123jump.com Staff
21 Aug, 2006
New York City
Market averages declined in the first two hours of trading led by 16 points decline in Nasdaq, 35 points loss in Dow and 4 points loss in S&P 500. The weakness in European and Aian trading and rise in oil prices kept traders from buying. Dollar General lowered its second quarter earnings. MasterCard jumped $2.05 or 4% on heavy volume and no news.
123jump.com Staff
21 Aug, 2006
Mumbai
Trading on Mumbai Stock Exchange was subdued but market averages managed to rise at close. Investors bid up refining stocks as oil price fell in the world markets. HCL Techonolgies reported 44% rise in earnings. IPO of GMR Infrastructure closed near the offer price on heavy trading volume. Other Asian markets in Japan, Taiwan and Hong Kong closed sharply lower.
123jump.com Staff
21 Aug, 2006
New York City
After rising for the five days in a row, market appears to be ready to take profit. Nasdaq and Dow fell in the early trading and Nasdaq is now nearing 0.7% decline. Dow is down 40 points and S&P 500 is down 5 points. Lowes after reporting 60 cents per share earnings fell 3% at the open. Asian markets closed lower led by 3.2% decline in Taiwan and 0.85% loss in Japan.
123jump.com Staff
21 Aug, 2006
New York City
Market averages are expected to open lower after gaining for five days in a row. Futures trading indicates that Dow is expected to open 3 points and Nasdaq is expected to open 9 points lower. Lowes reported second quarter profit of 60 cents vs. 52 cents a year ago. In the European trading, market averages are showing a slight negative bias. Japan closed below 16,000 mark.
123jump.com Staff
18 Aug, 2006
New York City
For the day and for the every day of the week, market averages rose. For the week Nasdaq gained 5% and Dow rose 2.65%. Earnings disappointments from Gap and Dell did not sway buyers. Dell fell 9% at opening but managed to recover at close. Ruling on tobacco case helped Altria to gain 4%. Gap lost 3% on earnings news and traded near one-year low.
Elena
18 Aug, 2006
Frankfurt
European markets posted modest losses Friday with little economic and corporate news to give direction to the market. Yet, London FTSE 100 finished up 0.05%, supported by gains for the tobacco and energy sectors. Imperial Tobacco gained 2.3% and British American Tobacco rose 0.4%. The German DAX 30 lost 0.28%, while the French CAC 40 fell 0.18%.
Elena
18 Aug, 2006
New York City
U.S. market averages traded below the flat line. However, strong gains by Altria and Microsoft limited the downside for the Dow. Altria rose 3.7%, benefiting from a favorable court ruling, while Microsoft moved 2.2% higher after announcing that it increased its share buyback plan by about $16.2 billion.
Elena
18 Aug, 2006
Mumbai
After the sharp surge in recent trading session, profit taking seized the market. The benchmark index witnessed a lot of volatility on Friday, before it recouped some losses to end with a minor loss. Falling oil prices helped the auto sector and refineries, while metal stocks, banking shares and consumer goods sector declined the most. Engineering, pharma and software stocks also gained.
Elena
18 Aug, 2006
New York City
Microsoft Corp. announced that it increased its share buyback plan by about $16.2 billion, lifting its total repurchase authorization to $36.2 billion through June 30, 2011. Ford Motor said that it is planning to partially shut down plants in the U.S. and Canada in the fourth quarter due to reduced production in North America. The company said Q4 production would be down 21%, and Q3 production will be 20,000 units below what was previously announced. Company''s shares dropped 3.2%.
Elena
18 Aug, 2006
New York City
After four consecutive sessions if gains, U.S. stock equity futures indicated a flat opening. Altria Group and Reynolds American are expected to rise after a judge''s ruling held that tobacco companies violated federal racketeering laws. Tech stocks are expected to fall after Dell reported a 51% net income drop in Q2 and revealed SEC probe regarding accounting issues. Company''s shares dropped 6.7%. Gap Inc. posted Q2 profit drop of 53% on lower margins.
Ivaylo
18 Aug, 2001
New York City
Asian markets were mixed Friday as exporters, such as Sony Corp, gained strength from U.S. advances and airlines jumped on an overnight slip in crude-oil prices, while profit-taking drew other shares lower after strong gains earlier in the week. The gains were on U.S. markets, advancing for a fourth consecutive day after economic data suggested slowing inflation and boosted confidence about the health of the economy of the largest export market of Asia.
Ivaylo
18 Aug, 2006
Frankfurt
Inflationary concerns were back as the latest manufacturing data from the Philadelphia Federal Reserve were unexpectedly strong. That influenced an already thin by volume August trade. The FTSE 100 in London was backed by defense stocks and tobacco shares but other markets slumped. The U.K. FTSE 100 index added 0.2%, while the German DAX Xetra 30 index lost 0.1% and the French CAC-40 index fell 0.1%.
Ivaylo
18 Aug, 2006
Metals
Gold closed under the $630 level on Thursday, tracking the fall of oil prices, reflecting the relatively calmed international relations, easing the precious metal significance as the last resort to traders. Some analysts are of the opinion, though, that gold is building a base now for new heights that would hit the market later in the year. Silver, platinum, palladium and copper followed suit and also fell.
123jump.com Staff
17 Aug, 2006
New York City
The luxury retailer Nordstrom reported second quarter earnings of 67 cents per share beating the estimate of 65 cents. The company revised the full year earnings guidance to $2.30 and $2.39 per share and third quarter earnings to 40 and 45 cents range. The company also received one time settlement payment from Visa/MasterCard for $5.8 million. The stock fell $1.00 in the after hours trading on earnings report.
123jump.com Staff
17 Aug, 2006
New York City
Dell reported 46% fall in earings in the second quarter as it battled sever price discounting in the U.S. and market share struggle in the Asia Pacific region. The comapany also reported operating earnings margin of 4.3% of revenue in the quarter. The company managed to eke out mere 1% rise in sales in the U.S. and hold on to its market share leadereship with 34.2%. The company managed to gain sales in the Western Europe in a declining market.
