Ivaylo
19 Apr, 2007
New York City
The benchmark index opened with a strong negative bias Thursday, tracking weak Asian markets, and then plunged into negative territory in morning deals. Intense buying in banking stocks and select large-caps helped the Sensex recover lost ground in late trading. SBI and ICICI Bank led the advancers, while ACC and Satyam were the worst performing stocks. India
Elena
19 Apr, 2007
New York City
Merrill Lynch said it earned $2.16 billion, or $2.26 a share, compared with $475 million, or 44 cents a share a year ago, topping estimates of $1.97 a share. Kraft Foods Inc. posted a 30% profit decline in Q1, its last under the control of Altria Group Inc. Net income for Q1 was $702 million, or 43 cents per share, down from $1 billion, or 61 cents per share a year ago. Excluding certain items, the company
Ivaylo
19 Apr, 2007
New York City
European markets declined significantly on Thursday, as global interest rates were the main focus of worries after strong Chinese growth prompted slowing demand if the country decides to cool its economy. Oil and mining stocks slumped the most after Chinese premier Wen Jaibao announced the country was in need of taking timely measures to prevent economic overheating. By mid morning, Frankfurt Xetra Dax shed 1.3%, the CAC 40 in Paris lost 1.1% and London FTSE 100 slid 0.8%.
Ivaylo
19 Apr, 2007
New York City
Platinum futures surged Wednesday, fueled by fund buying, expectation of an exchange-traded fund, and a weaker U.S. dollar. Much of the increase was connected to buying ahead of the launch of an exchange-traded fund set for May 10 by Zurich Cantonal Bank. Other precious metals also rose, such as gold and palladium, while silver dipped. In base metals trading, copper fell, while in energy trading crude oil futures ended little changed.
123jump.com Staff
18 Apr, 2007
New York City
EBay reported 52% rise in earnings on 27% gains in revenue. The stock jumped 6% in the after hours of trading. Kraft Food reported 6% rise in revenue but diluted earnings fell 30%. Money Gram earnings dropped on higher operating cost. Spansion loss widened. ETrade Financial lowered earnings guidance for the year. Novellus revenue declined.
123jump.com Staff
18 Apr, 2007
New York City
Financial stocks lifted averages in New York trading, barely. Shares of J.P. Morgan rose 4%, Citigroup and Bank America rose 1%. Yahoo reported an 11% drop in first-quarter profit, while IBM posted an 8% increase. After the reports Yahoo plunged 12% and IBM lost 2.5%. Motorola swung to a profit and advanced 2.2%. EBay reported 52% rise in profit after the close.
123jump.com Staff
18 Apr, 2007
New York City
U.S. stocks fell on mixed earnings reports. Investors pulled back from tech stocks after Yahoo posted an 11% drop in its first-quarter profit. Seagate fell 5.9%, IBM fell 2.5%, and Motorola reported a first-quarter loss due to sluggish sales but company
Elena
18 Apr, 2007
New York City
European stock markets closed in the negative on Wednesday, dragged down by weaker mining and automotive stocks which offset gains from chip-equipment maker ASML and Swiss drug maker Roche. Miners BHP Billiton and Rio Tinto fell 2.6% and 1%, respectively on lower copper prices and weaker dollar. The record-low dollar also hurt exporter stocks. BMW slipped 1.3%, while Porsche also lost ground. The German DAX 30 fell 0.90%, the French CAC 40 lost 0.38%, and the U.K. FTSE 100 lost 0.7%.
Elena
18 Apr, 2007
New York City
U.S. market averages turned mixed in late morning trading, reflecting upbeat earnings at JP Morgan Chase & Co. and Intel Corp. and concerns about the technology sector, raised by lower-than-expected earnings at Yahoo and a downgrade of IBM. J.P.Morgan and Intel led the Dow higher, posting an advance of 4.1% and 1.7%, respectively. IBM was the biggest drag on the Dow, falling 2.5%. The tech-heavy Nasdaq was weighed down by 12% drop for Yahoo.
Elena
18 Apr, 2007
New York City
Shares of Motorola rose 2.1% after the company said that revenue and earnings excluding special items beat expectations. Outside the sector, Abbott Laboratories dropped 2.2% after the company reported Q1 earnings drop of 19% to 45 cents a share from 56 cents a year earlier, exceeding expectations.
Elena
18 Apr, 2007
New York City
U.S. stocks declined at opening Wednesday amid a batch of mixed earnings reports that led to some profit-taking. Weakness in the tech sector weighed after disappointing earnings results, with Yahoo, down 2% and IBM, lower by 2%. Financial stocks were helped by J.P. Morgan, which rose 4% after it said Q1 net income rose more than 50% to $1.34 a share, from 86 cents a year ago, well above estimates of $1.02 a share.
Ivaylo
18 Apr, 2007
New York City
Further interest rate hikes, very likely after minutes released today from the Bank of England MPC meeting earlier this month, pulled down the FTSE on Wednesday. Real estate stocks and ex-dividend stocks led the decliners. Barcley
Ivaylo
18 Apr, 2007
New York City
Japanese and Australian stocks rallied Wednesday, with exporters gaining after upbeat U.S. economic data alleviated worries over the economic growth outlook for the most important export market of Asia, while higher metals prices boosted miners. China finished almost unchanged, while Hong Kong ended lower.
Elena
18 Apr, 2007
New York City
U.S. stock market futures pointed to a lower opening Wednesday, dragged down by weakness in the tech sector, generated by disappointing earnings news at Yahoo and a downgrade of IBM. Motorola also said it swung to a Q1 loss, hurt by lower-than-expected mobile phone sales. Stronger-than-anticipated financial results from chipmaker Intel and financial services giant J.P. Morgan, failed to lift sentiment.
Ivaylo
18 Apr, 2007
New York City
Copper surged Tuesday on fund buying, as strong U.S. housing starts and uncertainty about the labor situation at a large Indonesian mine contributed to the rally. While copper futures advanced sharply, precious metals contracts ended mostly lower on profit-taking despite the ongoing slide of the dollar. In Nymex energy trading, crude oil futures finished lower Tuesday, pulled down by dipping gasoline prices caused by the imminent return to production of two key U.S. refineries.
