123jump.com Staff
01 Mar, 2006
New York City
Mild rise in inflation indicator, healthy consumer spending and stable construction spending in January all supported the rise in broader averages. Semiconductor stocks rose as several brokers indicated positive comments. Altera, National Semi and Texas Instruments gained. AutoDesk and American Eagle rose more than 10% on earnings. India based ADRs including Infosys, Satyam, Tata Motors and ICICI gained. Closed-end funds India Funds jumped more than 3%. GM and F January auto sales declined.
Elena
01 Mar, 2006
New York City
Stocks advanced Wednesday on upbeat economic data and gains in big-cap tech stocks like Cisco Systems which drove the Nasdaq up 1%. Autodesk posted Q4 profit rise, beating estimates and raised its financial forecast for 2007. Personal income rose 0.7% in January, higher than the expected 0.6% rise, while personal spending grew 0.9%, slightly below forecasts of 1% growth.
Elena
01 Mar, 2006
New York City
Stocks advanced Wednesday morning on speculations that consumer income and spending data would give the Fed Reserve reason to end its interest-rate hikes. Design software maker Autodesk posted Q4 profit rise of 33 cents a share, beating estimates and raised its financial forecast for 2007. Luxury retailer Saks posted Q4 profit loss of 2 cents a share vs. profit of 68 cents a year ago, blaming charges. Saks plans to pay a special $4 cash dividend.
Elena
01 Mar, 2006
New York City
Asian markets closed mixed. The Nikkei tumbled 1.5% hurt by auto and tech stocks, while Indian Stock Exchange index hit a fresh all-time high of 1.9% at 10,565.47. European averages recovered from recent losses on gains in Vivendi Universal and Xstrata. Pilgrim''s Pride said it was withdrawing its previously-issued outlook for Q2 and the full fiscal year. Personal income rose 0.7% in January, while personal spending grew by 0.9%.
123jump.com Staff
28 Feb, 2006
New York City
It was a day of sentiments reversal. Weakening home sales, weak revision of Q4 GDP to 1.6% and decline in consumer confidence dragged market averages. For the moth Dow is up 1.2%, S&P up 0.04% and Nasdaq lost 1.1%. Google stock came under heavy selling as investors read latest comments from its CFO. The stock declined 13% before recovering to a loss of 7.1%. Staples closed at one year high on earnings. Markets in UK and Germany were down 1.4% and 2.1%.
Elena
28 Feb, 2006
New York City
Stocks moved further lower after CFO of Google reported that growth at the Internet search giant is slowing down. Concerns over inflation and further interest-rate hikes also weighed on sentiment. The second reading of Q4 GDP showing faster economic growth, renewed concerns over inflation and further interest-rate hikes. Consumer confidence index fell to 101.7 in February. Existing home sales in January fell 2.8% to a seasonally adjusted annual rate of 6.56 million units.
Elena
28 Feb, 2006
New York City
Concerns over inflation and further interest-rate hikes sent stocks lower as the government released its second reading of Q4 GDP which showed economy grew at slightly faster rate. The GDP figures were up to 1.6% from 1.1%, meeting expectations. The GDP deflator rose at an annualized pace of 3.3%, above the estimated 3% increase. Apollo cut its Q2 profit and revenue forecast and suspended its 2006 outlook. Google dropped after CFO reported the company develops at slower pace.
Elena
28 Feb, 2006
New York City
Asian-Pacific benchmarks finished mixed. The Nikkei edged up 0.1%, supported by overseas demand and new domestic investment funds. Indian shares hit an all-time high of 0.9% tp 10370.24. European averages traded lower at mid-day, hurt by utilities and metals stocks. All indexes fell 0.4%. The government''s second reading of Q4 GDP matched expectations with 1.6% annualized growth. The GDP deflator rose at an annualized pace of 3.3%.
123jump.com Staff
27 Feb, 2001
New York City
Merger news in Europe dominated market. On the back of strong gains across the board in Asia, markets in Europe and in North America advanced except in Mexico. Commodities stocks sold-off as prices of oil, gold and copper fell. Lowes delivered strong earnings as stock peaked yearly high. Broader averages are close to gaining more than 2% as February trading closes. Five percent fall in January new home sales is to be followed by existing-home sales and initial read on Q4 GDP reports tomorrow.
Elena
27 Feb, 2006
New York City
Stocks were driven higher by oil prices drop and better-than expected earnings from Lowe''s which eased concerns about corporate ptofits. The home improvement retailer posted Q4 profit rise of 87 cents a share on 7.8% same-store sales rise, beating estimates. The Nasdaq was the best performer, climbing 0.9%, supported by upgrades of SanDisk and M-Systems Flash Disk Pioneers to buy from hold.
Elena
27 Feb, 2006
New York City
Stock averages opened higher as falling oil prices and better-than expected earnings from Lowe''s Cos eased concerns about corporate ptofits. The retailer posted Q4 profit rise of 87 cents a share on 7.8% same-store sales rise, beating estimates. A report saying that Apple Computers may acquire Walt Disney also provided support. SanDisk and M-Systems Flash Disk Pioneers were upgraded by Citigroup to buy from hold.
Elena
27 Feb, 2006
New York City
Asian markets broadly rallied on continuing strong fund flows. The Nikkei rose 0.5%, South Korean Kospi climbed 0.6%, and India stock Exchange sensitive index gained 0.7%. European stocks traded positive at mid-day, supported by overtake news in the utility sector. In deal news, National Grid announced it agreed to acquire KeySpan for $7.3 billion, or $42 per share to create the third-largest energy delivery utility in the U.S. Lowe''''s Cos posted Q4 profit rise above estimates.
123jump.com Staff
24 Feb, 2006
New York City
Market for the most part paid attention to the rising oil price. Foiled attack at an oil refining facility in Saudi Arabia. Fall in January durale goods orders had little impact on trading. Gold rose in sympathy with rise in oil price. Casino stocks rose on the back of recent earnings from MGM, Las Vegas Sands and Wynn Reosrts. Markets in Brazil, U.K., Norway and Canada rose as in Mexico, South Africa and India fell.
Elena
24 Feb, 2006
New York City
U.S. blue chips fell after a report of an explosion and shooting at a Saudi Arabian oil facility sent oil back to over $62, raising concerns about high energy costs and inflation. A disappointing report on factory orders further weighed. Patent-holding NTP asked a judge to award it $126 million in damages and issue an injunction against RIM, the maker of BlackBerry, for violating its patents, but all of the 3 patents remaining in dispute were rejected by the U.S. Patent and Trademark Office.
Elena
24 Feb, 2006
New York City
U.S. stocks opened lower on a report of an explosion and shooting at a Saudi Arabian oil facility which sent oil up $1.22 to $61.76 a barrel. A disappointing report on durable goods orders further weighed on sentiment. Wynn Resorts posted a narrower Q4 net income loss of $11.4 million. Gap reported Q4 profit drop of 11% on lower sales. Nordstrom posted 36% profit jump in Q4, or 69 cents a share, beating estimates but the full-year outlook was below forecasts.
