Elena
07 Mar, 2006
Frankfurt
European markets closed lower on mixed U.S. stocks and sharp losses in the resource sector. London FTSE 100 led decliners, falling 0.6%. A disappointing guidance from Texas Instruments and general weakness in the tech sector drove the S&P 500 and Nasdaq lower. But the Dow slightly advanced, with gains in blue chip stocks like General Motors, Procter & Gamble, Honeywell.
Elena
07 Mar, 2006
New York City
Stocks were mostly weak on higher bond yields and worries about further interest rate hikes. The Dow recovered in early morning, supported by gains in major stocks. General Motors stood out among gainers with an advance of 1.7%. GM freezes pension benefits of employees hired after Jan 1, 2001. This will reduce pension liability by $1.6 billion and 2007 pretax expenses by $420 million. The index was also helped by Honeywell International which rose 1.5% and Procter & Gamble, up about 1.2%.
Elena
07 Mar, 2006
New York City
Stocks slightly recovered from the early drop on rising bond yields, inflation worries and losses in the tech sector. On Tuesday morning the yield on the 10-year Treasury note rose to 4.77%. Myogen slipped 10% after it announced a loss for 2005. The company also revealed a licensing deal with GlaxoSmithKline. Sunrise Senior Living was a notable gainer after posting Q4 earnings increase and lifted 2006 earnings guidance. The stock jumped 10%.
Elena
07 Mar, 2006
New York City
Stocks opened weak, reflecting rising bond yields, inflation worries and losses in the tech sector. On Tuesday morning the yield on the 10-year Treasury note rose to 4.77%. The main stock to blame for the weakness among tech stocks was Texas Instruments which raised the lower end of its profit forecast range but failed to deliver the strong outlook analysts had expected.
Elena
07 Mar, 2006
New York City
U.S. stock futures were sitting below the flat line, hurt by a disappointing guidance from Texas Instruments. The top supplier of mobile phone chips raised the lower end of its profit forecast range but failed to deliver the strong outlook analysts had expected. Citigroup lowered its rating on Qwest Communications International to sell from hold and BellSouth Corp. to hold from buy.
Elena
07 Mar, 2001
New York City
European averages traded lower at mid-day, dragged by U.S. markets losses overnight and weak resource stocks. The German DAX 30 lost 0.8%, the French CAC 40 dropped 0.7%, and London FTSE 100 slipped 0.9%.
Elena
07 Mar, 2006
New York City
Asian-Pacific benchmarks closed sharply down, hurt by losses on Wall street and awaiting the two-day policy meeting of the Bank of Japan. The Nikkei fell 1.1% on speculations the BOJ would tighten the ultra-easy monetary policy. Among the other outstanding losers, China Shanghai Composite plunged 2.3% on profit taking and South Korean Kospi dropped 2.1%. The dollar bought 117.83 yen.
123jump.com Staff
06 Mar, 2006
New York City
It was a day when rising yield in bond market made investors worried of coroprate profits. Utilities, small cap stocks and interest sensitive housing sector fell. Gold and copper fell. Education Development jumped 12% on a deal to sell the company. GM rose 3%. AT&T,Bell South merger may cut 10,000 jobs. Brazil and Mexico dropped 2.2% and 1% respectively. Asian markets open lower on Tuesday.
123jump.com Staff
06 Mar, 2006
New York City
Three large merger deals, rising bond market yields and falling crude oil prices take the broader averages lower in the afternoon trading. General Motors rose 1.7% and Caterpillar lost 1.9%, the best and worst peformers in the DOW. On light trading volume on NYSE markets are on the delcine. Casino stocks traded higher on the news that Wynn Resorts sold developments rights for $900 million to an Australian company.
Elena
06 Mar, 2001
New York City
U.S. stocks advanced lifted by AT&T acquisition of BellSouth Corp. for $67 billion, GM stake-sale plans and brokerage upgrade of Intel. General Motors announced plans to sell a 17.4% equity stake in Japanese Suzuki Motor Corp., or about 92.36 million shares, for an estimated $2 billion. Citigroup upgraded Intel to buy from hold. Research in Motion rose 14% after it reached a settlement in its patent litigation with NTP.
Elena
06 Mar, 2006
Frankfurt
European markets closed in the positive but off intraday highs, reflecting U.S. stocks decline. London FTSE 100 was the biggest gainer, up 0.7% after reaching a fresh four-year high at mid-day. U.S. stocks slightly declined as shares of oil majors declined on 2% oil prices drop, following an indication that OPEC would not cut production. The 10-year yield rose 3.4 basis points to 4.718%, reaching its highest level since mid-2004.
Elena
06 Mar, 2006
New York City
U.S. stocks advanced lifted by AT&T acquisition of BellSouth Corp. for $67 billion, GM stake-sale plans and brokerage upgrade of Intel. General Motors announced plans to sell a 17.4% equity stake in Japanese Suzuki Motor Corp., or about 92.36 million shares, for an estimated $2 billion. Citigroup upgraded Intel to buy from hold. Research in Motion rose 14% after it reached a settlement in its patent litigation with NTP.
Elena
06 Mar, 2006
New York City
U.S. stocks advanced at opening lifted by AT&T acquisition of BellSouth Corp. for $67 billion, GM stake-sale plans and brokerage upgrade of Intel. General Motors announced plans to sell a 17.4% equity stake in Japanese Suzuki Motor Corp., or about 92.36 million shares, for an estimated $2 billion. Citigroup upgraded Intel to buy from hold. Research in Motion rose 13% after it reached a settlement in its patent litigation with NTP.
Elena
06 Mar, 2006
New York City
Stock futures indicated a positive start of Monday session, following the lackluster trading at the end of last week. A number of merger deals, led by AT&T acquisition of BellSouth Corp. for $67 billion, lifted sentiment. Other telecommunications stocks are expected to rise on speculations of further consolidation in the sector. Research in Motion is expected to open 10% higher on the settlement of a prolonged patent fight.
Elena
06 Mar, 2006
Frankfurt
European averages advanced at mid-day dealings on telecom-consolidation news. London FTSE 100 rose 0.9% to reach a new four-year high at 5910. Asian-Pacific benchmarks finished largely in the positive with the Nikkei rising 1.5% on data showing increased capital investment. Singapore Straits Times rose 0.8% to hit a fresh six-year high. Indian market jumps 1%.
