Elena
31 Aug, 2007
New York City
U.S. stock futures pointed to a sharply higher opening Friday, boosted by optimism that Chairman Ben Bernanke will give a clue about interest rate cuts in his speech. Investors were also optimistic because President Bush is expected to announce strategy to aid borrowers struck by the housing market slump to keep their homes. Mortgage lender Countrywide Financial surged 6.3% in the pre-open. Traders also digested data on personal income and spending.
Elena
31 Aug, 2007
New York City
According to preliminary results released after the closing bell Thursday, Dell
123jump.com Staff
30 Aug, 2007
New York City
Volatility is driving away investors around the globe. U.S. market inflicted volatility has driven investors away from trading in the U.S., Japan, Germany, India, and Australia. In New York, investors sought refuge in tech stocks lifting Cisco, Dell, AMD, and Intel. Brokerage stocks fell after Lehman lowered earnings on Goldman, Morgan Stanley, and Merrill Lynch. Freddie Mac earnings plunged 45%. Thornburg Mortgage sells $500 million of convertible stocks. European markets closed higher.
123jump.com Staff
30 Aug, 2007
New York City
Stocks in Londod traded higher after the markets in Europe and U.S. rebounded. Diego reported lower earnings for the year but forecasted better times. Central Mining fell 17% after the government of Congo revoked its mining permit. The Bank of England lent 1.6 billion pounds at penalty rate of 6.75% to an unnamed lender. Home lenders in UK approved 115,000 loans in July. Mortgage lenders in the U.K. are tightening approval process and increasing rates.
Elena
30 Aug, 2007
New York City
European stock markets finished in the positive Thursday, boosted by strength in the tech and energy sectors ahead of Chairman Ben Bernanke
Elena
30 Aug, 2007
New York City
U.S. market averages erased some of the earlier losses to turn mixed in late morning trading, as slightly weaker-than-expected GDP report raised hopes that the Fed Reserve will reduce interest rates in the near future. Financial stocks posted significant losses on continuous concerns about credit markets, while oil and tech stocks moved to the upside. Among tech stocks, Dell rose 2% ahead of quarterly earnings release after the closing bell.
Elena
30 Aug, 2007
New York City
Weak quarterly earnings from Freddie Mac and H&R Block built on troubles in mortgage lending. H&R Block fell 2% after it said its Q1 loss widened compared with last-year figures as it struggled with its mortgage lending arm. Mortgage giant Freddie Mac posted Q2 net income drop of 45% mainly due to a higher provision for credit losses. The stock slipped 3.3%.
Elena
30 Aug, 2007
New York City
Wall Street opened sharply lower, reflecting profit-taking and nervousness ahead of Fed Reserve Chairman Ben Bernanke''s speech Friday. Financial stocks moved top the downside after Lehman Bros cut its profit estimates for 2007 and 2008. Lehman also reduced its earnings estimates for Wall Street''s top investment banks. Following the news, Goldman Sachs fell 1.5%, Morgan Stanley lost 2% and Merrill Lynch dropped 1.4%.
123jump.com Staff
30 Aug, 2007
New York City
Market averages in India scaled higher led by strength in banks, media, and industrial companies. ahead of inflation report, investors speculated that interest rates are not likely to rise in the near future. Infosys plans to raise billing rate between 3% and 5% for its software services. Tata Steel jumps after reporting higher sales and earnings. Mahindra & Mahindra is exploring Jaguar and Land Rover purchase. UB Group and NDTV are in 100 crore rupee advertising deal.
Elena
30 Aug, 2007
New York City
U.S. stock futures pointed to a weak opening Thursday after prior session
123jump.com Staff
30 Aug, 2007
New York City
In Tokyo trading market averages rebounded reflecting advances in the U.S. and Europe. Exporters, trading companies, and mining and metals companies led the rally. Japan retail sales in July declined 2.2% dragged by lower sales in apparel, automobiles, and machinery. Japan proposes to hike consumption tax. Mitsubishi Corp led the index stocks with a gain of 6.6% followed by Showa Shell, Nippon Mining, and NSK Ltd.
Elena
30 Aug, 2007
New York City
Jewelry retailer Zale Corp. swung to a Q4 profit from a year-earlier loss although revenue and same-store sales fell 0.5%. Zale posted profit of $1.5 million, or 3 cents a share, compared with a loss of $27.4 million, or 57 cents a year ago. Another jewelry retailer, Tiffany & Co. reported Q1 net income drop of 10% to $37 million, or 26 cents a share, down from $41.1 million, or 29 cents a share last year.
123jump.com Staff
29 Aug, 2007
New York City
It was a volatile day for the second day in New York trading. Tech stocks led the averages higher after a day when brokerages led the stocks lower. Nasdaq led three popular averages with a rise of 2.5%. Every stock in the 30 stock Dow Jones index gained today. Yesterday all stocks in the index fell. In the S&P 500 index 97% jumped higher today after 96% fell in yesterday trading. Brazil and Argentina led Latin markets.
123jump.com Staff
29 Aug, 2007
New York City
UK stocks recovered on the back of rising earnings, positive trading sentiment, and rising averages in other markets i Europe. Whitbred, Antofagasta, and PartGaming reported better than expected earnings. The Land Registry said that home prices rose 0.1% in July across England and Wales but rose faster in London. Average home in Londod cost 343,000 and in England 181,500 pounds. Financials and miners led the index FTSE 100 stocks.
Elena
29 Aug, 2007
New York City
European stock markets reversed from earlier losses to close in the positive on Wednesday. Gains followed a rebound in sentiment throughout markets as well as upbeat leisure sector results. Nokia stood out among gainers with an advance of 6.4% after announcing a new online music and games service. Meanwhile, health-care stocks Roche Holding and Merck KGaA helped limit gains. Across regional markets, the U.K. rose 0.5%, followed by France, up 0.4% and Germany which finished unchanged.
