79 billion in IPO. Cumulus agreed to acquire Citadel Broadcasting for $2.4 billion.

European Indexes Falter after Spain Downgrade; BMW Net Surges

Arthi Gupta
10 Mar, 2011
New York City

European indexes fell after ratings agency Moody

Sensex Declines 0.7%; India's Exports Surge 50%

Devan Biswas
10 Mar, 2011
New York City

Stocks in Mumbai declined on a weakness in global markets and crude oil traded near recent highs. The latest read on inflation showed a decline in food prices. Exports in February increased 49.8% to $23.6 billion but trade deficit hovered near $8 billion.

Shanghai Drops 1.5% on China Trade Deficit; Auto Sales Rise 2.9%

Devan Biswas
10 Mar, 2011
New York City

Stocks in Shanghai fell after China reported its first monthly trade deficit in nearly a year as imports rose at a faster pace than exports. For the two months to February China slipped into a deficit. Automakers declined after February auto sales rose 2.9% from a year ago.

Nikkei Falls 1.5%; Exchanges in Tokyo and Osaka to Explore a Merger

Nigel Thomas
10 Mar, 2011
New York City

Tokyo indexes closed lower after China reported its first monthly trade deficit and Libya remained in focus. Japan revised its last quarter economic decline to 1.3% from the previous estimate of 1.1% fall. Tokyo Stock Exchange Group and Osaka Securities Exchange are reported to explore a merger.

Australian Index Drops 1.4%; Job Cuts Surprise Economists

Marcus Jacob
10 Mar, 2011
New York City

Australian indexes declined as markets in Asia fell and resource prices edged lower. Australian economy lost 10,100 jobs in February and inflation expectation declined according to a private survey. Rio Tinto lifts its conditional offer for Riversdale to $16.50 a share.

U.S. Movers: American Eagle, Navistar, Finisar, Children's Place, Visteon

Mukesh Buch
09 Mar, 2011
New York City

AeroVironment Inc increased 12% after it reported better than expected earnings. Finisar Corp dropped after it guided lower fourth quarter earnings. Children

UK Trade Deficit Narrows; Prudential Net Surges 112%

Arthi Gupta
09 Mar, 2011
New York City

The UK indexes slid after trade deficit narrowed, shop price inflation increased, and job growth accelerated. Rolls-Royce won order from Cathay Pacific for Trent 700 engines. Prudential and Tullow net surge.

World Markets Struggle on the Second Anniverasy of Bull Market

Bikram Pandey
09 Mar, 2011
New York City

U.S. markets struggled and European markets declined after crude oil prices gained. Uncertainty in Libya overshadowed worldwide trading. U.S. mortgage application rose to a one-year high. Exxon Mobil plans to increase capital spending this year 6% to $34 billion.

Market Update

S&P and Dow Fall 1.8%; U.S. Jobless Claims, Saudi and Spain in Focus

U.S. Movers: Coldwater, Green Mountain, H&R Block, Buckle, Walgreen

FTSE Plunges 1.7%; UK Retains Key Rate at 0.5%

U.S. Jobless Claims Rise 26,000; Cumulus, Citadel in $2.4 Billion Deal

European Indexes Falter after Spain Downgrade; BMW Net Surges

Sensex Declines 0.7%; India's Exports Surge 50%

Shanghai Drops 1.5% on China Trade Deficit; Auto Sales Rise 2.9%

Nikkei Falls 1.5%; Exchanges in Tokyo and Osaka to Explore a Merger

Australian Index Drops 1.4%; Job Cuts Surprise Economists

U.S. Movers: American Eagle, Navistar, Finisar, Children's Place, Visteon

UK Trade Deficit Narrows; Prudential Net Surges 112%

World Markets Struggle on the Second Anniverasy of Bull Market

U.S. Mortgage Applications Rise 16%, AIG Repays $6.9 B to Treasury

Portugal Bond Auction Raises

India Awaits Production Data; Reliance Comm Finalizes $1.9 Billion Loan