123jump.com Staff
20 Jul, 2006
Mumbai
It is earnings season on Wall Street. Traders reacted to earnings reports and set aside the interest rate worries. Market averages declied but stock specific trading dominated. Apple surge 12% on the earnings new of 54 cents, Motorola gained 5%, Nokia advanced 3% on earnings news. Intel dropped 7.5% on weaker margins. Railoroads, CSX and Union Pacific declined. Google and Microsoft gained in the after-market trading.
Elena
20 Jul, 2006
New York City
European markets ended slightly higher amid speculations that the U.S. Fed Reserve might put an end to interest-rate hikes. Media stocks like French JC Decaux and Spanish Sogecable led advancers today. The German DAX 30 edged up 0.1%, the French CAC 40 rose 0.4%, while London FTSE 100 lost 0.1%.
Elena
20 Jul, 2006
New York City
Reversing from earlier strength, stocks moved to the downside, with Intel weighing on sentiment with a decline of 4.9%. Quarterly earnings reports failed to support the financial sector. Comerica rose 2.6% after the bank said Q2 net income rose 3% to $1.22 a share from $1.18 a share a year ago, but Wachovia fell 2% after the bank reported 14% profit growth to $1.89 billion on stronger investment and general banking income.
Elena
20 Jul, 2006
Mumbai
Sensex in India rebounded with the markets surging around the world. Markets in Japan, Korea, India, Brazil and Mexico advanced more than 3%. The strong surge in India was not supported by trading volume gains suggesting that the market gain may be short-lived. Reliance and Ranbaxy are two latest large cap companies to report earnings gains.
Elena
20 Jul, 2006
New York City
Stocks edged higher at opening as stronger-than-expected earnings from Apple and Honeywell International boosted investor optimism. However, some technology stocks came under pressure, dragged by Intel falling 4.9% as the company posted a sharply lower Q2 profit and projected Q3 revenue below estimates. Homebuilder D.R. Horton posted fiscal Q3 earnings decline of 21% on an 8.6% increase in revenue.
Elena
20 Jul, 2006
New York City
U.S. stock futures rose Thursday morning, following a strong rally yesterday and better-than-expected earnings reports from major companies. Apple Computer climbed 10.7% after reporting 48% higher quarterly profits, above analyst estimates. Motorola advanced 9% after the world''s second-biggest cell phone maker said its Q2 earnings and revenue increased. Union Pacific, railroad operator, posted Q2 earnings rise of $1.44 a share, up from a year-earlier profit of 88 cents a share.
Elena
20 Jul, 2006
New York City
Watanabe said NUMMI and other friendly ties with GM will remain unchanged, but new tie-ups involving major stakes for his company are not expected. These remarks come at a time when General Motors is in talks about a possible partnership with an alliance between Renault and Nissan Motor Co.
123jump.com Staff
19 Jul, 2001
New York City
Intel and eBay were the two stand outs in the after the close earnings releases. Of more than ten companies releasing earnings,Intel and Ebay reported disappointing earnings. Intel dropped a fraction but eBay rose 1% in the aftermarket trading. Qualcomm reported a rise in earnings but traded lower after-the-close. Apple reported a strong earnings of 54 cents beating the estimate of 44 cents. The stock rose 8% in the after-market trading. Motorola gained 6% on earnings.
123jump.com Staff
19 Jul, 2006
New York City
Market rallied on the hope that the future rate hikes are not likely in the immediate future. Banks, home builders and tech stocks rallied on the news. European and Latin American markets rallied on the Chairman comments. After the close, Intel reported earnings of 15 cent compared to 33 cents a year ago. EBay reported 14% decline in profit on 30% rise in revenue. Apple also reported earnings rise of 47% on revenue growth of 32%. Apple shipped 8.1 million iPods in the quarter.
123jump.com Staff
19 Jul, 2001
New York City
Market averages in the plus column, Fed Chairman comments, falling oil price and strong rise in home builders and bank stocks kept buyers at the market. Bank of America gained 3%, J P Morgan advanced 5.5% and IBM added 3%.Mexico and Brazil ganied better than 3%. Dow, Nasdaq and S&P 500 advanced close to 2% as buying intensified in the late afternoon.
Elena
19 Jul, 2006
New York City
Stocks and bonds jumped steeply higher after Fed Reserve Chairman Ben Bernanke soothed investors'''' concerns on interest rates with news of moderating economy and contained inflation. The Dow Jones shot up more than 160 points. Treasury bonds reversed from earlier losses and moved higher.
Elena
19 Jul, 2006
New York City
Stock markets rallied in morning trading, following comments from Federal Reserve Chairman Ben Bernanke of moderating pace of economic growth and contained inflation. The Dow Jones industrial average shot up more than 100 points.
Elena
19 Jul, 2006
New York City
U.S. stocks advanced at opening on signs of cooling economy and strong earnings from IBM. The Labor Department said the CPI rose by just 0.2% in June, the smallest increase in four months, but core inflation, excluding energy and food, rose by 0.3%, higher than the 0.2% expected. Signs of slowing housing market were received from a report which said that construction of new homes fell by 5.3% in June. IBM rose 3% on strong quarterly earnings, while Yahoo dropped 19% on revenue outlook.
Elena
19 Jul, 2006
New York City
JPMorgan Chase & Co. rose 1.2% after the nation''s third largest bank reported sharply higher Q2 profit of 99 cents a share, compared with 28 cents a share last year on 19% revenue growth, beating estimates of earnings of 87 cents a share on revenue of $15.3 billion. Piper Jaffray Companies posted Q2 net income rise to 21 cents per share from 6 cents a year ago on increasing investment banking and interest revenue.
Elena
19 Jul, 2006
New York City
Following Tuesday
