Ivaylo
05 Mar, 2007
New York City
European stocks dropped sharply on Monday, after suffering their worst week in four years, with investors facing concerns including mortgage lending in the U.S., the strength of the Japanese yen and Chinese stock valuations. U.S. stocks ended sharply lower on Friday, with about half the session losses coming after European markets had finshed. Asian markets also declined sharply. The German DAX Xetra 30 dropped 2%, the French CAC 40 fell 1.8% and the U.K. FTSE 100 lost 1.4%.
Ivaylo
05 Mar, 2007
New York City
Speculators continued to sell off gold and silver futures Friday, triggering sell stops. The market witnessed massive speculative liquidation in gold and silver. The behavior of precious metals prices this week has confounded investors. Copper also fell as well as the energy stocks. Corn, wheat and soybeans declined too.
123jump.com Staff
02 Mar, 2007
New York City
U.S. stocks moved lower, sinking gradually throughout the day as traders fretted about the possibility of a prolonged period of weakness in equities, as major indexes are now about 5% below their recent closing highs. Declining consumer confidence Technology stocks were among the most heavily traded, and some lost substantial ground. Advanced Micro Devices lost 4.1%, Intel fell 1.3% and Cisco Systems was down 1.6%. Gap reported a 35% decline in Q4 profit.Gold fell 5%, silver dropped 6%.
123jump.com Staff
02 Mar, 2007
New York City
Stocks fell, setting Wall Street on course for its worst week in more than four years, as the diminishing appetite for riskier assets fueled a further rout in global equity markets. The Dow Jones is trading near 1% lower. Technology stocks were among the stock market''s biggest gainers at the start of the year as investors bet on a profit recovery. Apple shares fell 1.9%, while shares of Qualcomm lost 1.6%.
Elena
02 Mar, 2007
New York City
European stocks closed down on Friday, failing to sustain earlier gains for the second session in a row. Markets turned in their worst weekly performance in 4 years, depressed by various concerns, including China''s economy and U.S. mortgages. Among companies in focus, Adecco fell 4.6%, Deutsche Telekom fell 2.4%, and the German SAP slipped 2.2%. The French CAC 40 dropped 0.6%, the German DAX 30 slipped 0.6%, and the U.K. FTSE 100 index closed a fraction of a percentage point higher.
Elena
02 Mar, 2007
New York City
U.S. stock markets showed willingness to stabilize and gained some ground in late morning trading after heavy losses at opening on the back of surging Japanese yen. The recovery by the major averages was largely contributed by strength in the computer hardware, airline, and retail sectors. Palm rose 8.3% on acquisition speculations, while Dell shares gained 1.7% even after posting Q4 earnings drop of 33% and issuing a downbeat outlook.
Elena
02 Mar, 2007
New York City
U.S. stocks started trading in the negative, dragged by the rallying Japanese yen vs. the dollar and more unfavorable news for supbrime lenders. American International Group helped limit losses, rising 2% after the insurance giant reported a jump in net income, an $8 billion share buyback and dividend plan. Subprime lender New Century Financial fell 2.5% as it delayed the filing of its quarterly profit.
Ivaylo
02 Mar, 2007
New York City
Asian markets closed mostly lower, with Japan dipping more than 1%, as the market extended losses after a week of declines, but HK and Shanghai bucked the trend on bargain-hunting. Japanese stocks fell on exporters on worries that the U.S. economy might be slowing. Shares in Shanghai rose as investors took to bargain large-caps while in Hong Kong, bargain-hunting for Chinese telecommunication stocks led shares higher.
Elena
02 Mar, 2007
New York City
U.S. stock futures pointed to a steeply lower opening on Friday, hurt by concerns over the dollar''s weakness versus the Japanese yen, and a downbeat outlook from Dell. The computer maker traded 3% down after reporting 33% profit decline in Q4. Novell shares dipped 3.9% in the pre-open after posting an unexpected quarterly loss and a 5% revenue decline.
Ivaylo
02 Mar, 2007
New York City
The Sensex lost almost 8% in the week. Today, high volatility gripped market, which moved in and out of positive territory, before finally plunging in late afternoon hours on a sell-off in large-caps. The decline was broad-based and even the drop in inflation could not inspire investors. Reliance Industries plummeted, as well cement and banking stocks. Hero Honda and Hindustan Lever led the few advancers, together with sugar stocks. Inflation declined to 6.05%.
Elena
02 Mar, 2007
New York City
Dell Inc. reported disappointing Q4 results, blaming weak sales of laptops and notebooks. The computer maker posted 33% net income drop to $673 million, or 30 cents per share, compared with $1.01 billion, or 43 cents a year earlier, as revenue fell 4% to $14.4 billion. The biggest revenue shortfall was in mobility products and desktop PCs, accounting for 58% of Dell''''s revenue.
Ivaylo
02 Mar, 2007
New York City
European stocks markets retreated from opening gains and turned lower, heading for weekly losses as turbulent trading resumed. Disappointing results from Adecco and Mediaset helped losses extend into a fourth day. Mediaset declined after downgrades, while Adecco reported revenue falling short of expectations. Frankfurt Xetra Dax was 0.5% lower, the CAC 40 in Paris fell 0.6% and London FTSE 100 slipped 0.2%.
Ivaylo
02 Mar, 2007
New York City
Late-day liquidation sent gold and silver futures lower Thursday, with the selling accelerating in silver when the market went through its previous lows and fell to its weakest level in a month. Gold continued to be buffeted by speculative liquidation. Both platinum and palladium declined, while energy stocks finished mixed as oil and gasoline gained while heating oil and natural gas lost.
123jump.com Staff
01 Mar, 2007
New York City
The global sell-off in stocks continued in the U.S. after the nation''s biggest mortgage lender warned of more delinquencies and the outlook for inflation and unemployment worsened. Gains in companies whose earnings are less reliant on economic swings helped keep the market from falling more. Utilities, led by Duke Energy Corp., gained the most. Oracle Corp. jumped on $3.3 billion stock buy-back. Dell reported earnings and sales that missed lowered estimates. Europe and Asia closed lower.
123jump.com Staff
01 Mar, 2007
New York City
Stock fell but recovering after deep declines that followed more losses in Asia and Europe, mixed economic data, comments from a Japanese official about yen carry trades and more concerns about the sub-prime lending industry. Motorola shares rose 2.3%.Oracle has agreed to buy Hyperion Solutions for $3.3 billion. Staples said fourth-quarter profit increased 22%.
