Elena
12 Apr, 2006
New York City
Boeing Co. soared to a new all-time high on news that China finalized a purchase agreement for 80 commercial jetliners from Boeing at a list price of $4.6 billion, followed by a positive comment from a Morgan Stanley analyst who said that the company''s earnings could double from 2006 to 2009. The stock rose 4%.
Elena
12 Apr, 2006
Mumbai
On the heels of weak Asian markets, Sensex in India lost 2.6% for the first time in two years. International fund managers sold more than $200 million of stocks in the last three trading sessions. In volatile trading several leading stocks of IT, telecom, pharmaceuticals and banking sectors stock fell more than 5%.
Elena
12 Apr, 2006
New York City
Stock averages opened mixed on better-than-expected earnings and downgrade of Google. Circuit City posted Q4 65% profit growth with net sales rising 12.8% on 11.6% increase in comparable store sales. Gannett posted Q1 income dropred to 99 cents a share, in line with expectations. Harley-Davidson reported 3.3% earnings rise in Q1, matching expectations. The company shares dropped 4%.
Elena
12 Apr, 2006
New York City
Stock index futures indicated flat opening as soaring oil prices and disappointing sales of a key drug by Genentech hurt sentiment. The biotechnology company reported higher quarterly profit on strong sales of cancer medicines, but disappointing sales of a drug treating rheumatoid arthritis. Circuit City posted net sales rise of 12.8% on 11.6% increase in comparable store sales. Gannett posted Q1 income dropred to 99 cents a share, in line with expectations.
Elena
12 Apr, 2006
Frankfurt
European markets traded in the negative at mid-day, reflecting a sharply lower close of U.S. markets and concerns that the strong increase in the oil price and the industrial metals will lead to higher interest rates. London FTSE 100 fell 0.6%, the German DAX 30 lost 0.6%, and the French CAC 40 dropped 0.9%.
Elena
12 Apr, 2006
New York City
Asian markets closed deeply in the red, reflecting weak high technology stocks and concerns that rising oil prices could hurt U.S. consumer spending and exporter issues. Regional decliners were led by the Nikkei which fell 1.5% to 17,162.55. Australia All Ordinaries was the second worst performer, falling 0.9%. Singapore Straits Times fell 0.3% and South Korean Kospi slipped 0.2%.
123jump.com Staff
11 Apr, 2006
New York City
Market averages declined on worries stemming from commodities prices and stubborn oil prices. Bond yields stayed near 5%. Gold traded near $600 and silver and copper gained. European stocks fell led by a sharp decline in Italy. Emerging markets declined led by Brazil, Argentina and Korea. Bausch & Lomb is now 45% below peak price of $89 in mid-year 2005.
123jump.com Staff
11 Apr, 2006
New York City
Emerging markets in general declined with the sharpest declines registered in Brazil, Argentina and Korea. Pakistan market index climbed another 0.5% and has gained more than 1,100% in the last five years of trading trailing only Russia and India with gains of 3,300% and 180%. Russian Central Bank reported trade surplus of $12 billion in February matching January surplus of $12.12 billion. Brazil and Mexico declined ahead of Easter holidays.
123jump.com Staff
11 Apr, 2006
New York City
Bausch & Lomb declines close to 45% from July 2005 peak of $89. Stock has been in steady decline and suffered heavy losses in the last two days of trading erasing all the gains since 2003. On the other hand, McGraw Hill is trading near all-time high of $59. The company stock has made a steady climb of 90% in the last five years.
Elena
11 Apr, 2006
New York City
European stocks steeply dropped at close. The Italian MIB-30 stock exchange dropped 2% on diminished prospect for economic reforms as opposition leader Romano Prodi claimed a very thin election victory over Premier Silvio Berluskoni. The German DAX 30 dropped 1.6%, the French CAC 40 fell 1.5%, while London FTSE erased earlier gains to trade down 0.8%.
Elena
11 Apr, 2006
New York City
U.S. stocks fell sharply as surging oil prices renewed fears about the impact of energy costs on corporate profits and consumer spending. Concerns about higher fuel costs overshadowed better-than-expected earnings from Alcoa. Technology, airline and housing stocks moved to the downside. Oil stocks like Exxon Mobil, Chevron and ConocoPhillips advanced.
Elena
11 Apr, 2006
New York City
Another rise in oil and gasoline prices generated negative sentiment and dragged the broader market lower. A barrel of light crude jumped over $69 on the Nymex where gas traded at $2.03 per gallon and investors grew anxious of higher energy costs and their impact on corporate profits. Shares of Bausch & Lomb slipped 17% on reports that the company''s contact lens solution caused eye infections.
Elena
11 Apr, 2006
New York City
U.S. stocks opened slightly higher as stronger-than-expected quarterly results from Alcoa offset negative sentiment, brought by rising oil prices. Alcoa posted more-than-doubled quarterly income on surging metal prices and robust demand from manufacturers. The company earned 69 cents per share on 16% sales growrth, beating estimates of 51 cents.
Elena
11 Apr, 2006
New York City
U.S. stocks recovered from earlier weakness and looked poised for strong opening after the world''s largest cell phone maker Nokia announced that it was selling phones at higher-than-expected prices. After market close, Alcoa posted more-than-doubled quarterly income on surging metal prices and robust demand from manufacturers. The company earned $260 million, or 30 cents per share on 16% sales growrth.
Elena
11 Apr, 2006
Frankfurt
European stocks dropped at mid-day. The Italian MIB-30 stock exchange fell sharply down to 0.9% on uncertainty over the result of the weekend
