Elena
22 Sep, 2006
New York City
European markets closed Friday trading session deeply in the red, tracking Wall Street losses amid worries of U.S. economic slowdown. Software maker SAP and chip maker Infineon Technologies fell 2% each. The German DAX 30, the French CAC 40, and London FTSE 100 slipped 1.3% each.
Elena
22 Sep, 2006
New York City
Concerns that slowing economic growth would hurt corporate profits kept stocks in the negative territory Friday morning. Texas Instruments rose 1.8% after its board approved a plan to buyback an additional $5 billion of its stock. Halliburton Co. gained nearly 1% after the company boosted its share-repurchase program by $2 billion.
Elena
22 Sep, 2006
New York City
The market surged for the third week in a row, despite its decline today. Dropping crude oil price, strengthening of rupee, strong inflows from foreign funds and hopes for robust earning results helped the index. The Sensex remained in negative territory today due to profit-taking resulting from weak Asian markets. Reliance Industries surged, together with Grasim and Reliance Communications. Software declined. High Court in India on Friday lifted a state ban on Coca-Cola and PepsiCo drinks.
Elena
22 Sep, 2006
New York City
Stocks opened weak Friday, dragged by growing pessimism about economic growth amid warning from KB Home that housing market is slowing down. Fallout of a congressional probe into Hewlett-Packard also weighed. Boston Scientific fell 10.4% after the medical devices maker warned that revenue is likely to miss analyst expectations.
Ivaylo
22 Sep, 2006
New York City
Hanson was among the few FTSE 100 stocks in positive territory on Friday as the London market erased a large chunk of its recent gains. The FTSE 100 shed 46.3 points, or 0.8%, to 5,850.4, tracking a weak close on U.S. markets. Profit takers are out in force after disappointing US economic data yesterday. Only five FTSE constituents are showing gains at present. BP and BG Group managed to buck the weak market trend.
Elena
22 Sep, 2006
New York City
Stock futures looked poised to a lower opening for a second straight session after KB Home warned of unfavorable conditions in the housing market. This added to worries about economic growth from the previous session when an unexpected negative reading of a Philadelphia-area manufacturing survey hit U.S. stock markets.
Elena
22 Sep, 2006
New York City
The company said Q3 net earnings are expected to come in the range of a penny and 5 cents a share. On an adjusted basis, Boston Scientific forecast earnings of $230 million to $290 million, or 15 cents to 19 cents a share. Analysts are expecting Q3 per-share earnings of 16 cents a share, on average. The company said Q3 net sales were seen between $1.97 billion and $2.035 billion vs. an average forecast of $2.175 billion.
Ivaylo
22 Sep, 2001
New York City
Exporter shares such as Hyundai Motor of South Korea and camera maker Canon Inc. pressed Asian markets lower Friday, following a decline in U.S. markets supported by data suggesting the American economy may be slowing faster than anticipated. Exporters, whose earnings are sensitive to U.S. economic conditions, registered some of the heaviest losses in Tokyo. China Merchants Bank bucked the downtrend, however, and surged 25% on its first day of trading.
Ivaylo
22 Sep, 2006
New York City
European stock markets fell on Friday after a surprisingly weak Philadelphia-area manufacturing survey put fuel on recession fears across the globe. Technology and travel stocks were among lead decliners in morning trade, while Altana bucked the downtrend after its agreement to sell its pharmaceutical division. The FTSE 100 dropped 1% to 5,835.5, the Xetra Dax in Frankfurt fell 1.1% to 5,898.07 and the CAC-40 fell 1% to 5,154.11.
Ivaylo
22 Sep, 2006
New York City
Gold closed higher but was unable to break out of the trading range on Wednesday. It was twisting and turning near its lows for the day and we are seeing support around the $575-$576 level but there is strong resistance near $600. In the short-term, gold will remain restrained on the upside by fund and central bank selling. The silver market seemed to settle in better shape than gold as the December contract did push above Wednesday session high.
123jump.com Staff
21 Sep, 2006
New York City
Market averages could not shake off the selling sentiment that gradually strengthened during the trading hours. At close Dow, Nasdaq and S&P 500 fell. HP fell close to 5% on the worries that CEO may have played bigger than anticipated role in a recent scandal involving board members. Wal-Mart launched a pilot program to offer generic drugs at a cheaper price for 300 drugs. Oil recovered 1.4%. Thailand dropped 4% at opening but closed 1.4% lower.
Elena
21 Sep, 2006
New York City
European markets finished higher as automakers and chemicals companies benefited from weaker oil prices. BMW and Volkswagen each rose more than 1%, and chemicals companies BASF and Akrema advanced 2%. The German DAX 30 added 0.1%, the French CAC 40 advanced 0.3%, while London FTSE 100 rose 0.5%.
Elena
21 Sep, 2006
New York City
Market was dragged down by drug store shares after Wal-Mart Stores announced it was slashing prices of generic drugs in Florida, but an advance by energy stocks helped offset losses. Hewlett-Packard was the biggest drag on the Dow and the S&P 500, falling 3.6% on media reports that its CEO may have been more closely involved in a board-leak investigation than previously reported.
Elena
21 Sep, 2006
New York City
The benchmark index finished well above the psychologically important 12,000 level in a broad-based rally in a firm trading session. Advance tax collections in September have grown a sturdy 32.5% and together with the U.S. Fed decision to keep key US interest rates unchanged and a steady drop in global crude oil price bolstered the maket. Bajaj Auto, BHEL, Hindustan Lever led the advancers. Reliance Communications and Hero Honda led the decliners.
Elena
21 Sep, 2006
New York City
Stocks started trading higher Thursday, boosted by renewed confidence after the Fed Reserve left interest rates unchanged. In corporate news, Fedex posted Q1 profit rose 40% amid strong demand for ground and international express shipments. The company said costs from a proposed new contract with its pilots'' union would cut Q2 earnings. Cisco Systems rose 0.5% after Piper Jaffray upgraded the networking giant to outperform from market perform.
