Elena
15 Mar, 2006
Frankfurt
European averages closed in the positive, supported by strong resource and tech stocks. BHP Billiton, Rio Tinto, and BP advanced on higher metal prices. STMicroelectronics and Infineon Technologies showed strength in the tech sector. The German DAX 30 rose 0.5%, the French CAC 40 gained 0.2%, and London FTSE 100 advanced 0.4% on merger speculation.
Elena
15 Mar, 2006
New York City
Stocks traded in a tight range, awaiting the Fed Reserve survey of regional economic conditions. The Nasdaq slightly gained after Sears Holdings reported that its Q4 earnings more than doubled. Lehman Bros reported Q1 profit rise of 24% to $1.085 billion, or $3.66 a share on 17$ higher revenue to $4.46 billion. GM edged up on news that the automaker received a bid for its GMAC arm. Bond prices fell, pushing the yield on the 10-year bond higher to 4.73% from 4.69%.
Elena
15 Mar, 2006
New York City
Stocks opened mixed as bond yields moved up. However, the Nasdaq slightly gained after Sears Holdings reported that its Q4 earnings more than doubled. Lehman Bros reported Q1 profit rise of 24% to $1.085 billion, or $3.66 a share on 17$ higher revenue to $4.46 billion. EchoStar Communications posted Q4 profit nearly doubled, but missed expectations. General Motors edged up on news that the automaker received a bid for its GMAC arm by investors led by Kohlberg, Kravis & Roberts.
Elena
15 Mar, 2006
New York City
Lehman Bros., financial-services firm, reported Q1 profit rise of 24% to $1.085 billion, or $3.66 a share vs. $875 million a year ago, when it earned $2.91 a share. Net revenue rose 17% to $4.46 billion. Sears Holdings rose 5% in electronic trading on Inet before the opening bell after posting a higher-than-expected quarterly profit.
Elena
15 Mar, 2001
New York City
European averages advanced at mid-day trading, supported by strong energy and technology stocks after the sharp decline of U.S. bond yields. BHP Billiton, Rio Tinto and BP were among the leading gainers, together with tech companies STMicroelectronics and Infineon Technologies. The German DAX 30 added 0.3%, the French CAC 40 gained 0.3%, and London FTSE 100 rose 0.5%.
Elena
15 Mar, 2001
New York City
European averages advanced at mid-day trading, supported by strong energy and technology stocks after the sharp decline of U.S. bond yields. BHP bIlliton, Rio Tinto and BP were among the leading gainers, together with tech companies STMicroelectronics and Infineon Technologies. The German DAX 30 added 0.3%, the French CAC 40 gained 0.3%, and London TSE 100 rose 0.5%.
Elena
15 Mar, 2006
New York City
Asian markets finished higher, supported by solid gains on Wall Street. the Nikkei rose 0.5% to 16,319.04, despite 1.8% drop in Sony''s stock after the company delayed the release of its PlayStation 3 game console. Hong Kong Heng Seng climbed 1.3%, lifted by property stocks on easing rate-hike concerns. Taiwan Weighted index surged 1.3% on strong tech sector.
123jump.com Staff
14 Mar, 2006
New York City
Markets advanced in the morning on weaker February sales report. Rally ganied momentum as techs partcipated and led further gains in the afternoon. Only GM and P&G did not gain in 30 DOW components. Emerging markets gained for the third day in a row in Latin America, but markets in Russia and Turkey sold-off. Goldman Sachs rose 6% on 64% rise in earnings. crude oil jumped 2% and reached $63 per barrel.
123jump.com Staff
14 Mar, 2006
New York City
Techs extend their early gains as market enters in the final 3o minutes of trading. The home builders and tech stocks are leading the charge. Google reversed the early decline of $3 to a gain of $12, Apple has extended its gain to $1.35, IBM added $1. Goldman Sachs jumped 6% on earnings report. Lehman, Bear Stearns and Merrill Lynch join the rally.
123jump.com Staff
14 Mar, 2006
New York City
Slowdown in February sales prompted a rise in bond prices as traders rushed to buy bonds. Record 2005 current account deficit did not affect market trading instead traders focused on the falling bond yields. Yield on 10-year bond fell to 4.69%. Home builders and other interest rate sensitive stocks rallied. Goldman Sachs rose 6% on strong earnings growth. Mexico and Brazil are trading 0.7% and 1.3% higher.
Elena
14 Mar, 2006
Frankfurt
European markets rebounded from early weakness to close mostly higher, boosted by U.S. markets gains on the back of strong quarterly results from Goldman Sachs. European financial companies like ABN Amro and USB also advanced. The German DAX 30 gained 0.3%, the French CAC 40 added 0.2%, while London FTSE 100 shed 0.04%.
Elena
14 Mar, 2006
New York City
Stocks rose Tuesday, lifted by strong profit from Goldman Sachs and bigger-than-expected increase in business inventories. Financial and materials stocks rose after the Commerce Department said U.S. business inventories rose 0.4%. Goldman Sachs reported 64% rise in Q1 on 61% revenue growth, beating expectations. The stock rose 5.1%. The yield on the 10-year note continued to ease, down 4.71%, providing relief for the equity market.
Elena
14 Mar, 2006
New York City
U.S. stocks recovered from the initial decline, lifted by strong investment banks after Goldman Sachs reported 64% rise in Q1 on 61% revenue growth, beating expectations. The stock rose 4.5% and helped lift other financial shares. Procter & Gamble Co. fell 3.2% to $60.01 after the company lowered its quarterly sales expectations.
Elena
14 Mar, 2006
New York City
U.S. stocks opened in the negative on disappointing economic data and lowered sales outlook from Procter & Gamble. In earnings news, Goldman Sachs reported 64% rise in Q1 on 61% revenue growth. Air Methods swung to profit in Q4 on 32% revenue increase. Evolving Systems also reversed from a net loss of 20 cents per share to report 5 cents income increase in Q4. Southern Union posted $1 loss in Q4, including charges.
Elena
14 Mar, 2006
New York City
U.S. stock futures pointed to a lower start after lackluster close Monday and ahead of economic data due out today. In earnings news, Goldman Sachs reported 64% rise in Q1 on 61% revenue growth. Air Methods swung to profit in Q4 on 32% revenue increase. Evolving Systems also reversed from a net loss of 20 cents per share to report 5 cents income increase in Q4. Southern Union posted $1 loss in Q4, including charges.
