123jump.com Staff
28 Sep, 2006
New York City
Market averages traded higher as buyers showed interest in large cap stocks. Dow Jones Industrial Average, consisting of thirty large companies rose 29.11 points to close at 11,718.45. Dow came close to breaking the previous high of 11,722.98 reached on January 14, 2000. General Motors rose 4% on the news that Tracinda Corp has informed GM that it will like to add 12 million shares to its current stake of 9.9% in the company. Oil and gold edged higher.
Elena
28 Sep, 2006
New York City
U.S. stocks turned mixed after the Dow Jones Industrial Average hit record highs and lifted the S&P 500 Index to a 5 1/2-year peak. In economic news, the Commerce Department reported an unexpected Q2 downward revision of GDP to a 2.6% growth rate. Initial claims for state unemployment benefits fell by 6,000 in the latest week. Among sectors, airlines, brokers and utilities led decliners.
Elena
28 Sep, 2006
New York City
European markets closed largely in the positive, lifted by strong commodities-related stocks. The German DAX 30 edged down by 0.1%, dragged by 6.1% decline in Infineon Technology shares. The French CAC 40 added 0.1%, helped by the automotive sector. London FTSE 100 rose 0.5%, boosted by oil majors and miners that rose for a third session in a row.
Elena
28 Sep, 2006
New York City
After a short-lasting rally, U.S. stock markets lost direction as investors turned to profit taking. In early trading, the Dow briefly topped its record closing high of 11,722.98, but was unable to move significantly above that level and has moved back to the downside since then.
Elena
28 Sep, 2006
New York City
Market has maintained positive momentum for five trading days. Banks were in focus, with the banking sector index hitting all-time high. Some stocks, such as Infosys Technologies and Tata Power witnessed short covering in derivatives. Bull unwinding in derivatives was seen in TCS, Hindustan Lever, and Cipla. Banks outperformed all other stocks today. HDFC, HDFC Bank, SBI , and ICICI Bank led the advancers. TCS and Maruti led the decliners.
Elena
28 Sep, 2006
New York City
The Dow Jones industrial average hit its record-high close Thursday morning, lifted by optimism about steady interest rates and a soft landing for the economy. The Dow rose to 11,724.86, facing one more milestone, its intraday high of 11,750.28, before it could move into uncharted territory.
Ivaylo
28 Sep, 2006
New York City
London shares moved higher at mid-day, led once again by a strong mining sector, while persistent bid talk on Hanson and Brambles also supported the FTSE to climb to within reach of the 6,000 level. An upbeat mining sector helped to underpin blue chip gains as commodity prices continued their recovery after recent falls and as ABN Amro advised clients to buy. The UK benchmark gained 31.4 points, or 0.5%.
Elena
28 Sep, 2006
New York City
The latest reading on the GDP, released by the Commerce Department showed that economy grew at 2.6% pace in the second quarter, slower than the 2.9% figure estimated a month ago. In another report, the Labor Department reported that the number of new people signing up for unemployment benefits fell by a seasonally adjusted 6,000 to 316,000 for the week ending Sept. 23. The figures came in close to expectations for claims to total around 315,000.
Ivaylo
28 Sep, 2006
New York City
Investors focused on Honda Motor Corp., BHP Billiton Ltd. and energy-related shares after crude-oil prices rebounded. The Japanese stock market advanced moderately, recovering from the sharp fall the previous day as traders wondered whether the market had overreacted to recent concerns about US growth. In Japan, share prices of consumer finance companies increased as well.
Ivaylo
28 Sep, 2006
New York City
Commodity companies such as BP advanced in Thursday morning European trade, limiting broader-market losses, after oil prices rebounded from lows overnight. Royal Dutch Shell strengthened and mining companies including BHP Billiton and Rio Tinto moved higher for a third day. MAN gained on rumours that Volkswagen was poised to make a bid for the company. The U.K. FTSE 100 index gained 0.1% , the German DAX Xetra 30 added 0.1% and the French CAC-40 index climbed 0.25.
Ivaylo
28 Sep, 2006
New York City
Over the last couple of weeks, gold futures have been able to stabilize even with the energy prices going lower. There have been some indications of lower prices starting to trigger stronger demand in cash markets for gold. Energy prices have begun to stabilize, despite a bearish inventory report on Wednesday. That, in turn has attracted stronger buying interest and reduced selling interest in gold.
123jump.com Staff
27 Sep, 2006
New York City
Market averages rose in the morning hours but managed to hold on to gains during the session. Dow rose to the high for the year but Nasdaq and S&P 5000 were subdued. August durable goods orders fell 0.5% when expectations were for the orders to rise 0.5%. Oil rose inthe final hour of trading after government reported that oil inventory levels were higher than expected at the end of previous week. New home sales rose 4.1% in August to 1.05 million annual rate.
123jump.com Staff
27 Sep, 2006
New York City
Market averages closed higher across the European region led by a surge of 2.6% in Spain and 1.5% rise in Norway. Peogeot said that it may let 10,000 people in Europe by the end of the Europe. Germann E.on raised its bid for Spanish Endesa by 38% taking with it Spanish market higher. Firm oil price supported a rise of 1.5% in Norway. Goldman Sachs raised outlook for BHP and other miners. Aer Lingus prices its IPO at 2.2 euros per share.
Elena
27 Sep, 2006
New York City
U.S. stocks traded higher Wednesday, with blue chip stocks like Intel and McDonalds pushing the Dow Jones Average very close to a new high. Intel rose 3% while Advanced Micro Devices rose 1.7% after a federal judge limited AMD antitrust suit against its larger competitor. Shares of McDonald''''''''s rose 1.5% after its board approved an increase of nearly 50% for its dividend.
Elena
27 Sep, 2006
New York City
The Sensex opened higher today and surged to a fresh high in early morning but profit-taking at blue-chip level saw the index fall in late trading. Volatility was high on account of expiry of September derivative-contracts on Thursday. Reliance Energy led the advancers, while Reliance Capital was the most active stock. The BPO industry in the country has the potential to process up to 30% of the US bank transactions by 2010.
