Market Update

U.S. Stocks Advance; Apple Net Soars 78%

Arthi Gupta
21 Jul, 2010
New York City

U.S. stocks trade higher after Apple Inc. third quarter net soared 78%. U.S. Senate extends unemployment benefits. IBM completes acquisition of BigFix. BP agrees to sell North America and Egypt asset deals with Apache.

Sensex Rallies; NMDC in $5 B Expansion

Chandrasekhar Atreya
21 Jul, 2010
New York City

Stocks in Mumbai gained for the first time in three days. NMDC plans to invest $5 billion in capacity expansion. Hindustan Media ventures closed 8% higher on its first day of trading. MMTC rises after fixing record date for stock-split and bonus.

China Stocks in 3-Day Rally

Chandrasekhar Atreya
21 Jul, 2010
New York City

Stocks in China region rallied for the third day in a row. State-owned companies first half profit surges 62%. China pledges to develop clean energy. Initial public offering in China raised record amount in the first half. China lifts the ban on yuan-dominated brokerage accounts in Hong Kong.

Stocks in Japan Fall on Stronger Yen

Chandrasekhar Atreya
21 Jul, 2010
New York City

Stocks in Japan fell after a stronger yen hurt export growth. The BOJ official says increasing financial market volatility is hurting the nation. Mitsubishi UFJ plans to acquire more U.S. banks. Toyota is subpoenaed again in U.S. Heat wave in Japan increases power demand.

Sydney Gains; NSW Treasury Sells Bonds

Chandrasekhar Atreya
21 Jul, 2010
New York City

Stocks in Australia rallied and traded higher. BHP Billiton fourth quarter iron ore output increases 16%. NSW Treasury Corp sells 20-year new bonds at 6%. Conquest Mining receives offers from two Chinese companies for 100% of its concentrate. Sundance shares resume trading.

U.S. Stocks Higher, Weak Housing Data

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

U.S. stocks struggled but stayed positive in the session despite the sharp fall in earnings at Goldman Sachs and continued weakness in the housing market. Yields on 10-year U.S. Treasury bonds hovered near 2.9%. European markets fell for the fifth day in a row.

Banks, Telecoms Drag UK Indexes

Arthi Gupta
20 Jul, 2010
New York City

The UK indexes trade lower after telecommunications stocks and banks led the decline. British Chancellor George Osborne aims at simplifying the UK tax system. The BoE reported net lending contracted in May. The UK public sector net borrowing declined but gross mortgage lending rose in June.

IBM, Goldman, J&J, Tupperware Fall

Mayank Mehta
20 Jul, 2010
New York City

Tupperware Brands Corporation led the decliners in the S&P 500 index with a loss of 15.2%. Harley-Davidson net income more than triples. Tupperware second quarter profit jumps 75%. IBM net rises 10% on slight sales increase. Marshall & Ilsley narrows loss.

European Indexes Lower, German Inflation Rises

Arthi Gupta
20 Jul, 2010
New York City

The European markets extended their fifth consecutive session of losses after Goldman Sachs reported quarterly earnings dropped 82%. The Bank of France Governor Christian Noyer urges EU members for drastic budget deficit cuts. German PPI rises in June. Spain completed

U.S. Stocks Slide; Goldman Net Falls

Arthi Gupta
20 Jul, 2010
New York City

U.S. stocks decline after Goldman Sachs reported an 82% decline in earnings. U.S. housing starts fall in June. Obama presses the U.S. Senate for extension of unemployment benefits. Goodrich and Mubadala Aerospace sign agreement to form landing gear joint venture in Abu Dhabi.

Sensex Drops; HDFC Bank Net Surges

Chandrasekhar Atreya
20 Jul, 2010
New York City

Stocks in Mumbai declined on mixed earnings. HDFC Bank first quarter net surges. Sesa Goa gains on strong first quarter result. Steel Authority plans to develop a deep water port on the east coast. Cropscience surges on the talks of property sale.

Sydney Rallies; Tropicana Gold Gets EPA Approval

Chandrasekhar Atreya
20 Jul, 2010
New York City

Stocks in Australia rallied and traded higher. Aberdeen plans to start a real estate-focused fund. Asia Iron gets regulator approvals to sell stake to China based CCMDIL. Iluka Resources

Nikkei Slips; Toyota Faces Prius Suit

Chandrasekhar Atreya
20 Jul, 2010
New York City

The benchmark index in Tokyo fell more than 1% on the weakness in the U.S. housing market. Toyota faces a patent suit in the U.S. for its hybrid car engine technology. Nissan resumes production at two plants in the U.S. Fast-Retailing and Toray sign a five-year agreement.

China Region Stocks Rally; Energy Use Surges

Chandrasekhar Atreya
20 Jul, 2010
New York City

Stocks in China region rallied more than 2% for the second day in a row. China

Builders Confidence Fall, U.S. Stocks Rise

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

U.S. stocks extended gains in the late trading despite fall in home builders confidence drop to one-year low. European markets decline on the bank stress test worries. Gold fell and crude oil closed nearly unchanged.