Market Update

$64 Oil

123jump.com Staff
30 Nov, -0001
New York

In a day of at least four merger deals, market’s positive mood at the opening was dragged that of caution on rising oil prices. Oil at peak and close to $64 per barrel managed to put inflation fears back into the market. Nortel reported profit and stock up 12%. Home builders dive on fears of inflation. Energy and mining stocks rise.

Oil at Peak Takes Market Lower

123jump.com Staff
30 Nov, -0001
New York

In a day of at least four merger deals, market’s positive mood at the opening was dragged that of caution on rising oil prices. Oil at peak and close to $64 per barrel managed to put inflation fears back into the market. Nortel reported profit and stock up 12%. Home builders dive on fears of inflation. Energy and mining stocks rise.

Stocks Rise on Mergers

123jump.com Staff
30 Nov, -0001
New York

Market traded higher despite oil hitting a new record high Monday after the United States closed its embassy in Saudi Arabia on terrorism threat. Tech stocks offer some support on talk of Cisco considering a takeover of cellphone maker Nokia. Fed meeting is expected to lead interest rate hike by 25 basis points. This week's treasury auction will be closely watched to monitor the level of foreign Central Bank's participation.

Rising Oil, Merger Talks

albena
30 Nov, -0001
New York

Futures were higher despite oil hitting a new record high Monday after the United States closed its embassy in Saudi Arabia on terrorism threat. Tech stocks offer some support on talk of Cisco considering a takeover of cellphone maker Nokia. Fed meeting is expected to lead interest rate hike by 25 basis points. This week's treasury auction will be closely watched to monitor the level of foreign Central Bank's participation.

Earnings, Fed Meeting and Auction

123jump.com Staff
30 Nov, -0001
New York

Earnigs season as it eneters in the final week of peak period, market is likely to focus on earnings from Cisco, Dell, Nortel, Federated Department, and Target. Fed meeting is expected to lead interest rate hike by 25 basis points. This week's treasury auction will be closely wwatched to monitor the level of foreign Central Bank's participation.

Treasury Auction and Fed Fund Rates

123jump.com Staff
30 Nov, -0001
New York

Market is in the last week of heavey earnings season with 800 companies to release earnings. Dell, Cisco, Target, Federated Stores, Disney, Kohl's, Nortel, Mittal Steel, Four Seasons Hotels, Deutsche Telekom and others. The treasury auction this week will be closely watched for the level of participation from Central Bankers around the world.

Oil at Peak, Lowest Unemployment in 4 Yrs

123jump.com Staff
30 Nov, -0001
New York

Treasury’s return of 30-year bond to take advantage of the thin spread between long and short term bonds is still fresh in the market. Oil stays high and trades higher in the day as traders find every reason to push oil to a new high level. Strong employment level and lowest unemployment level since Sept 2001 will lead to more consumption in the second half. Baidu.com IPO jumps 350%.

Inflation Worries are Back

123jump.com Staff
30 Nov, -0001
New York

Treasury’s return of 30-year bond to take advantage of the thin spread between long and short term bonds is still fresh in the market. Oil stays high and trades higher in the day as traders find every reason to push oil to a new high level. Strong employment level and lowest unemployment level since Sept 2001 will lead to more consumption in the second half. In a busy IPO market five companies raised total of more than $800 million.

Stable Unemployment

123jump.com Staff
30 Nov, -0001
New York

Treasury’s return of 30-year bond to take advantage of the thin spread between long and short term bonds is still fresh in the market. Oil stays high and trades higher in the day as traders find every reason to push oil to a new high level. Strong employment level and lowest unemployment level since Sept 2001 will lead to more consumption in the second half.

Market Awaits Payroll Data

albena
30 Nov, -0001
New York

After Thursday's notable retreat, futures are higher early Friday morning ahead of the much anticipated July employment report due at 8:30 a.m. Monthly payrolls data will largely determine the course of early trading though too-strong jobs report could raise worries that the Fed may have to raise rates more than expected. The earnings calendar is comparatively light Friday.

Oil and Retailers Contribute to Profit Raking

123jump.com Staff
30 Nov, -0001
New York

After three positive days of trading market averages took a breather. Unemployment claims report, disappointing July retail sales and higher oil price led market decline. Teenage retailers remain star of the retail sales. Abercrombie, Urban outfitters, American Eagle keep taking market share away from Limited, Gap and other established store chains.

Lower Retail Sales

123jump.com Staff
30 Nov, -0001
New York

Teenage retailers remain the star of the retail sales report. Abercrombie, Urban outfitters, American Eagle keep taking market share way from Limited, Gap and other established store chains. Crude oil and gold is up but silver and copper is trading lower. Exxon Mobil's CEO and Chairman to retire at the end of this year.

Profit Taking

123jump.com Staff
30 Nov, -0001
New York

Teenage retailers remain the star of the retail sales report. Abercrombie, Urban outfitters, American Eagle keep taking market share way from Limited, Gap and other established store chains. Crude oil and gold is up but silver and copper is trading lower.

Monthly Retail Sales and Oil in Focus

albena
30 Nov, -0001
New York

Stocks are poised to open lower on Thursday, as some profit-taking is expected at opening after a slight recovery of the futures market on a couple of good results across Europe. With little economic news scheduled for today, trading may be dull ahead of July unemployment report due Friday. Investors are likely to refrain from taking positions as oil prices edged up. Same-store sales at Wal-Mart rise 4.4% in July.

Flat Market Awaits Economic Data

123jump.com Staff
30 Nov, -0001
New York

Whie broader market average S&P and Nasdaq stay near four-year highs, commodities oil, copper, silver and gold climb higher. Coroporate earnings continue to surpass expectations of most investors. In the coming days market will be looking for unemployment data on Thursday and Fed's decision on interest rate on Tuesday. Sara Lee, Pixar and Gillette are scheduled to release on earnings on Thursday.