Elena
09 Mar, 2006
New York City
Asian-Pacific benchmarks closed largely in the positive as the Bank of Japan announced a decision to abandon its ultra-easy monetary policy and return to a more normal policy. The news sent the Nikkei 2.6% higher to 16,036.91 and boosted the yen to 117.44 against the dollar. Among other regional markets, Taiwan Weighted index rose 0.4%, while South Korean Kospi declined 0.2%.
123jump.com Staff
08 Mar, 2006
New York City
Markets are adjusting to events at the same time. Rising interest rates and falling oil prices. Rates are likely to rise to 5.25% in the near-term and oil fell 2.5% today and if not for the fear factor could trade as los as $55 per barrel. Emerging markets colntinued their slide for the second day in a row. NYSE Group trades up 25% on its first day of trading. Investors are likely to bid the stock highe in the coming days.
123jump.com Staff
08 Mar, 2006
New York City
Market recovered in the afternoon and rally intensified as the market draws near close. The NYSE Group IPO rose $15 and trades ear $79. Emerging markets sold-off around the world. Retail stocks gained including Nordstrom, Pacific Sunwear, Best Buy and Urban Outfitters rose 3%. Google declined 3% on the lower revenue forecast release. Sotheby rose 13% on 39% rise in earnings.
Elena
08 Mar, 2006
Frankfurt
European stocks closed in the negative, led by the German DAX 30, down 1.2%. Google fell 2.5% after it released unauthorized data on profit and sales projections on its Web site. Goldman Sachs cut its price target for shares of Google to $490 from $500. Caterpillar dropped 2%. Microsoft rose 1.2%. Retailers gained at mid-day with Best Buy rising 2.6%, Nordstrom also up 2.6% and Pacific Sunwear, up 1.6%.
Elena
08 Mar, 2006
New York City
Averages traded weak Wednesday morning with the Nasdaq standing out as the biggest decliner, dragged by Google, which fell 2.5% after it released unauthorized data on profit and sales projections on its Web site. Goldman Sachs cut its price target for shares of Google to $490 from $500. Among Dow components, Caterpillar dropped 2%. Microsoft rose 1.2%. Retailers gained at mid-day with Best Buy rising 2.6%, Nordstrom also up 2.6% and Pacific Sunwear, up 1.6%.
Elena
08 Mar, 2006
New York City
U.S. stock averages rebounded from earlier losses with support provided by declining oil prices. Crude futures fell 38 cents to $61.20 a barrel on the Nymex after OPEC agreed to keep output levels on rising concerns about Iran''s nuclear program. Shares of the NYSE Group soared 12% on the first day of trading in the exchange''s 213-year history. Lexar Media rose 19% as it agreed to be acquired by Micron. Distributed Energy Systems was one of the biggest decliners with a loss of 29%.
Elena
08 Mar, 2006
New York City
U.S. stocks started lower Wednesday hurt by worries about interest-rates increases as the 10-year Treasury note jumped to 4.75%. Unauthorized information on profit and sales projections was released by Google which led tech stocks to the downside.
Elena
08 Mar, 2006
New York City
U.S. stocks pointed to a lower opening with investors still concerned about interest-rates increases. An unvoluntarily released internal sales forecast from Google also weighed on sentiment, leading tech stocks to the downside. Further decline in crude oil prices failed to limit losses.
Elena
08 Mar, 2006
Frankfurt
European stocks traded lower at mid-day with investors eyeing strong earnings reports. The German DAX 30 slipped 1.3% and London FTSE 100 fell 1.1% on weak mining stocks. Asian-Pacific benchmarx extended losses Wednesday as the Bank of Japan started re-examining the monetary policy. The leading decliner was Shanghai Composite, down 1.6%. The Nikkei slipped 0.8%.
Elena
08 Mar, 2006
New York City
Asian-Pacific benchmarks extended losses Wednesday as the Bank of Japan started re-examining the monetary policy. The leading decliner was Shanghai Composite, down 1.6%. South Korean Kospi fell 1.1% with Samsung Electronics down 2.4%. The Nikkei slipped 0.8%.
123jump.com Staff
07 Mar, 2006
New York City
Bond market yields floated above 4.7% for the most part of the day and closed at 4.742% causing traders to sell stocks in Latin America, Europe, Canada and Mexico. Tech stocks in the U.S. led decline among all the secots. Falling energy prices caused sell-off in drillers and explorers. Brazil lost 2.83% and South Africa lost 3.8% on worries of the upcoming negotiations between miners and steel makers.
123jump.com Staff
07 Mar, 2006
New York City
Investors brace rising rates and markets from Asia, Europe, South Africa and in North and South America report sell-offs. South Africa lose 3.8%, Brazil down 2.83%, Mexico 2.3%, Argentina 2.2%, Korea 2.1%, Norway 0.96%. U.S. average Nasdaq led the delciners and tech stocks sell-off induced by earnings guidance from Texas Instuments. Commodities including crude oil, gold and copper suffer losses.
123jump.com Staff
07 Mar, 2006
New York City
Broader averages in the U.S. have managed a slight rebound but maintain a negative bias as market nears last 30 minutes of trading. Tech stocks are still in the negative column. Markets across the Latin America region declined on the rising rate in the U.S. of the major markets in the region Brazil, Mexcio and Argentina lost 2.8%, 2.2% and 2.2% respectively.
123jump.com Staff
07 Mar, 2006
New York City
Broader market averages still maintain negative bias with worsening sentiment for tech stocks. Internet stocks are on decline led by fall in stock price of Google, Yahoo, CNET, Value Click and Real Networks. Other notable tech stocks RIM, SanDisk, Advannced Micro and EMC decline by more than 1%, however Apple traded up 1%. April Crude oil is down 83 cents.
123jump.com Staff
07 Mar, 2006
New York City
Market averages remain under pressure in the early afternoon. Tech stocks sell as telecom, Internet, homebuiders, miners and energy stocks decline. Crude oil lost another $1.03 today gold has lost near $15 in the last three session and copper and copper and silver are in decline as well.
