Elena
24 Feb, 2006
New York City
Asian markets closed mixed. The Nikkei edged down 0.04% on weaker dollar, while Taiwan Weighted index rose 1%. European averages traded in the positive at mid-day, supported by WPP, Lloyds TSB, and Sanofi-Aventis. In earnings news, Wynn Resorts posted a narrower Q4 net income loss of $11.4 million. Gap reported Q4 profit drop of 11% on lower sales. New orders for durable goods fell 10.2% in Jan, from a revised 2.5% gain in Dec, vs. expectations of a 1% decline.
123jump.com Staff
23 Feb, 2006
New York City
It was a day when broader averages sank but select tech and financial stocks closed higher. discount brokers, asset managers and select financial services stocks ralled with Internet stocks of the U.S., China and India based companies. Google jumped $12, Ctrip from China and Rediff from India gained during the day. Unemployment claims and oil report failed to sway the market direction. Reuters stock lost 12%. Gap reported earnings of 39 cents and 13% lower store traffic.
Elena
23 Feb, 2006
New York City
Stocks traded mixed to lower as investors failed to find further upside to extend gains and turned to profit-taking. Oil prices dropped below $60 on increased inventories. Toll Bros beat estimates, posting Q1 net income rise of 49%, with revenue up 35% to $1.34 billion. CBS posted a narrower Q4 net loss of $6 a share vs. a loss of $10.99 a share a year ago. Reuters Group PLC dropped after the company posted 25% profit rise in 2005 but a disappointing 2006 outlook.
Elena
23 Feb, 2006
New York City
Stocks opened lower as investors turned to profit-taking on inflation concerns and disappointing earnings from Viacom. Toll Bros beat estimates, posting Q1 net income rise of 49%, with revenue up 35% to $1.34 billion and its backlog up 22% to $5.95 billion. CBS posted a narrower Q4 net loss of $6 a share vs. a loss of $10.99 a share a year ago. Shares of Reuters Group PLC dropped after the company posted 25% profit rise in 2005 but a disappointing 2006 outlook.
Elena
23 Feb, 2006
New York City
Asian markets sharply rose. The Nikkei led the gainers, surging 2%, closely followed by South Korean Kospi, up 1.5%. European markets hit new multi-year highs at mid-day with the German DAX 30 rising 0.2%. Toll Bros beat estimates, posting Q1 net income rise of 49% to 98 cents a share, with revenue up 35% to $1.34 billion and its backlog up 22% to $5.95 billion. CBS posted a Q4 net loss of $6 a share, narrower than a loss of $10.99 a share a year ago.
123jump.com Staff
22 Feb, 2006
New York City
Core rate of Consumer Price Index was reported at 0.2% for January 2005. Head-line rise in CPI was 0.7%, higher than expected. Oil declined by 3%. Martha Stewart rose 15% on earnings news. Jack In The Box closed up 10% on strong rise in sales. Landry''''s Seafood closed up 3% on earnings rise.
Markets in Brazil, India and Mexico closed higher. European shares gained on the back of rise in the U.S. stocks.
Elena
22 Feb, 2006
Frankfurt
U.S. stocks advanced, reflecting eased concerns about higher interest rates and inflation on upbeat economic data and oil prices drop. Shares of Intel were under pressure after it was downgraded on inventory concerns. In earnings news, Sprint Nextel, Harrah''s Entertainment and Big Lots reported Q4 profit drop below estimates. Taser profit dropped 98% in Q4 on lower sales and higher expenses. The Chinese Internet search system Baidu com.Inc. reported quadrupled profit that beat expectations.
Elena
22 Feb, 2006
New York City
U.S. stocks advanced at opening after a report on consumer prices brought relief to the market, easing concerns about higher interest rates. In earnings news, Sprint Nextel, Harrah''s Entertainment and Big Lots reported Q4 profit drop below estimates. Taser profit dropped 98% in Q4 on lower sales and higher expenses. The Chinese Internet search system Baidu com.Inc. reported quadrupled profit that beat expectations.
Elena
22 Feb, 2006
New York City
Asian markets closed broadly down, hurt by weakness on Wall Street. The biggest loser was Taiwan Weighted index, down 1.5%, followed by the Nikkei with a drop of 0.7%. European averages were also weak, despite gains from miners and brewers. The Chinese Internet search system Baidu com.Inc. reported quadrupled profit that beat expectations. Sprint Nextel, Harrah''s Entertainment and Big Lots reported Q4 profit drop below estimates. Taser profit dropped 98% on lower sales and higher expenses.
123jump.com Staff
21 Feb, 2006
New York City
Morning mild optimism was quickly lost as oil and natural gas rose steadily throughout the day. Wal-Mart and Federated earnings disappointed the market. Home Depot delivered better than expected earnings of 60 cents. Fed minute of meeting and rise in oil and natural gas price set the tone for the trading for the most of the afternoon. General Motors unsecured debt was lowered by Moody. Only eleven of thirty Dow components rose during the session.
Elena
21 Feb, 2006
New York City
Stocks declined on upbeat economic data and strong earnings which raised concerns about further interest rate hikes. Wal-Mart also weighed on mood posting less stellar results of 13.4% profit jump in Q4. Home Depot reported 23% net income rise in Q4 on 16% revenue increase and 5.5% same-store sales rise, beating estimates. Federated Department Stores said Q4 profit rose 59% from last year, above expectations.
Elena
21 Feb, 2006
New York City
Stocks slightly advanced Tuesday on stronger-than-expected earnings from Home Depot and Federated Department Stores. Home Depot reported 23% net income rise in Q4 on 16% revenue increase and 5.5% same-store sales rise. Federated said Q4 profit rose 59% from last year. Wal-Mart posted 13.4% profit jump in Q4 on $60.22 billion, or 8.6% revenue growth, beating estimates. Citi Trends announced a public offering price of $42.25 per share for the 1,675,000 shares of its common stock.
Elena
21 Feb, 2006
New York City
Asian-Pacific benchmarks ended mixed. The Nikkei surged 3% on signs of strong economic improvememt, followed by Shanghai Composite, up 1.7%. European averages advanced at mid-day, led by the German DAX 30, up 0.8%. In earnings news, top retailer Wal-Mart posted 13.4% profit jump in Q4 on $60.22 billion, or 8.6% revenue growth, beating estimates. Home Depot reported Q4 net income rise to 60 cents a share on 16% revenue increase and 5.5% same-store sales rise, exceeding estimates of 56 cents.
Elena
20 Feb, 2006
Frankfurt
Asian markets ended mixed on bullish export data. The Nikkei dropped 1.75%, while South Korean Kospi rose 1.2%. European averages finished mixed with London FTSE 100 rising 0.2%, supported by gains in oil majors and bourses in Germany and France dragged by telecoms and Sanofi-Aventis. The U.S. markets are closed Monday for Presidents Day holiday. Wal-Mart, Chesapeake Energy Corp., and Host Marriott are among the major companies expected to release earnings during the week.
Yordanka
19 Feb, 2006
New York City
Long expected IPO of Morgans Hotel Group made a weak performance in the market this week. After pricing at the midpoint of its estimated range, its shares lost almost 1% and are currently trading at their initial offering price.
