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Market Update

SanDisk, Avery Fall; Amazon, Microsoft Rise

Mayank Mehta
29 Jan, 2010
New York City

SanDisk dropped after it estimated lower than expected sales in the current year. Amazon.com Inc earnings surged 71% on 42% higher sales. Chevron Corp profit declined 37%. Microsoft quarterly net surged 60% to $6.6 billion.

Corning Inc. Q4 2009 Earnings Call Transcript

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

sales rose 41.6% to $1.53 billion and net income rose 197% to $740 million or 47 cents a share. gross margin was 42.4% compared to 40.5% in Q3. Equity earnings were $461 million in the fourth quarter compared to $418 million in Q3.

U.S. Indexes Up; GDP, Earnings Boost Sentiment

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

U.S. stocks gained after the economy expanded at the fastest pace in the fourth quarter in six years. Stocks also responded to better than expected earnings from Amazon.com and Chevron. SanDisk, Microsoft and Avery Dennison declined.

U.S. Economy Grew at 5.7%; Inventory Rebuilding

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

The U.S. economy expanded at 5.7% in the last quarter of 2009 as businesses rebuild inventories. Consumer and business spending remained sluggish and inflation measure was within the target range set by the Fed. Weak job market has curbed the consumer spending.

EU Unemployment Rises to 10%

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

World markets are still holding out for the prospect of global economic recovery. Asian markets indexes closed mixed with a negative bias and the indexes in Europe edged higher. Unemployment in the Euro zone increased to 10% in December.

McDonald

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

McDonald

Goldman Sachs Q4 Earnings Call Transcript

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

The financial services firm reported net quarterly revenue of $9.6 billion. Net quarterly earnings were $4.9 billion as revenue surged in its investment banking and trading and principal investments segments. The company earned $8.20 a share compared to a loss of $4.97 a share a year-ago quarter.

U.S., World Markets Nervous; Nasdaq Down 1.9%

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

U.S. indexes closed lower with tech stocks leading the decliners. Senate reappointed Ben S. Bernanke for a second term as chairman of the Federal Reserve. European markets declined on the worries that Greece may face difficulties balancing its budget.

Senate Confirms Bernanke; 70-30 Vote

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

The U.S. Senate confirmed the appointment of Ben S. Bernanke for the second four-year term as chairman of the Federal Reserve with the smallest margin ever. The 70-30 vote was only preceded by a 1983 vote to reconfirm Paul Volcker with 84-16 vote.

Netflix Soars; Qualcomm, Motorola Fall

Mayank Mehta
28 Jan, 2010
New York City

T. Rowe Price Group reported a surge in earnings and revenues as markets rebound. Qualcomm Incorporated led the decliners in the S&P 500 index with a loss of 13.8%. 3M Co fourth quarter net rises. AT&T Inc profit leaps 26% on gains in the wireless division. Textron Inc posts narrower losss.

UK Markets Lower; BSkyB Up, AstraZeneca Down

Mayank Mehta
28 Jan, 2010
New York City

UK stocks closed lower as the weakness in resource stocks and banks overshadowed better than expected earnings from BSkyB. AstraZeneca reported weaker than expected earnings and lower than expected outlook for the year. Christie

European Indexes Lower; Nokia, H&M Surge

Mayank Mehta
28 Jan, 2010
New York City

European indexes closed lower and Nokia and H&M reported better than expected earnings. Nokia surged more than 12% and H&M soared 8%. Bouygues to price

Jobless Claims Fall, Durable Goods Orders Rise

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

U.S. stocks traded higher after weekly jobless claims declined and durable goods orders increased. President Obama focused on job creations and asked Congress to provide more economic stimulus. E*Trade, Netflix, Qualcomm and Symantec quarterly sales rise.

China Region Stocks Rebound on Earnings

Darlington Musarurwa
28 Jan, 2010
New York City

Stocks in Shanghai increased on the optimism that the U.S. efforts to increase jobs and stimulate economy will increase exports. Stocks rebounded from their lows in the last two weeks. Cathay Pacific expects rise in first quarter passenger numbers.

India Awaits RBI Rate Views; Food Prices Surge

Mayank Mehta
28 Jan, 2010
New York City

Investors were on hold ahead of RBI announcement tomorrow. Inflation worries are dragging market sentiment as wholesale price index hovers near record high. Tata Steel quarterly sales increased 33% and net profit gained 155%.