Elena
09 May, 2006
New York City
Stocks were mixed, reflecting cautious trading ahead of FOMC meeting on Wednesday and weakness among tech stocks, following disappointing news from Dell. Computer giant Dell dropped 6.4% as the company issued lowered profit guidance. Chipotle rose 9% on tripled quarterly profit, citing 40% revenue growth. FMC Technoligies climbed 9% on Q1 earnings rise of 67 cents a share on 28% revenure growth, beating estimates.
Elena
09 May, 2006
New York City
Stock futures pointed to a flat start Tuesday ahead of Fed Reserve''s decision on interest rate increases on Wednesday. The U.S. central bank is expected to raise its benchmark interest rate to 5%, but investors will be focused on clues about the future direction of rates. Computer giant Dell dropped 6.4% before the opening bell as the company issued lowered profit guidance. General Motors Corp. climbed 2.2% before the bell as the automaker revised its Q1 results to show a profit.
Elena
09 May, 2006
Frankfurt
European markets rose at mid-day, lifted by gains in the telecoms and automotive sectors which helped offset weakness among technology stocks. Merger-and-acquisition deals provided some support with steelmaker Arcelor rising 2.3% on speculations that Mittal will raise its bid. The German DAX 30 added 0.2%, the French CAC 40 rose 0.4%, and London FTSE 100 climbed 0.6%.
Elena
09 May, 2006
New York City
Asian markets closed mostly in the negative on currency jitters, profit taking and cautiousness ahead of U.S. Fed Reserve
Ivaylo
09 May, 2006
Metals
June gold hit a new high of $688.20 an ounce on the NYME only to close at $679.90 an ounce, $4.40 down. The cooling of prices came as a result of the news that Iranian President Mahmoud Ahmadinejad wrote a letter to President George W. Bush in an effort to offer
123jump.com Staff
08 May, 2006
New York City
Market averages did not trace a direction after rising sharply on Friday. News of two mega-deals drove trading sentiment. Wachovia agreed to buy Golden West Financial for $26 billion and Thermo Electron agreed to merge with Fisher Scientific for $10.6 billion. Dollar fell in Asian trading. The dollar fell to 111 Japanese yen. Singapore dollar and Korean won rose to eight-year high against dollar. Chinese yuan has lost value against other Asian currencies making its export even cheaper.
123jump.com Staff
08 May, 2006
New York City
Market averages traded lacklusted for the most part of the day. Oil and gold fell on the news that Iran has sent a letter to President Bush to find a diplomatic solution. Gold fell more thn $4 but copper rose. News of two large deals kept traders busy. Golden West Financial agreed to be acquired by Wachovia Bank and Thermo Electron and Fisher Scientific agreed to merge.
Elena
08 May, 2006
Frankfurt
European stocks closed mixed as declining oil prices helped markets in Germany and France but weighed on commodity-sensitive London FTSE 100. The German DAX 30 rose 0.25%, the French CAC 40 reversed from a 4
Elena
08 May, 2006
Metals
Stocks were weak in late morning trading, reflecting cautiousness before the FOMC meeting Wednesday, sliding dollar and decreasing oil prices. Three multibillion-dollar merger deals were in the centre of attention. Golden West Financial rose 7.5% on $26 billion bid from Wachovia. Fisher Scientific gained 6% after Thermo Electron offered to acquire it for $10.6 billion. Berkshire announced it was buying an 80% stake in Israel-based Iscar Metalworking Cos. for $5 billion.
Elena
08 May, 2006
Mumbai
Asian stocks were on the rise on a report from the U.S. Labor Department that proved to be slower than expected. The Sensex held positive territory all through the session. Reliance Industries soared, as well as HDFC. Cement stocks gained in the late trading on a greater interest from buyers and on stable product prices. Automotive stocks gained too.
Elena
08 May, 2006
New York City
Stocks opened weak, reflecting cautiosness ahead of FOMC meeting Wednesday and sliding U.S. dollar. Wachovia bid $26 billion for Golden West Financial and Thermo Electron offered $10.6 billion for Fisher Scientific. Apple Computer Inc. rose 1.8% after a judge in Britain ruled that the company''s iTunes Music Store did not infringe on the trademark of the Beatles'' Apple Corps.
Elena
08 May, 2006
New York City
Stock futures pointed to a flat market opening, despite two major merger deals, including Wachovia''s $26 billion bid for Golden West Financial and Thermo electron''s offer of $10.6 billion for Fisher Scientific. In pre-market trading shares of Apple Computer rose 1.6% after a judge in Britain ruled that the company''s iTunes Music Store did not infringe on the trademark of the Beatles'' Apple Corps.
Elena
08 May, 2006
Frankfurt
European markets traded mixed at mid-day as declining oil prices helped markets in Germany and France hit 4 1/2-year highs but weighed on the commodity-sensitive London FTSE 100. All markets gained on strong U.S. markets close Friday after weaker jobs report helped ease interest rate concerns. The German DAX 30 rose 0.5%, the French CAC 40 added 0.4%, while the U.K.
Elena
08 May, 2006
New York City
Asian markets surged on Monday, led by China Shanghai Composite which hit a two-year high, rising 3.95% to 1497.10. The index was boosted by gains in oil and real estate issues, following new stock rules. The Nikkei climbed 0.8%, benefiting from strength in financial and heavy industries. In Hong Kong, the Hang Seng soared 1.7%, supported by metals shares. Australia All Ordinaries rose 1.3%, with Rio Tinto and BHP Billiton each rising 3.6%
Ivaylo
08 May, 2006
New York City
The Nasdaq Composite Index edged up, as did the Morgan-Stanley tech index. The Nasdaq put its weekly tally of gaining to almost 1%. Advancers also outstripped decliners. Activision and THQ rose after their earnings reports were released. Among other leading stocks were Sun Microsystems Inc. and Hewlett Packard.
