123jump.com Staff
04 Jan, 2008
New York City
Stocks in India edged higher bucking the global trend. Sensex in Mumbai jumped 1.7% or 342 to 20,687 and the broader index CNX Nifty increased 1.6% to 6,274. Industrials, banks, and miners led the gainers in the market. Of the BSE stocks, 1470 shares declined, 1437 advanced, and 17 remained unchanged. Among the Sensex shares, 16 slid and the rest remained unchanged.
123jump.com Staff
04 Jan, 2008
New York City
Stocks in Hong Kong surged after a slump in the last two days of trading. Hang Seng Index gained 2.4% or 632.41 to 27,519.69 and gained 0.5% for the the week.Hang Seng China Enterprises index gained 2.8% to 15,903.40. Commodities miners rose after CLAS research said investors should buy shares of Chinese gold and coal miners. China coal rose 3.5% and Zhaojin mining climbed 7.1%. Zijin Mining jumped 7.2% after Goldman Sachs raised a target on the stock.
123jump.com Staff
25 Jan, 2007
New York City
Microsoft reported fiscal second quarter earnings drop of 28% on deferred revenue from Vista. The company also said earnings in the third quarter will be between 45 cents and 46 cents. The company stock has risen 12% in the year but stagnated between $22 and $31 in the last five years. The company has returned more than $35 billion in stock buybacks and dividends in the last three years.
123jump.com Staff
25 Jan, 2007
New York City
A flurry of negative earnings from energy, drug companies and homebuilders dragged averages in NY lower. Peabody Energy, BJ Services, Bristol-Myers and Toll Bros led the decliners. Canadian stocks declined after the earnings at Suncor and Petro-Canada fell, on lower oil and gas prices and higher operating costs. European stocks fell from a six-year high after a U.S. report on December existing home showed a decline of 0.8% and 12% in 2006. Copper prices gained for the fifth session in a row.
Elena
25 Jan, 2007
New York City
European stocks finished in the red Thursday as gains from Siemens and Nokia failed to offset declines from auto and chemical stocks. Nokia rose 5% and Siemens rose 6% on strong financial results. On the side of the losers, automakers DaimlerChrysler and Peugeot slipped more than 2.2%. The U.K.''s FTSE 100 dropped 0.7% to 6,269.30. In France, the CAC-40 lost 0.5% at 5,609.20. Germany''s DAX 30 closed down 0.4% at 6,719.58.
Elena
25 Jan, 2007
New York City
U.S. stock averages turned to a quiet light trading, as robust profit reports from several tech heavyweights failed to sustain enthusiasm for the sector. Weaker-than-expected existing home sales helped generate negative mood, leading to notable losses by housing stocks. Existing home sales fell 0.8% in December. For the year, sales fell by 8.4 %, the biggest annual decline since 1989. Among housing stocks, Toll Brothers slipped 3.5%, KB Home lost 2%, and Hovnanian Enterprises slipped 3%.
Elena
25 Jan, 2007
New York City
The market traded in a tight range until the final hours when traders covered their short positions ahead of the expiry of January derivatives. Metal, software and telecom stocks led the advance in a broad rally. Tata Steel continued its surge, Hindalco, Bharti Airtel and Wipro were the other main advancers. Cipla and Ranbaxy led the decliners. Weekly measure of inflation declined.
Elena
25 Jan, 2007
New York City
U.S. stock markets opened mixed Thursday, with technology stocks showing continuous strength and helping the Nasdaq move above the flat line. Investors reviewed strong quarterly results from eBay Inc., Nokia, AT&T Inc. and a huge profit loss at Ford Motor. The Labor Department said that 325,000 newly laid-off workers filed claims for jobless benefits, an increase of 36,000 from the previous week. Market also awaited word on the state of the housing market.
Ivaylo
25 Jan, 2007
New York City
The FTSE 100 advanced to a six-year high in morning trade on Thursday on strong oil and banking stocks. Declines in electricity companies, though, made the benchmark index give up some of the gains. Friends Provident and Aviva surged on the back of strong performance from Legal & General overnight in New York. Oil large-caps also rallied on stronger crude prices with BP and Royal Dutch Shell both gaining. By midday the FTSE 100 was 6 points, or 0.1% higher at 6,321.1.
Elena
25 Jan, 2007
New York City
U.S. stock futures pointed to a flat market opening, as better-than-anticipated results at eBay and Nokia provided further strength to the tech sector, while Ford weighed on the broader market with a wider Q4 loss. EBay jumped 12% in pre-open trading after posting a 29% rise in quarterly sales. Nokia rose 5.3% after the handset maker posted 19% profit rise on 13% revenue increase. Qualcomm gained 3% after the company posted a 5% profit rise and confirmed its 2007 outlook.
Elena
25 Jan, 2007
New York City
U.S. stock futures pointed to a flat market opening, as better-than-anticipated results at eBay and Nokia provided further strength to the tech sector, while Ford weighed on the broader market with a wider Q4 loss. EBay jumped 12% in pre-open trading after posting a 29% rise in quarterly sales. Nokia rose 5.3% after the handset maker posted 19% profit rise on 13% revenue increase. Qualcomm gained 3% after the company posted a 5% profit rise and confirmed its 2007 outlook.
Elena
25 Jan, 2007
New York City
The huge quarterly loss was contributed to weaker sales and high restructuring costs, pushing the automaker''s annual deficit to $12.7 billion, the biggest in its 103-year history. Excluding special items, the automaker would have lost $2.1 billion, or $1.10 a share, slightly better than the average analyst estimates of a loss standing at $1.01 a share and sales of $34.67 billion. Ford''s shares fell 1.2% in pre-market trading.
Ivaylo
25 Jan, 2007
New York City
Asian markets closed mostly lower after the benchmark index in Japan declined from an intraday record on Thursday following the yen advance against the dollar. In Tokyo, shares of exporters lost on the strength of the yen. China Mobile dipped on profit-taking, leading HK market lower. Insurers and refineries brought China lower. Singapore also retreated, the market in Australia gained though, bucking the downward trend.
Ivaylo
25 Jan, 2001
New York City
Strong results from Nokia, Pernod Ricard, Siemens and H&M, as well as robust performance from US markets overnight supported European markets Thursday. Industrial shares led after Siemens posted better-than expected results. Chemical stocks dipped, with shares in Air Liquide leadingthe decliners U.K airline British Airways was also in the red. By mid morning, the FTSE 100 in London climbed 0.2%, Frankfurt Xetra Dax added 0.2%, and the CAC 40 in Paris gained 0.1%.
Ivaylo
25 Jan, 2007
New York City
A rebound in late trading in crude oil made it possible for gold futures to end Wednesday with a gain. Gold has been attracting solid physical demand in Asia and Europe, especially India. Crude oil futures advanced to a two-week high Wednesday, reversing losses. Silver also advanced, while platinum and palladium bucked the trend and declined. Arabica coffee futures closed higher but raw sugar slipped.
