Elena
20 Apr, 2006
New York City
General Motors reported sixth consecutive quarterly loss. The automaker postedQ1 netloss of $323 million, or 57 cents a share, narrower than a loss of $1.3 billion, or $2.22 a share a year-ago. Q1 included a $1.20 a share charge for a healthcare settlement for its retired workers.
Elena
20 Apr, 2006
Frankfurt
European markets advanced at mid-day on strong earnings results from mobile phone giant Nokia and positive news from French companies Vivendi Universal and Groupe Danone. Technology stocks led gainers after Nokia released strong quarterly results. The French CAC 40 led advancers, rising 0.7%, followed by the German DAX 30, up 0.4%, and London
Elena
20 Apr, 2006
New York City
Asian markets finished mixed. The Nikkei edged down 0.2% to 17,317.53 on weakness in energy-sensitive stocks after crude oil prices hit new record-hugh. Across the region, South Korean Kospi dropped 0.4%, Singapore Straits Times felll 0.3%, while Hong Komg gained 0.1%. Australia All Ordinaries also fell 0.1% on weakness in banking and resource stocks.
123jump.com Staff
19 Apr, 2006
New York City
Market attempted a rise in the morning hours of trading but rise in March CPI blunted market advance in the mid-afternoon trading. Gold and silver rose at close and oil rose modestly. Yahoo, Texas instruments and General dynamics rose during regular hours of trading on earnings. AMR reported lower losses. Emerging markets in Brazil, Russia and Indonesia closed higher.
123jump.com Staff
19 Apr, 2006
New York City
Emerging markets scaled new heights in Asia and Latin America. Firm interenational price of metal and energy prices supported a rise in indexes in South Africa, Indonesia, Brazil and Russia. Mexico rose ahead of earnings season. India gained as cement and sugar companies reported earnings.
123jump.com Staff
20 Apr, 2006
New York City
Market is slowly but surely refocusing on earnings. General Motors stock gained 10% on loss of 57 cents vs. $2.22 a year ago. EBay after reporting lower earnings lost 9%. Intel faced a barrage of questions on chip inventories, lower gross margins and coming price war in the conference call. Altria and Bank of America rose a fraction.
123jump.com Staff
19 Apr, 2006
New York City
Market averages meandered in the afternoon trading. March CPI report put equity investors in the cautious mood and weekly Petroleum statistics cooled rise in petroleum prices. IBM and Motorola earnings failed to excite tech investors. Yahoo reported a rise of 33% in revenue and forecasted to have 16 million paid memebers in the subscription services by the end of the year.
Elena
19 Apr, 2006
Frankfurt
European markets extended earlier gains to close sharply higher, boosted by hopes that the Fed Reserve will stop raising interesrt rates. Construction, household goods and utilities stood out as leading gainers among stocks. The German DAX 30 climbed 1.5%, the French CAC 40 rose 1.2%, while London FTSE 100 advanced 0.7%.
Elena
19 Apr, 2006
New York City
U.S. stocks traded little changed Wednesday as disappointing inflation data overshadowed optimism over corporate results. Yahoo advanced 7% after reporting Q1 earnings rise, in line with estimates. United Technology was the best Dow component, jumping 5.6% on a better-than-expected increase in quarterly earnings and lifted 2006 profit outlook. BlackRock jumped 6.6% on Q1 earnings rise of 52%, driven by higher asset-management fees.
Elena
19 Apr, 2006
New York City
Sensex Index gained 0.6% on steady buying in large cap stocks. Cement, metals, sugar and select pharma stocks rose in the afternoon session. Debt revision from a rating agency helped the market sentiment. Metals stocks rallied as international price of aluminum and copper rose. Hindalco, SAIL and Tata Steel led advancers.
Elena
19 Apr, 2006
New York City
Stocks opened higher on robust corporate results, but disappointing inflation data limited gains. Honeywell International reported Q1 net income of 52 cents a share, up vs. 42 cents a share last year on 12% sales growth, exceeding estimates. Pfizer topped expectations, posting Q1 earnings rise of 56 cents a share, despite decrease in revenue. Yahoo advanced 7% after reporting Q1 earnings rise, in line with estimates.
Elena
19 Apr, 2006
New York City
A number of Dow components advanced in pre-market trading on quarterly results. Honeywell International reported Q1 net income of 52 cents a share, up vs. 42 cents a share last year on 12% sales growth, exceeding estimates. Pfizer topped expectations, posting Q1 earnings rise of 56 cents a share, despite decrease in revenue. J.P. Morgan Chase & Co. reported 35% income rise in Q1 of 86 cents a share, beating estimates.
Elena
19 Apr, 2006
Frankfurt
European shares posted solid gains at mid-day, following the best one-day performance yesterday on hopes that the U.S. interest rate-tightening cycle was close to an end. The German DAX 30 led advancers, climbing 1.4%, followed by the French CAC 40 which rose 1.1%, and London FTSE 100 which advanced 0.6%.
Elena
19 Apr, 2006
New York City
Asian markets posted solid gains at close, reflecting strength on Wall Street and speculations the Fed Reserve will stop increasing interest rates. The Nikkei rose 0.7% on tech and property stocks. South Korean Kospi advanced 1.3%, supported by Samsung Electronics and LG Electronics. Taiwan Weighted index gained 1.1%, Singapore Straits Times rose 0.9%, and Australia
123jump.com Staff
18 Apr, 2006
New York City
Sharp gains in market averages reflected enthusiam of investors on interest rates. Recent Fed minutes of meetings suggested that Fed may be near completion of rate hike campaign. Caterpillar, International Paper and Alcoa rose more than 3%. Home builders, retailers and industrials advanced. Copper closed at new high and oil reached near $72. Brazil and India led emerging markets with more than 2.5% gains.
