Elena
02 May, 2006
Mumbai
Indian Sensex closed 176.22 points higher to hit an all-time high at the time when the news of government probe into cement price high hit the market. The Sensex remained on positive territory throughout the session soaring at the opening hours. The index has kept a steady rise in the past three trading sessions, up 3.2% over that time.
Elena
02 May, 2006
New York City
Insurer St. Paul Travelers lifted its 2006 earnings outlook and said it would buy back $2 billion in shares. The stock rose 4.6%. Sirius rose 7% after posting a wider net income loss, reflecting payment of $225 million in stock-related compensation. However, the loss was better than analysts expected. Hovnanian Enterprises Inc. fell 6% after the homebuilder lowered its Q2 profit outlook on slowing sales and production delays.
Elena
02 May, 2006
New York City
Verizon reported Q1 earnings of $1.6 billion or 56 cents a share compared to $1.8 billion or 63 cents per share last year on 25% revenue growth. Excluding special items, the company earned 60 cents per share, a penny above analyst estimates. Pinnacle Entertainment swung to profit in Q1, reporting 28 cents a share, up from a loss of 6 cents a share due to 70% revenue jump. Quarterly results exceeded analyst estimates. Hovnanian Enterprises fell 6% on lowered Q2 and 2006 profit outlook.
Elena
02 May, 2006
Frankfurt
European markets advanced at mid-day, boosted by strength in mining and oil stocks, including companies like BP and Xstrata. Some corporate news also generated positive sentiment with Suisse Credit Group up 2.2%, Lafarage, up 1.7%, Alcatel up 0.8%, and Heineken, up 2.4%. The German DAX 30 added 0.4%, the French CAC 40 rose 0.6%, and London FTSE 100 climbed 0.7%.
Ivaylo
02 May, 2006
New York City
Japan
123jump.com Staff
01 May, 2006
New York City
Market averages rose in the morning and fell in the afternoon on a newsreport that Fed Chairman thinks that market may have misinterpreted his comments. Oil rose in geopolitical tensions drove oil close $74 per barrel. Gold and silver rose on international tensions and weakness in dollar across all major currencies. Illegal immigrants gathered in various cities to press their cause. Meapacking, agricultural farms and restaurants reported fewer workers at jobs.
123jump.com Staff
01 May, 2006
New York City
Market averages declined in the afternoon trading led by a fall in tech stocks. Large companies sold-off as 19 of 11 stocks in Dow fell led by 3% decline in Intel. Wal-Mart rose 2% on same-store sales and Eastman Kodak rose 3%. Oil climbed back on the geopolitical worries in the Middle East. Aramark received a buyout offer taking the stock higher 20%. Kerzner International, casino operator to go private.
Elena
01 May, 2006
New York City
Going into afternoon trading, the Dow Jones index outperformed the Nasdaq and S&P 500 as most of the blue chip stocks moved to the upside. Discount retailer Wal-Mart turned in the best performer on strong same-store sales, followed by oil giant Exxon Mobil which gained on rising oil prices. However, Intel was a notable loser, falling 1.4%. Brokerage stocks also showed weakness with Legg Mason down 6%.
Elena
01 May, 2006
New York City
In late morning trading stocks gave back some ground with averages coming off intraday highs. Brokerage stocks posted losses, with shares of Legg Mason falling down 6%. Stocks of Lehman Brothers and Bear Stearns also moved lower. Commodity stocks moved notably higher helping the indexes remain in the positive. Wal-Mart rose 2.7% after reporting April same-store sales growth of 6.8%, beating forecasts.
Elena
01 May, 2006
New York City
Stock markets traded higher, reflecting upbeat economic data, strong sales report from Wal-Mart Stores as well as merger-and-acqusition news. The discount retailer rose 2.3% after reporting April same-store sales growth of 6.8%, beating forecasts. Boeing agreed to buy aircraft parts supplier Aviall Inc. for $1.7 billion in cash, while Internet service provider Level 3 agreed to buy telecommunications company TelCove Inc. for about $1.08 billion.
Elena
01 May, 2006
New York City
Strong consumer spending data sent U.S. stocks higher at market opening. Market sentiment was also helped by strong sales report from Wal-Mart Stores as well as merger-and-acqusition news. The discount retailer reported April same-store sales grew 6.8%, beating forecasts. Boeing agreed to buy aircraft parts supplier Aviall Inc. for $1.7 billion in cash, while Internet service provider Level 3 agreed to buy telecommunications company TelCove Inc. for about $1.08 billion.
Elena
01 May, 2006
New York City
U.S. stock futures predicted a positive market opening on personal spending and income data. In earnings news, food distributor Sysco Corp. announced Q3 net income drop of 30 cents a share from 34 cents a year ago, missing analyst estimates. Par Pharmaceutical reported Q1 earnings rise of 24 cents per share on revenue growth, meeting expectations. Humana reported net income for Q3 of 40 cents per share, down from 65 cents per share last year, despite 39% revenue growth.
Ivaylo
01 May, 2006
New York City
Tokyo
123jump.com Staff
28 Apr, 2006
New York City
Microsoft stock dropped 11.4% as the company missed earnings forecast and guided lower earnings for the fiscal year. The company plans to spend close to $2 billion in chasing Yahoo and Google to energize its search and AdCenter business and gaming console business. The company has bought back $5 billion of its own shares in the reported quarter and plans to spend another $6.5 billion in the current quarter to purchase its own stock.
123jump.com Staff
28 Apr, 2006
Metals
Market averages closed lower led by a sharp decline in tech stocks. Microsoft closed 11.4% lower on an earnings miss and lower guidance for the current fiscal year. Citigroup led the financial sector higher. Gold and silver closed up to a record high. Gold rose 12% for the month and silver closed up 7% on the launch of ETF named SLV. Preliminary read on the first quarter GDP growth rate came in at 4.8% lower than 5% estimated. The U.S. dollar fell to eleven month low against euro.
