Elena
25 Oct, 2006
New York City
Investors traded cautiously, awaiting the Fed Reserve''s decision on interest rates and an indication about the rates outlook. Tech stocks were driven higher by stronger-than-expected quarterly results from Amazon. Altria Group rose 3.4%, helping to limit losses on the Dow after setting a date to decide the spin-off of its Kraft Foods unit. The Dow declined after existing home sales data for September showed sales declined more than expected to 6.18 million units from 6.30 million in August.
Elena
25 Oct, 2006
New York City
U.S. stock averages opened mixed, with the Dow moving lower, hurt by losses for General Motors and Boeing, while the Nasdaq moving up, supported by earnings-inspired gains for Amazon. The online retailer jumped 9% on better-than-expected quarterly results, prompting five brokerages to lift price targets on the stock.
Ivaylo
25 Oct, 2006
New York City
Large-cap stocks took a breather, following a strong morning session ahead of what is expected to be a flat open on U.S. market, with Tate & Lyle boosted from drug and mining issues. Vedanta and Xstrata led the miners higher while Lonmin improved after announcing that its platinum operation ran ahead of target. The FTSE 100 index advanced 25.5 points, or 0.4%, at 6,208.0 at mid-day, its highest level since February 2001.
Elena
25 Oct, 2006
New York City
U.S. stock futures turned to a lackluster trading, reflecting uncertainty ahead of the Fed Reserve
Elena
25 Oct, 2006
New York City
The quarterly results include charges of $644 million, or $1.13 per share related to various items including goodwill impairment at GMAC and an increase in Delphi-associated restructuring charges. Excluding items, the Dow component earned $529 million, or 93 cents a share, with revenue totaling $48.82 billion.
Ivaylo
25 Oct, 2006
New York City
Asian shares finished mixed Wednesday, with commodity markets advancing on higher oil prices, while the Nikkei Average in Japan retreated ahead of earnings results from some of the biggest companies Japan. Hong Kong ended nearly flat, as the its stocks are heavily dependent on U.S. stocks and look to the decision of the Fed. South Korea advanced due to strong gains in the construction sector. Australia also edged higher.
Ivaylo
25 Oct, 2006
New York City
Buoyed by the surprisingly strong German business confidence index Ifo and a number of strong earnings results, European stocks reversed from an early cautious start to notch up five-year record high. Michelin and Moller Maersk led the advancers on strong selling results and oil field potential. By mid morning, the FTSE 100 in London gained 0.3%, Frankfurt Xetra Dax added 0.1% to, and the CAC 40 in Paris was 0.3% higher.
Ivaylo
25 Oct, 2006
New York City
Gold finished higher on Tuesday, scoring its first gain in three sessions with oil prices firming up ahead of U.S. supply data and the dollar slightly weaker as the Federal Reserve met to discuss interest rates.The market rebounded from support around the session low of $576. It is just above a series of three straight lows between $573 and $574.50 hit Oct. 10 through 12. Short covering and fund buying occurred. Platinum and copper declined.
123jump.com Staff
24 Oct, 2006
New York City
Ahead of Fed meeting tomorrow, market averages rose despite interst rates related nervousness and Fed meeting beginning tomorrow. Nasdaq fell on TI earnings of 46 cents for the quarter but on weak revenue in the quarter and weaker revenue guidance for the fourth quarter. Lucent rose 7% on earnings of 7 cents per share beating the expectations of 4 cents. Amazon reported profit of 5 cents on revenue rise of 24%, stock in the after hours rose 10%.
Elena
24 Oct, 2006
New York City
European stock markets finished mixed due to cautious trading ahead of the Fed Reserve
Elena
24 Oct, 2006
New York City
U.S. stocks opened in the red Tuesday, as investors grew cautious ahead of the Fed Reserve''s policy meeting. A weak sales outlook from Texas Instruments also hurt sentiment, but shares of DuPont rallied after the chemicals giant posted strong quarterly results. Lockheed Martin reported a 47% gain in Q3 earnings to $1.46 per share, up from 96 cents per share a year ago, beating estimates of $1.24 per share.
Ivaylo
24 Oct, 2006
New York City
Nerves before the busy reporting season had London large-cap stocks struggling by the afternoon, as weak metal prices led the miners down. Trading volumes were light, as they had been in the previous session.The muted performance was despite the U.S. market hitting an all-time high overnight. The FTSE 100 shed 0.4 points to trade at 6,165.9 by mid-day.
Elena
24 Oct, 2006
New York City
U.S. stock market futures moved lower on Tuesday. The negative mood was generated by cautiousness ahead of Fed Reserve interest-rate decision and a disappointing view from microchip maker Texas Instruments. TI shares dropped on slower-than-forecast 13% sales growth and warning that Q4 semiconductor growth will be below the seasonal average. Lockheed Martin reported a 47% gain in Q3 earnings to $1.46 per share, up from 96 cents per share a year ago.
Elena
24 Oct, 2006
New York City
The company reported Q3 earnings rise of 52 cents a share, compared to a loss of 9 cents a share last year. Total revenue increased 7.5% to $6.31 billion from last year''s $5.87 billion. The Dow component confirmed its forecast for earnings of about $2.86 a share for 2006, in line with the average analyst estimates.
Ivaylo
24 Oct, 2006
New York City
The Nikkei 225 fell on Tuesday as shares of of NTT DoCoMo and KDDI both plunged on worries that a nearing price war could hurt profits. The Composite Index in Shanghai jumped due to new share buying after investors got refunds from the strongly oversubscribed offering to the Industrial & Commercial Bank of China. Hong Kong, South Korea and taiwan all advanced, but Australia dipped as mining stocks declined.
