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Market Update

Weak Tech Stocks Drive U.S. Indexes Lower

123jump.com Staff
29 Jul, 2010
New York City

Tech stocks were in focus in New York trading after earnings from Akamai, Nvidia and Symantec. Visa Inc, Tesoro Inc and Tyco International were the other leading decliners in trading. European markets closed higher after confidence index rose to 2-year high.

UK Indexes Climb; Home Prices Fall

Arthi Gupta
29 Jul, 2010
New York City

The UK indexes rise on strong earnings. The UK home prices fall in July, mortgage approvals decline and M4 money supply flat in June. UK government asks corporations to abolish fixed retirement age plan as of 2011.

Vistaprint, Akamai, Covance, Symantec Decline

Mayank Mehta
29 Jul, 2010
New York City

Brunswick Corporation led gainers in the S&P 500 index with a rise of 16.3%. Goodyear Tire swings to second quarter profit. Exxon Mobil earnings rise by $3.6 billion. Automatic Data Processing profit falls. Southwest Airlines'''' quarterly profit rises 23%. Motorola net jumps on 1.5% lower revenue.

European Indexes Up; Sanofi-Aventis Up

Arthi Gupta
29 Jul, 2010
New York City

The European markets soared after strong earnings and economic data. Euro-zone economic sentiment rises in July but household saving and business investment rate declines in the first quarter. German unemployment falls in July. Sanofi-Aventis and Siemens report net rises.

U.S. Stocks Gain; Motorola Net Surges

Arthi Gupta
29 Jul, 2010
New York City

U.S. stocks trade higher after positive global earnings trends. U.S. weekly jobless claims fall 11,000 to 457,000. BP agrees to pay $60 million in advance payments in August. Avis Budget submits bid for Dollar Thrifty. AstraZeneca gets regulatory approval for Brilinta.

India Tightens Telecom Security Rules

Chandrasekhar Atreya
29 Jul, 2010
New York City

Stocks in Mumbai fluctuated and closed higher. Soros plans to buy Dubai Holding

China Stocks Flat; ICBC Rights Offering

Chandrasekhar Atreya
29 Jul, 2010
New York City

Stocks in China rallied led by cement and steelmakers after the central bank said it will keep a loose monetary policy. ICBC is planning a rights issue. China ranks first in emerging countries for investment. Industrial accidents are on the rise in China.

Nikkei Slips; Retail Sales Growth Accelerates

Chandrasekhar Atreya
29 Jul, 2010
New York City

Stocks in Japan lost on weak durable goods orders from the U.S. Retail sales growth gained in June led by demand for cars and clothes. Rising transport need boosts shipping companies. Toshiba posts better-than-expected profit.

Sydney Slips; Westfield Dividend

Chandrasekhar Atreya
29 Jul, 2010
New York City

Stocks in Australia fell after Fed

U.S. Uneven Recovery; World Markets Firm

123jump.com Staff
28 Jul, 2010
New York City

U.S. stocks struggled after durable goods orders fell, another indication of slowing economic recovery despite healthy gains in corporate earnings. Boeing reported a decline in sales but health insurer Aetna lifted the annual outlook.

UK Indexes Slide; Apollo Raises Offer

Arthi Gupta
28 Jul, 2010
New York City

The UK indexes decline after disappointing earnings results. The BoE Governor Mervyn King said normalization of bank rates will take time. Home prices in England and Wales rise in June. Apollo Global raises offer to acquire Brit Insurance to

Broadcom, DreamWorks Gain; CVS, WellPoint Fall

Mayank Mehta
28 Jul, 2010
New York City

Sanmina-SCI Corporation led the decliners in the S&P 500 index with a loss of 16.9%. Aetna posts profit rise and lifts outlook. Aflac quarterly profit jumps 85%. Dominion net income more than triples.

European Markets Fall; Telefonica and PT Agree

Arthi Gupta
28 Jul, 2010
New York City

The European markets pare early gains after weak durable goods orders in the U.S. Euro-zone banks tighten credit standards. Moody

Sydney Gains; Macarthur Coal Sales Drop

Chandrasekhar Atreya
28 Jul, 2010
New York City

Stocks in Australia gained after consumer price index increased slower than expected. BlueScope Steel and Japan

Nikkei Gains 2.7%; Nippon Steel Sales Up 30%

Chandrasekhar Atreya
28 Jul, 2010
New York City

The benchmark index in Japan surged 2.7% on strong earnings both at home and abroad. Nippon Steel returns to profit in first quarter. Nissan Motor is planning to boost vehicle output in the U.S.