123jump.com Staff
01 Feb, 2007
New York City
Market averages closed higher led by energy, retail and industrial sectors. December personal spending rose 0.7% and income gained 0.5%. The report helped retail stocks to jump in the afternoon trading. Exxon Mobil reported a record profit of $39.5 billion in fiscal 2006 but the fourth quarter earnings fell 4%. Crude oil and natural gas fell after a government report showed a smaller-than-expected draw down from inventories. Gold prices in New York climbed to the highest in almost six months.
Elena
01 Feb, 2007
New York City
European stocks closed higher on Thursday, boosted by corporate news from major European companies and comments from the U.S. Fed Reserve which quelled inflation fears. Royal Dutch Shell shares rose 1.9% after it reported a 21% Q4 profit rise. Among health care stocks, GlaxoSmithKline rising 1.5%, while AstraZeneca rose 2.2%. The U.K. FTSE 100 index climbed 1.3%. The French CAC-40 rose 1% and the German DAX 30 rose 0.9%.
Elena
01 Feb, 2007
New York City
U.S. stocks traded moderately higher, helped by optimism about corporate profits and data showing strong consumer spending. Tech stocks got a boost from Dell, rising 4% on management change. Meanwhile, Google weighed on the sector with a drop of 2.6%. Among brokerage stocks, Lehman rose 3% after it said it will buyback up to 100 million shares. The company also boosted its dividend by 25%. Investment adviser W.P. Stewart fell 18% on news Chairman W.P. Stewart retakes CEO position.
Elena
01 Feb, 2007
New York City
Wall Street advanced at opening, boosted by a tame reading on inflation, and corporate news at Dell Inc. The Dow reached fresh highs, driven by over 1% gains in the shares of Alcoa, Boeing, Caterpillar, and Dupont. Dell helped tech stocks, rising 4.7%. Exxon Mobil fell slightly as crude oil prices retreated. The company posted a 4% drop in Q4 earnings but beat expectations.
Ivaylo
01 Feb, 2007
New York City
London stocks were sharply higher by mid-day on Thursday, tracking gains on US market which rallied overnight after the US Federal Reserve left rates unchanged and reduced the possibility of a rate hike this year. Royal Dutch Shell also rallied after it posted strong Q4 profits. The UK property sector gained on consolidation expectations. On the broader market, the FTSE 100 advanced 89.3 points, or 1.4%, at 6,292.4 by mid-session trade.
Elena
01 Feb, 2007
New York City
U.S. stock futures pointed to a positive opening Thursday, driven higher by computer maker Dell and oil giants Exxon Mobil and Royal Dutch Shell. Exxon posted record-high annual profit of $39.5 B, despite a 4% decline in Q4 profit, citing lower natural gas realizations and refining margins. The company earned $1.76 a share on revenue of $90.03 B, beating estimates. The stock rose nearly 1% in pre-open. Shell''s quarterly net jumped 21%, boosted by record high oil prices.
Elena
01 Feb, 2007
New York City
Kevin Rollins announced he will quit as chief executive and founder Michael Dell will re-take control over the company in an attempt to regain eroding market share and to deal with an ongoing federal accounting investigation. Following the news, Dell was upgraded at Merrill Lynch and JPMorgan Securities.
Ivaylo
01 Feb, 2001
New York City
The market recovered on Thursday, supported by a rally in banks, telecom and cement stocks. State Bank of India surged after the government said it would buy the stake of the Reserve Bank of India in SBI by June 2007. Hindalco, Tata Motors and Bharti Airtel were the other large-cap gainers. Tata Steel continued its plunged today. BHEL, Hindustan Lever and HDFC also declined. The government banned the export of skimmed milk powder until the end of September.
Ivaylo
01 Feb, 2007
New York City
Asian stocks ended higher on Thursday as sentiment was upbeat on the U.S. Federal Reserve decision to keep interest rates on hold. In Japan, stocks bounced, with the benchmark index closing at a new nine-month high as investors bought in major Japanese companies whichhad revised their earnings forecasts upwards. HK was also boosted by the stronger-than-expected U.S. growth. The stock market in South Korea advanced too, while earnings reports boosted Australia.
Ivaylo
01 Feb, 2007
New York City
Financial, energy and drugs sectors led gainers on European markets after the strong close on US stocks overnight following the Federal Reserve decision to leave US interest rates unchanged. In Europe, financial stocks were in focus with results from Deutsche Bank and French insurer Axa. By mid morning, the FTSE 100 in London climbed 1.1%, Frankfurt Xetra Dax added 0.9%, and the CAC 40 in Paris gained 1.1%.
Ivaylo
01 Feb, 2007
New York City
The euro, gold and silver all began advancing even ahead of the Chicago PMI, but hit their strongest levels after the report. The Chicago PMI fell to 48.8 in January from 51.6 the month before, when analysts had been expecting a reading around 52. Another report released around the same time showed that U.S. construction spending fell 0.4% in December, when unchanged had been forecast.
123jump.com Staff
31 Jan, 2007
New York City
Market closed with a sharp gain in averages on Fed decision to leave rates unchanged. Fed comments suggested that the economy is healthy and outlook on core inflation is improving. Fed suggested that housing market appears to be stabilizing. Google rose before the earnings news but fell close to 4% after the report. Jones Lang LaSalle rose 6% and Navteq, Expeditors Intl and CSX gained 4%. Dell returns at his company to repalce the current CEO. Starbucks earnings up 18%. Oil closed above $58.
Elena
31 Jan, 2007
New York City
European stocks finished lower on Wednesday, reflecting cautiousness ahead of a U.S. interest rate decision, weakness in the technology sector and losses for car makers after a jump in oil prices. Chipmaker Infineon Technologies shed 1.8%, STMicroelectronics dipped 0.8%. Shares in Peugeot fell 2.4% and DaimlerChrysler AG slipped 1.7%. The U.K. FTSE 100 fell 0.6%, the French CAC 40 declined 0.7%, while the German DAX 30 ended flat at 6,789.11.
Elena
31 Jan, 2007
New York City
Altria will distribute the 89% of the company it owns to its shareholders on March 30. Each Altria shareholder will get 0.7% of a share of Kraft for each share of Altria they own as of March 16, and they will receive cash in lieu of fractional shares for amounts of less than one Kraft share with an exact distribution ratio to be determined later. Kraft Foods slipped 1.7%.
Elena
31 Jan, 2007
New York City
The three major market averages were mixed in early trading hours, awaiting the Fed Reserve
