Ivaylo
05 Oct, 2006
New York City
European stocks advanced in morning trade on Thursday, supported by deal speculation pushing shares of steelmaker Corus higher, a turnaround for oil and metals producers, and the second straight record high for the U.S. markets. Oil stocks gained ground from an overnight rally in crude prices. London FTSE 100 climbed 0.6%, Frankfurt Xetra Dax gained 0.6% and the CAC 40 in Paris added 0.6%.
Ivaylo
05 Oct, 2006
New York City
The futures had a softer tone early in the day, due to long liquidation, even when crude oil was trying to avoid more losses. Crude resumed its retreat, and sell stops were hit in gold as it broke that support level. Gold then remained under pressure for the rest of the day, even though November crude oil eventually turned positive.
123jump.com Staff
04 Oct, 2006
New York City
Bernanke comments inspired rally was in full swing in the final hour of trading. Chairman commented that housing market is undergoing a substantial crrection and it may lower GDP growth by one percentage this year. California Attorney General office is preparing to file criminal charges against former HP chairman Dunn and ohers. P F Changs rose 9% on earnings.
Elena
04 Oct, 2006
New York City
European markets closed notably higher. The upward move was brought by a strong rally in Vodafone shares and higher banking stocks which together with seven-month low crude oil prices counteracted a profit warning and losses for EADS. London FTSE 100 climbed 0.5%, the German DAX 30 rose 0.9%, and the French CAC 40 advanced 0.7%.
Elena
04 Oct, 2006
New York City
The Dow hit an all-time intraday high, as stocks recovered Wednesday after a weaker-than-expected data on business activity helped ease concerns about inflation and interest-rate hikes. The ISM''s services sector index slipped to a weaker-than-expected 52.9 in September from 57.0 in August.
Elena
04 Oct, 2006
New York City
Weak Asian stocks, together with worries over possible sales by hedge funds pushed the market lower today. All sectors ended in negative territory.The Sensex recovered from early steep fall to dip again in late trading. IT and bank stocks fell on profit-taking. TCS and HDFC Bank led the decliners.
Elena
04 Oct, 2006
New York City
Wal-Mart dropped 2.2% after the retailer cut its September same-store sales forecast to 1.3% from its previous estimate of 1.8%. TiVo slipped 9% after an appeals court allowed EchoStar Communications to continue selling its competing digital-video recorder models pending appeal of the companies'' patent dispute over the technology. As a result, Bear Stearns cut its rating on TiVo to underperform.
Elena
04 Oct, 2006
New York City
Ford Motors Corp. was downgraded to peer perform from outperform, with the broker saying that most of the near-term catalysts for the shares have unfolded. At the same time, Bear Stearns upgraded General Motors to peer perform from underperform, citing continuous beliefs of a potential alliance with Renault and Nissan.
Ivaylo
04 Oct, 2006
New York City
Asian stocks largely declined on Wednesday after North Korea stated it would test a nuclear bomb and commodities stocks such as BHP Billiton and Mitsubishi Corp. were hit by a fall in oil and metals prices. The influence of North Korea nuclear news is likely to be limited as there will be some short-term risks, but it is unlikely to reverse the stock market trend. Hong Kong bucked the downtrend and advanced.
Ivaylo
04 Oct, 2006
New York City
Most European stock markets advanced in early trading on Wednesday after an overnight plunge in oil and gold prices sent the Dow industrials to a record high, but another profit warning from Airbus owner EADS and a decline from oil giant BP limited gains. The FTSE 100 in London gained 0.1%, Frankfurt Xetra Dax added 0.3% and in Paris, the CAC 40 was 0.2% higher.
Ivaylo
04 Oct, 2006
New York City
The drop of crude oil below the $60 a barrel mark weighed heavily on precious metals trading. Crude oil futures touched a seven-month low of $58.75 after Colorado State University cut its hurricane forecast because of quickly-developing El Nino conditions. The most-active December gold ended near its lowest level since Sept. 15. Platinum, palladium and copper also dropped.
Elena
04 Oct, 2006
New York City
U.S. stock market futures turned lower, reversing from solid gains Tuesday when the Dow rose to an all-time record of 11,727,34. On Wednesday, the negative market sentiment was generated by lowered sales outlook at blue chip retailer Wal-Mart Stores which cut its September U.S. same-store sales growth estimate to 1.3% from its previous estimate of 1.8%.
Ivaylo
04 Oct, 2006
New York City
London benchmark index remained higher this afternoon, but futures pointing to losses on Wall Street later, weak UK power stocks and a gloomy mining sector have lowered the FTSE 100 from earlier highs. Northgate Information Solutions topped the list of mid-cap advancers as it confirmed takeover approaches. The FTSE 100 was up 15.80 points, or 0.27% at 5,952.90 at 2:13 pm also supported by a continued fall in the oil price.
123jump.com Staff
03 Oct, 2001
New York City
Steep decline in oil and gold prices helped broader averages to rise. The expectations on better retail sales, due to be released tomorrow, also helped the Dow and Nasdaq. Oil fell 3.85% and gold dropped $21. Oil closed at seven-month low and gold at three-month low. General Motors Corp. Tuesday reported a 3.1% decline in September sales and lowered North American production targets again. Ford, U.S. sales rose 4.7% last month on strong. Dow closes at a record high after six years.
Elena
03 Oct, 2006
New York City
European markets finished in the red, pressured by oil-producing companies, as crude oil prices dropped to a ten-moth low below $59 a barrel. Sales warning from chipmaker Marvell Technology further weighed on sentiment. Infineon Technologies declined by 0.6% helping the German DAX 30 close down 0.1%. The French CAC 40 dropped 0.5%, hurt by losses for chipmaker STMicroelectronics. London FTSE 100 fell 0.4%.
