123jump.com Staff
08 Jun, 2007
New York City
Stock indexes rebound more than 1% after a three-day decline led by techs, banks and brokerage stocks. European markets closed lower tracking the early morning weakness in the U.S. trading. Late afternoon rally in New York was led by a failure of bonds to fall further. U.S. April trade deficit fell 6.2% to $58.5 billion. Deficit rose with all major trading partners in the month.
Elena
08 Jun, 2007
New York City
European stock markets closed lower Friday for a fifth consecutive session, pressured by continuous worries about the impact of higher interest rates. The downward trend was bucked by 1.5% rise in the shares of BNP Paribas which gained amid takeover speculations. Vodafone was among advancers for a second day in a row, moving up 1%. The U.K. FTSE 100 finished unchanged at 6,505.10, the German DAX Xetra 30 fell 0.4%, and the French CAC-40 slipped 0.1%.
Elena
08 Jun, 2007
New York City
U.S. stock market averages moved modestly higher, as investors turned to bargain hunting after recent weakness, with concerns about the outlook for interest rates still weighing. Some positive sentiment was generated by a notable decline by the price of oil. Shares of Royal Dutch Shell traded in the U.S. were among the leading gainers in the oil group, rising 1%. At the same time, gold stocks posted weakness amid a continuous drop by the price of gold.
Elena
08 Jun, 2007
New York City
Utility stocks recovered slightly as the yield on the 10-year Treasury retreated to 5.1%. Entergy Corp. rose 2.3%, while Constellation Energy Group fell 1.3%. Crude oil futures declined, sending oil shares down. Exxon Mobil lost 0.8% and Chevron stock fell 1.2%.
Elena
08 Jun, 2007
New York City
U.S. stock markets posted modest gains at opening on Friday on bargain hunting after three days of heavy losses. However, concerns about rising bond yields continued to take their toll. Following an improvement in the April trade deficit, the yield of the benchmark 10-year Treasury bond retreated from an overnight high of 5.25%. The Dow was led higher by McDonald''s which rose 2.35% after saying global same-restaurant sales rose 8.7% in May.
Elena
08 Jun, 2007
New York City
U.S. stock futures turned in a lackluster fashion on Friday, slightly recovering from steep losses recently. Rising bond yields and positive results from National Semiconductor were the pre-market highlights. National Semi climbed 9% in electronic trading on stronger-than-expected earnings. Rival companies Texas Instruments advanced 1.8% and chipmaker Maxim Integrated Products rose 2.7%.
Ivaylo
08 Jun, 2007
New York City
London is lower at mid-day Friday, tracking lower finish on Wall Street overnight and on weak mining sector. Stocks dipped, paced by Vodafone Group and Anglo American which led mining shares lower after copper declined in Asia. Oil large-caps bucked the downtrend and advanced on higher oil prices. The benchmark FTSE 100 Index declined 44.90, or 0.7%, at mid-day in London.
Ivaylo
08 Jun, 2007
New York City
Asian markets ended lower Friday with Japanese stocks dipping on poor economic data, while Shanghai finished higher, bucking the downtrend. Most other regional markets closed also lower tracking lower finish on U.S. markets on Thursday. In Japan, machinery orders for April advanced but missed expectations, which impacted sentiment. In South Korea stocks ended lower on profit-taking.
Elena
08 Jun, 2007
New York City
Kellwood Company reported Q1 net income decline to $7.4 million, or 28 cents a share, down from $9.2 million, or 36 cents a share a year ago. The quarterly earnings missed analyst expectations of 20 cents a share. The retailing company projected Q2 net income in the range of 37 to 39 cents a share.
Ivaylo
08 Jun, 2007
New York City
Volatility was the most conspicuous feature of the trading session on Friday. The market started lower on weak global markets, but then it surged into positive territory on a rally in IT stocks and tamer-than-expected inflation. Selling pressure in the final hour saw the index slump once more with Tata Steel and ACC the main decliners. Hindalco and Satyam led the few advancers. Wholesale price inflation rose less than expected in the period until May 26, in comparison with the previous week.
Ivaylo
08 Jun, 2007
New York City
European stocks declined on Friday as stock-market investors continued to be concerned about the implications of increasing global interest rates and higher bond yields, although shares in French bank BNP Paribas advanced as a report sparked takeover hopes for the group. By mid-day, the U.K. FTSE 100 index declined 0.5%, the German DAX Xetra 30 index lost 0.7% and the French CAC-40 index slipped 0.5%.
Ivaylo
08 Jun, 2007
New York City
The benchmark index recovered from the lows earlier in the session and is trading slightly lower in mid-afternoon Friday. IT stocks made gains on a weaker against the dollar rupee. Wipro, Satyam, Hindalco and Infosys are leading the gainers, while Tata Steel, HDFC and Tata Motors are leading the decliners. The market-breadth was very weak at the start of trading but gradually improved. India
123jump.com Staff
07 Jun, 2007
New York City
Inflation worries were back in European and American trading. Rising oil energy prices and bond market yields in the U.S. and Europe and worries of global inflation left major indexes on both continents sharply lower and dragged Latin markets as well. May same-store retail sales in the U.S.confirmed that consumers are careful with spending. Luxury retailers bucked the trend. Swedish market declined sharply, leading the world-wide sell-off.
Elena
07 Jun, 2007
New York City
European stock markets finished in the negative territory on Thursday, reflecting continuous worries over global interest rates. Solid gains posted by Vodafone Group failed to lift market sentiment. The mobile phone giant Vodafone Group rose 2.1%, while France Telecom lost 1.2%. The German DAX Xetra 30 slipped 1.4%, the French CAC-40 dropped 1.5%, while, the U.K. FTSE 100 fell 0.3%.
Elena
07 Jun, 2007
New York City
U.S. market averages moved steeply lower in late morning trading, pressured by mixed retail sales in May and interest rate concerns, sparked by the 10-year Treasury note which jumped over 5%. The Dow dropped 80 points, dragged by 3M Co., down 1.5%, Disney, falling 1.9%, Home Depot, down 1.2% and Pfizer, losing 1.1%. Among retailers, J.C. Penney fell 3.6% and Wal-Mart lost 1.5% on lower-than-expected same-store sales.
