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Market Update

Nokia, Fairchild Plunge; DSW, PetSmart, Rise

Mayank Mehta
15 Oct, 2009
New York City

Aptar Group fell on the quarterly sales decline of 11%. Shoe retailer DSW Inc surged after it lifted annual earnings outlook. Nokia plunged 11% after it reported a quarterly loss. Winnebago Industries quarterly loss surges.

Crude Oil 1-Year High Lifts U.S. Stocks

Mukesh Buch
15 Oct, 2009
New York City

Stocks in New York closed higher on an afternoon rally in energy complex stocks as crude oil futures close near one-year high. Banks closed lower. Bank of American chief will give up his bonus and salary for 2009.

Indiabulls Power IPO 22 Times Subscribed

123jump.com Staff
15 Oct, 2009
New York City

Stocks in India edged lower after a strong run in the last ten days. Indiabulls Power IPO receives 22 times bids on the last day of subscription. Euro Multivision trades lower 7% on its first day of trading.

Goldman Sachs Net Triples; Citi Swings to Profit

123jump.com Staff
15 Oct, 2009
New York City

Stocks in early hours traded sideways after the release of earnings from Goldman Sachs and Citigroup. Goldman net surged three-fold and Citigroup swung to quarterly profit. Jobless claims declined 10,000 and consumer prices increased at a slower pace in September.

U.S. Consumer Prices Rise Slower; Jobless Claims

123jump.com Staff
15 Oct, 2009
New York City

Jobless claims declined 10,000 and consumer prices increased at a slower pace in September. The index of consumer prices increased at a slower pace in September at 0.2% after rising at 0.4% in August. Prices are lower 1.3% form a year ago.

China Exports, Forex Reserves, Lending in Focus

123jump.com Staff
14 Oct, 2009
New York City

September exports from China fell at a slowest pace in a year as shipments to EU and US recover to a one-year high. Bank of China reported a sharp rise in lending in the nine months. Foreign exchange reserves in China surge to twice the level of Japan.

Strength in Japanese Stocks on Economic Views

123jump.com Staff
14 Oct, 2009
New York City

Stocks in Japan are expected to trade higher after a worldwide rally lifted stocks. Commodities and crude oil prices gained. Banks in Japan traded lower as the government plan offers loan moratorium to small businesses. Consumer confidence advances for the ninth month in a row.

Australian Dollar, Stocks Gain on Commodities

123jump.com Staff
14 Oct, 2009
New York City

Rally in Australian and Asian markets spread to Europe and Americas as commodities prices advance and investor sentiment improve. Better than expected economic data in the U.S., China and UK lifted worldwide sentiment.

World Markets Rally; Nasdaq, Brazil Lead

123jump.com Staff
14 Oct, 2009
New York City

U.S. stocks rallied on the back of global markets strength and the release of retail sales, inventories and price indexes of imports and exports. Strong earnings played a key role in improving sentiment and a smaller decline in exports from China also bolstered worldwide sentiment.

European Markets Up, Credit Agricole Repayment

Mayank Mehta
14 Oct, 2009
New York City

European markets gained on the earnings optimism, improved outlook on the global economy and labor markets in the region. Credit Agricole SA plans to repay

UK Stocks Resume Advance; Burberry Rises

123jump.com Staff
14 Oct, 2009
New York City

UK stocks resumed their advance on the back of a rise in commodities prices. Unemployment rate increased to 7.9% in the three months to August. The pound edged higher. Burberry increased after it reported 6.1% increase in first half sales. Punch Taverns plunged 13% on a net loss.

CSX, Harley Davidson, Conseco Surge

123jump.com Staff
14 Oct, 2009
New York City

Auto dealers gained after Group 1 Automotive estimated higher than expected third quarter earnings. CSX, Intel, JP Morgan advanced after the earnings release. Harley Davidson gains on an analyst upgrade. China and India based ADRs gained on a region rally in Asia.

Earnings Propel Stocks in India; HDFC Rises

Mayank Mehta
14 Oct, 2009
New York City

Industrials and infrastructure related stocks advanced in India after positive comments from policymakers and better than expected earnings. HDFC, HDFC Bank, Bajaj Auto Finance and Indus Bank reported higher than expected earnings. Rupee edged higher ahead of Diwali celebration.

Stocks Rise on Retail Sales; Intel, JP Morgan Up

123jump.com Staff
14 Oct, 2009
New York City

Stocks in early trading in New York increased after the earnings release from Intel, JP Morgan Chase and CSX. China reported smallest decline in exports in September lifting commodities and crude oil prices higher.

Bloomberg Acquires Business Week Magazine

123jump.com Staff
13 Oct, 2009
New York City

McGraw Hill agreed to sell weekly newsmagazine Business Week and the namesake Web site to Bloomberg LP. The first acquisition of financial newswire company is likely to expand its reach into management and business executives.