Elena
28 Mar, 2006
Frankfurt
European averages rebounded from earlier gains to close lower. Stocks were dragged by weakness in the telecom sector and cautiousness over interest rates increases. Upbeat economic data on German business sentiment failed to offset losses. The German DAX 30 fell 0.2%, the French CAC 40 dropped 0.6%, and London FTSE 100 lost 0.4%.
Elena
28 Mar, 2006
New York City
Cautiousness ahead of the Fed Reserve''s decision on interest rate hikes kept sttocks trading in a tight range. A sharp jump in crude oil prices to $65.75 contributed to solid gains in the energy sector. Notable gains were shown by Honeywell, Alcoa, and ExxonMobil.
Elena
28 Mar, 2006
New York City
Stocks started trading near the flat line on cautiousness ahead of the Fed Reserve''s decision on interest rate hikes. Banks and insurers, which are interest rate-sensitive stocks, slipped. An increase in oil prices sent the energy sector 1.4% higher, but helped airline stocks move to the downside with the whole sectordown 1%. Strength in networking stocks boosted the Nasdaq, with Ciena and Tellabs standing out as the best performers.
Elena
28 Mar, 2006
New York City
Stocks started trading near the flat line on cautiousness ahead of the Fed Reserve''s decision on interest rate hikes. Banks and insurers, which are interest rate-sensitive stocks, slipped. An increase in oil prices sent the energy sector 1.4% higher, but helped airline stocks move to the downside with the whole sector down 1%. Strength in networking stocks boosted the Nasdaq, with Ciena and Tellabs standing out as the best performers.
Elena
28 Mar, 2006
New York City
Stock futures pointed to a slightly weak opening with ivestors awaiting the Fed Reserve''s decision on interest rate hikes. Homebuilder Lennar reported 34% earnings jump in Q1 on 35% revenue growth, beating expectations. Jewelery retailer Tiffany posted Q4 profit decline of 97 cents a share from $1.48 a share last year, despite sales growth, but still exceeding estimates.
Elena
28 Mar, 2006
Frankfurt
European stocks traded mostly higher at mid-day, supported by auto and technology stocks. The German DAX 30 rose 0.3% on upbeat economic data, offsetting losses ahead of Fed Reserve''s decision on interest rates. The French CAC 40 gained 0.3%, while London FTSE 100 lost 0.1%.
Elena
28 Mar, 2006
New York City
Asian-Pacific benchmarks finished mostly higher, ignoring worries about interest rate increases. The Nikkei rebounded from early weakness to rise 0.2% to 16,690.24, lifted by technology, metals and retail stocks, while bank and brokerage issues dropped. Taiwan Weighted index rose 0.5%, Hong Kong Hang Seng gained 0.3%, and Shanghai Composite addded 0.2%.
Elena
27 Mar, 2006
New York City
Interest rates were in focus as traders turned their focus to the
outcome of th Fed meeting on Tuesday. Fed has raised interest rates 14
times since June 2004 to 4.5% and is widely expected to raise rate by
a 25 basis points to 4.75%. Tobacco stocks fell as Altria lost 1.2%.
Emerging markets rose led by India gaining 1.2%. Brazil Finance
Minister resigned.
Elena
27 Mar, 2006
New York City
Ahead of Fed Reserve''s decision on interest rates, stocks traded in a lackluster fashion. The Dow and S&P 500 traded below the flat line, while the Nasdaq showed strength. The worst performers were pharmaceutical stocks, dragged largely by AstraZeneca, down 2.9%. Biopharnmaceutical company Encysive tumbled 46.5%. Energy stocks were under pressure on lower oil prices, while airline stocks benefited from the decline. Housing and gold stocks were notable gainers.
Elena
27 Mar, 2006
New York City
U.S. stocks traded mixed on cautiousness ahead of FOMC meeting and Fed Reserve''''s decision on interest rates. Blue-chip stocks declined while tech shares showed some strength with Palm and Apple rising 2%. The drug sector posted weakness with AstraZeneca and Bristol-Myers among the worst performers. Energy stocks were also sent lower by a decline in oil prices.
Elena
27 Mar, 2006
New York City
U.S. stocks opened flat on cautiousness ahead of FOMC meeting and Fed Reserve''s decision on interest rates. Drugstore chain Walgreen, the most important company releasing quarterly results today, posted Q2 profit increase of 6.6%. Among other companies, Alvarion posted narrower-than-expected Q4 loss, Cal-Maine Foods reported Q3 profit rise on sales growth, Retalix posted tripled Q4 income on 52% revenue increase.
Elena
27 Mar, 2006
New York City
U.S. stock futures pointed to a higher opening with investors'' attention focused on FOMC meeting and Fed Reserve''s decision on interest rates. The three main indexes were near five-year highs. In earnings news, Alvarion posted narrower-than-expected Q4 loss, Cal-Maine Foods reported Q3 profit rise on sales growth, Retalix posted tripled Q4 income on 52% revenue increase.
Elena
27 Mar, 2006
New York City
European averages traded below the flat line at mid-day on merger speculations. The French CAC 40 dropped 0.3% with Sanofi-Aventis falling 0.7% on agreement to buy part of a generics drug maker, while Thomson rallied 7.8% on news it would be acquired by private equity firms. The German DAX 30 fell 0.1% and London FTSE 100 lost 0.1% on weak oil shares.
Elena
27 Mar, 2006
New York City
Asian-Pacific benchmarks closed higher Monday. The Nikkei rose 0.5% to 16,650.10, lifted by real-estate and consumer-related issues. Australia All Ordinaries surged 1% to 5,088.1, boosted by merger-and-acquisition acrivity and strong resource stocks. South Korean Kospi gained 0.7% on tech stocks, Taiwan Weighted index rose 0.7%, and Hong Kong Hang Seng added 0.6%
123jump.com Staff
24 Mar, 2006
New York City
Market averages traded in erratic fashion on economic news. New homes sales dropped the most in nine years but durable goods orders rose more than expected. Broader averaged lost of most the gains by learly afternoon and failed to recover for the rest of the session. Lucent is in talks to be acquired by Alcatel and investors sell 90% of the offered shars in the IPO of Tim Hortons on 38% gain at the opening.
