Elena
05 Feb, 2007
New York City
European stocks finished little changed on Monday, as losses for ad conglomerate Havas and utilities Endesa and E.On offset the positive sentiment generated by gains in the oil sector and some airline stocks. British Airways fell 1.8%, while budget airlines Ryanair and easyJet gained 3% each. The U.K. FTSE 100 index added 0.1%, the German DAX 30 declined 0.1%, and the French CAC-40 edged 0.1% higher.
Elena
05 Feb, 2007
New York City
Stock market averages traded near the flat line, reflecting robust growth in the service sector in January, a flurry of multibillion-dollar merger deals, as well as earnings news. The ISM index gained 59% suggesting continued economic growth. Cognizant Technology Solutions rose 7% after reporting better-than-expected Q4 profit. The information technology service provider earned 46 cents per share, up 21% from 39 cents last year on 65% sales increase. Microsoft weighed with a decline of 1.5%.
Elena
05 Feb, 2007
New York City
Wall Street opened in the negative territory Monday, as investors turned to profit-taking and waited for a report on the service sector of the economy. Dow component Wal-Mart provided support, rising 1.1% after the retailer''s same-store sales report topped forecast. A flurry of deal news also helped limit early losses. Triad Hospitals accepted a takeover bid of $6.4 billion, including $1.7 billion of debt. The stock jumped 15% in early trading.
Ivaylo
05 Feb, 2007
New York City
London advanced on Monday but news concerning large-caps stocks was scarce. Most stocks were trading at opening levels with only Johnson Matthey surging on an upgrade from UBS. Property stocks gained, Man Group added and BT also advanced on reports that it will secure a large contract. Of the mid-caps Countrywide led the gainers as it announced that it received a bid approach. By mid-day, the FTSE 100 gained 5.7 points to 6,316.6.
Elena
05 Feb, 2007
New York City
U.S. stock markets looked poised for lower opening Monday on profit-taking after last-week solid gains and ahead of key economic data. The ISM report is expected to show that the services sector is expanding at a higher rate. Wal-Mart Stores was in focus as the world''s biggest retailer warned that it will deliver the lowest annual same-store sales growth in more than 25 years after posting 2.2% rise in January same-store sales.
Ivaylo
05 Feb, 2007
New York City
The market surged for a third session in a row on strong showing in the auto, consumer durables and telecom sectors. Metal stock bucked the trend and declined. Reliance Communications, HDFC, Maruti and Hero Honda led the gainers. Hindalco and Wipro led the decliners. The Finance Minister said that India
Elena
05 Feb, 2007
New York City
In terms of the deal, Investors Financial shareholders will receive 0.906 shares of State Street common stock for each share held, based upon the closing price of State Street common stock on February 2. The average number of State Street common shares issued in the transaction will be 62 million. On completion of the deal, State Street will possess more than $14 trillion in assets under custody.
Ivaylo
05 Feb, 2007
New York City
The market sentiment in Japan was darkened as the Nissan Motor released disapponting results, pulling the whole sector down. Shares in South Korea inched higher, although Hyundai Motor took its cue from the Japanese auto market and declined. HK ended lower as investors resorted to profit-taking in large-cap stock like China Mobile and HSBC. Other markets arounf the region also fell like Australia and China.
Ivaylo
05 Feb, 2001
New York City
Advances in upbeat oil and property sectors on Monday as well as in some airlines could not offset losses in banking stocks. Credit Suisse led the decliners in the financial sector on a down grade form ING, while Faurecia SA dragged the auto stocks lower on poor performance. Oil stocks in Total and BP rose on higher price of oil, while Ryanair gained on strong Q3 results. FTSE 100 in London was marginally 0.1% higher, Frankfurt Xetra Dax dipped 0.2% and the CAC 40 in Paris was flat.
Ivaylo
05 Feb, 2007
New York City
The decline in copper last week may be due to profit-taking, after the market showed strong support at $2.47, but dipping below that level forced many traders to withdraw from the metal. The drop sent gold and silver lower, as well as platinum and palladium. Energy stocks advanced with only natural gas bucking the trend. Arabica coffee futures advanced, while raw sugar finished lower.
123jump.com Staff
02 Feb, 2007
New York City
Broader averages closed mixed as employers added fewer jobs and wage increases slowed, reinforcing the Federal Reserve stance that the economy is expanding without fueling inflation. Asian markets closed higher helped by better outlook for American economic growth and lower inflation. European markets ended higher after a rally in retail stocks managed to offset sharp declines from auto and telecom equipment makers.
123jump.com Staff
02 Feb, 2007
New York City
In the later afternoon trading market averages are mixed. Jobless report indicated that unemployment rose to four month high. December factory orders rose 2.4%, largest gain in nine months. Chevron fourth quarter profit dropped 9% and revenue declined 11%. Union strikes at Harley Davidson''s largest manufacturing plant.
Elena
02 Feb, 2007
New York City
European stocks ended Friday session on a positive note after a rally in the retail managed to offset sharp declines from some car and telecom equipment makers. J Sainsbury shares climbed 14% on a possible takeover bid of about $18 billion. Of other supermarket groups, Carrefour rose 3.5%, Casino rose 1.7%, and William Morrison climbed 5.9%. The U.K. FTSE 100 index closed 0.5% higher The German DAX 30 rose 0.5% and the French CAC-40 advanced 0.3%.
Elena
02 Feb, 2007
New York City
U.S. stocks continued to trade in a mixed fashion. Intuitive Surgical surged 16% after reporting profit decline that came in above analyst estimates. Gannett rose 2.2% on Q4 earnings increase of 3% to $1.51 per share from $1.44 last year, beating estimates. Homebuilder Brookfield Homes fell 10% adfter it reported net income drop of $2.19 per share from $4.36 per share a year ago on 40 % revenue decrease. Chevron lost 1.2% on 9% profit drop.
Elena
02 Feb, 2007
New York City
U.S. stock markets opened mixed on Friday. Weaker-than-expected January employment report eased inflation concerns, but dragged economically-sensitive stocks on the Dow. Shares in aluminum producer Alcoa slipped 2.2%. General Motors also weighed, falling 2.2% due to a big drop in January sales. In addition, Amazon shares dropped 3.8% on concerns about its margins.
