123jump.com Staff
14 Nov, 2006
New York City
Nasdaq average rose to a five-year high and S&P 500 neared six-year high on the back of late hour rally. Higher than expected drop of 1.6% in PPI and retail sales, excluding auto and gasoline, gained 0.4% suggesting a steady consumer spending and sparking a late hour rally in the market. The comments from Fed President William Poole suggested that rate hike is not likely in the coming weeks. Retailers, pharmaceuticals and manufacturing related stocks rose.
Elena
14 Nov, 2006
New York City
European stock markets closed modestly lower on Tuesday, reflecting worries about the strength of the European economy and losses for steel stocks. Tame U.S. inflation data and gains in the telecommunications sector failed to offset the decline. The German DAX edged down 0.1%. The French CAC 40 dropped 0.3%. London FTSE 100 ended down 0.1%.
Elena
14 Nov, 2006
New York City
U.S. stock markets retreated from earlier gains, as concerns about the health of the economy and weak financial results from Home Depot offset data, showing that inflation is slowing and consumer spending is stronger than expected. Home Depot traded down 1% after reporting a 3% profit drop, with both profit and sales missing estimates. Housing stocks helped limit losses, with D.R. Horton jumping 8% on quarterly results.
Elena
14 Nov, 2006
New York City
Although profit-taking in early deals made the benchmark index slip, the market exhibited in late trading a strong range-bound movement with a positive bias. The total turnover exceeded Rs 5,000 crore, as a surge in IT stock TCS accounted for more than 18%. Apart from TCS, other gainers included ICICI Bank, Infosys, and Satyam. Metal stocks bucked the overall uptrend and declined, together with consumer durables stocks. NTPC and Hindustan Lever led the decline.
Elena
14 Nov, 2006
New York City
Retailers reported mixed Q3 results. Wal-Mart Stores Inc. reported 11.5% profit increase, sending its shares up 3.6%. Target said Q3 profit rose 16%, helped by 11% sales increase. The retailer posted profit rise of 59 cents per share, up from 49 cents per share last year, beating expectations of 55 cents a share. Target sai same-store sales tose 4.6%. In contrast, Home Depot lost 1.5% after the retailer posted a 3.1% Q3 profit drop on a sharp decline in same-store sales.
Ivaylo
14 Nov, 2006
New York City
Home Retail and Experian are both doing well on vague takeover talk, while Vodafone remains in the blue after interim underlying profits beat expectations. Miners also enjoyed strong performances after sharp declines in previous sessions. Engineering design group Aveva rose again as it issued another earnings upgrade. Acambis is the worst peformers. At 2:30 GMT, the FTSE 100 is 1.90 points, or 0.03% higher.
Elena
14 Nov, 2006
New York City
U.S. stock market futures turned higher before opening, as strong economic data eased inflation worries and raised optimism about consumer spending. Wal-Mart Stores posted 11.5% higher quarterly profit to 63 cents a share, compared with 58 cents a year ago, beating estimates of 59 cents. Same-store sales were 1.5% higher. Wal-Mart shares rose 1% before the bell.
Elena
14 Nov, 2006
New York City
The company said it earned 73 cents a share, compared with a profit of 72 cents a share a year ago, missing expectations of 75 cents a share. Revenue in the quarter rose 11.3% to $23.09 billion, up from $20.74 billion for the same period a year ago, but same-store sales dropped 5.1%. Home Depot also cut its full-year earnings per share and sales growth outlook.
Ivaylo
14 Nov, 2006
New York City
The Japanese advance was led by real estate, technology and banking stocks. Shares were lifted by news that Japanese economy grew for the seventh straight quarter, expanding at an annualized 2% for the July-September quarter. Shares in Hong Kong moved higher on gains in China-related blue chips. In South Korea, brokerage and tech shares led advancers. Other markets also gained, boosted by the strong gains in Japan.
Ivaylo
14 Nov, 2001
New York City
European shares traded higher on Tuesday, helped by some further gains in the telecom sector after Vodafone Group reported well-received results, and as mining shares recouped some of the losses on the previous day. Overnight in New York, the main stock indicators finished with modest gains, driven by technology stocks. By mid morning, the FTSE 100 in London added 0.3%, Frankfurt Xetra Dax gained 0.1%, and the CAC 40 in Paris was marginally higher.
Ivaylo
14 Nov, 2006
New York City
There was little news affecting the precious metals markets but cues were taken from weaker base metal prices in New York and London as well as an increase in the dollar. Gold continues to be influenced by the movements in the dollar, oil and seasonal physical demand as the year-end approaches. Physical demand for gold will increase ahead of the Christmas season, but news that gold jewelry exports of Turkey were curbed by the volatile prices this year dented sentiment.
123jump.com Staff
13 Nov, 2006
New York City
Upgrades on Intel and Dell helped to rally semiconductor and tech stocks in general. Broader averages gained on comments fom the Fed President of Dallas. His assertion that the economy is expanding forcefully helped market to further gains in large cap stocks. Intel rose 1.9%, Dell gained 3% and Tyson Foods gained 4% on profit forecast in 2007. Wynn Resorts to issue a special dividend of $6 per share.
Elena
13 Nov, 2006
New York City
European stock markets closed in the green territory Monday, helped by telecoms stocks and solid gains for Alstom. The German DAX 30 advanced 0.57%, boosted by 2.6% gain for Deutsche Telekom. The French CAC 40 rose 0.8%, led by engineering group Alstom. London FTSE 100 added 0.23%, with gains limited by miners BHP Billiton, Rio Tinto and drug maker Novartis.
Elena
13 Nov, 2006
New York City
U.S. stocks extended earlier gains into a solid advance on speculations that key economic data, due out this week, will show strength in the economy with tame inflation. A positive economic view of a Fed official along with a decline in the price of oil further lifted sentiment. The Dow was led higher by gains for Intel and Merck. Intel jumped 1.7% as Citigroup upgraded the chip sector, while Merck added 1.1%, benefiting from a regulatory setback for rival Novartis.
Elena
13 Nov, 2006
New York City
Select large-caps and a surge in small-caps and mid-caps helped the benchmark index jump more than 100 points today. NTPC led the gainers, Bharti Airtel, Reliance Energy and Infosys also advanced. Hero Honda, Tata Steel were among the biggest decliners. Reliance Industries ended flat, failing to capitalize on the upbeat market sentiment. Wheat sowing in India has grown sharply, the farm ministry announced on Monday.
