Market Update

U.S. Slowdown Grips Investors Sentiment

123jump.com Staff
13 Aug, 2010
New York City

U.S. stocks traded sideways after retail sales and consumer price index increased in July. Yields on 10-year and 30-year bonds trade near record lows as bonds rise for the third week in a row. Crude oil declined. Benchmark indexes in the U.S. are down between 2% and 5% for the year.

Autodesk, Nvidia Rise; Nordstrom Falls

123jump.com Staff
13 Aug, 2010
New York City

Stocks edged lower in New York trading and nearly half the stocks in the Dow and the S&P 500 index declined. Nordstrom, Inc plunged 5% after it reported lower than expected earnings. Nvidia Corp gained 4% after quarterly loss widened.

UK Indexes Gain; Turbo Power Plummets

Arthi Gupta
13 Aug, 2010
New York City

The UK indexes gained a fraction after construction industry expanded. The increase in the construction spending may boost second quarter GDP. Aviva rebuffed RSA Insurance''s $7.8 billion offer for general insurance business. BP agreed to pay $50.6 million fine for Texas oil refinery explosion.

Euro-zone GDP Expands; Delhaize Slumps

Arthi Gupta
13 Aug, 2010
New York City

The European indexes pared early gains amidst concerns of global economic recovery. Euro-zone trade balance turned surplus of

Inflation, Retail Sales Data Drag Stocks

Arthi Gupta
13 Aug, 2010
New York City

U.S. stocks decline after CPI rose 0.3% and retail sales grew 0.4% in July. India may demand Google and Skype messaging services to comply with tighter monitoring as it tightens security measures. Nordstrom quarterly sales increased 12.7% and net surged 38.6%.

India Stocks Follow Profits at Adani, Tata Steel

Chandrasekhar Atreya
13 Aug, 2010
New York City

Stocks in Mumbai gained led after better-than-expected profits from Tata Steel and Adani. Bank of India plans to raise capital to increase its regulatory capital requirements. India gives two more weeks to Research in Motion Ltd to resolve security issues. Darjeeling tea prices surge 50%.

Stocks Struggle with 15-Year High Yen

Chandrasekhar Atreya
13 Aug, 2010
New York City

The steep rise in the yen continues to garner attention from stock investors and central bank policy makers. The yen is hovering near the fifteen year high against the dollar as Japanese corporation bring back earner profits from the U.S. Electricity generation in July climbs.

China

Chandrasekhar Atreya
13 Aug, 2010
New York City

Market indexes in China gained while in Hong Kong declined. China

Late Rally in Sydney Stocks

Chandrasekhar Atreya
13 Aug, 2010
New York City

Stocks in Australia gained after a late rally in mining stocks. Qantas Airways reports improvement in bookings from the domestic and Asia markets. AngloGold increases it gold output target. Atlas Iron is closer to acquiring Aurox Resources.

Economic Worries; Gold Up 1.5%

123jump.com Staff
12 Aug, 2010
New York City

U.S. stocks declined after jobless claims rose, yet another data point suggesting protracted economic recovery after trade deficit widened. Energy prices declined but gold rose more than 1% for the second day in a row. The European Central Bank estimated moderate growth in the euro area.

American Express Q2 Earnings Call Transcript

123jump.com Staff
12 Aug, 2010
New York City

The credit card service provider second quarter total revenues rose 13% to $6.86 billion. Net income in the quarter surged 202% to $1.02 billion helped by the strong performance in the U.S. Card Services division. Earnings per share rose to.84 cents as against 9 cents in the year-ago quarter.

UK Indexes Climb; Prudential Net Gains

Arthi Gupta
12 Aug, 2010
New York City

The UK indexes gained after GlaxoSmithKline won regulatory approval for ezogabine. UK mortgage possession claims eased in the second quarter. Irish CPI slackened in July. Centrica agrees to acquire Suncor gas assets for

Cisco, Estee Lauder Fall; Advance Auto Rises

123jump.com Staff
12 Aug, 2010
New York City

U.S. stocks traded lower and three popular indexes declined. Aegean Marine plunged as much as 23% after it posted lower than expected profit. Cisco dropped 10% after it missed revenues estimate. Semiconductor industry stocks declined.

European Indexes Fall; Q-Cells Soars

Arthi Gupta
12 Aug, 2010
New York City

The European indexes declined after U.S. weekly jobless claims rose and euro-zone industrial output dipped in June. The ECB estimated moderate growth in the euro area. Hungarian banks tightened household lending conditions.

U.S. Jobless Claims Rise; Cisco Net Surges

Arthi Gupta
12 Aug, 2010
New York City

U.S. stocks traded lower after weekly jobless claims rose 2,000 to 484,000. U.S. foreclosure filings fell in July. Apache completed acquisition of BP Permian Basin assets for $3.1 billion. Cisco said its quarterly profit soared 79% as sales rose 27%.