123jump.com Staff
23 Jan, 2006
New York City
After a steep sell-off in the large cap and tech stocks in the previous, market opened higher in the morning. Ford and General Motors closed higher by 5% and 9% respectively on initial market reaction to the Ford restructuring plan. Supreme Court refused to hear patent dispute case between RIMM, maker of BlackBerry, and NTP.
Elena
26 Jan, 2001
New York City
Stocks rallied Thursday morning, lifted by better-than-expected earnings and positive data that signaled economic growth. With 54% rise in Q4 profit, Caterpillar counteracted General Motor''s heavy losses in the fourth quarter and full-year. The automaker posted Q4 profit loss of $8.45 a share and a loss of $15.13 per share for 2005. Honeywell posted a Q4 earnings rise in line with estimates. First Data rose 7% after it said it will spin off its Western Union business to shareholders.
Elena
23 Jan, 2006
New York City
Ford Motor was in the focus Monday morning as it brought enough optimism to revive market sentiment after Friday''s selloff. The company posted better-than-anticipated earnings which counteracted the quarterly decline of Bank of America. The bank posted Q4 2% profit decline on loan losses and weak trading results. Bear Stearns raised its rating on Internet media company Yahoo to outperform from peer perform. UBS cut Citigroup to neutral from buy.
Elena
23 Jan, 2006
New York City
Stock averages started in the positive, supported by easing oil prices and better-than-anticipated earnings report from Ford which counteracted the quarterly decline of Bank of America. Ford Motor rose 7% on Q4 profit rise of 8 cents a share vs. 6 cents a year ago, beating estimates by a penny. Bank of America posted Q4 2% profit decline on loan losses and weak trading results. Bear Stearns raised its rating on Internet media company Yahoo to outperform from peer perform.
Elena
23 Jan, 2006
New York City
Asian-Pacific benchmarks fell across the region on higher oil prices and U.S. markets decline. The Nikkei dropped 1.2%, followed by Taiwan Weighted index down 1.7% and Hong Kong''s Hang Seng, down 1.4%. Markets in Europe were also weak with the French CAC 40 the leading decliner, down 0.9%. In earnings news, Bank of America posted Q4 2% profit decline on loan losses and weak trading results. Ford Motor rose 7% following a better-than-expected earnings report.
123jump.com Staff
20 Jan, 2006
New York City
Market was under pressure at the opening and averages declined sharply near close. Dow closed down 1.96%, Nasdaq down 2.35% and S&P down 1.84%. Google dropped 8.5% and closed below $400 for the first time in two months. Key Corp, Johnson Controls and Schlumberger beat earnings forecasts. Semiconductors, techs and banking stocks faced widespread selling, however casinos rose during the day. BlackRock surged 7% on rumoured merger with Morgan Stanley. Dow erased its gain for the year 2006.
Elena
20 Jan, 2006
New York City
Stock averages tumbled Friday morning, hurt by lackluster earnings reports from Citigroup and General Electric, as well as disappointing outlook from Motorola and rising oil prices. Motorola reported Q4 better-than-expected profit, but missed sales growth estimates. GE''''s adjusted earnings met estimates, but revenue figures disappointed. Citigroup posted Q4 30% profit rise, but adjusted earnings missed estimates.
Elena
20 Jan, 2006
New York City
U.S. stocks opened lower, hurt by lackluster earnings reports from Citigroup and General Electric, as well as disappointing outlook from Motorola and rising oil prices. Motorola reported Q4 better-than-expected profit, but missed sales growth estimates. GE posted adjusted earnings of 55 cents a share, matching estimates, but revenue figures disappointed. Citigroup posted Q4 30% profit rise, but adjusted earnings of 98 cents missed estimates.
Elena
20 Jan, 2006
New York City
Asian markets closed largely higher, lifted by strong close of U.S. markets. The Nikkei rose 0.8%, South Korean Kospi climbed 0.8%, Singapore Straits Times gained 0.55%. European averages traded mostly higher at mid-day, led by London''s FTSE 100 with an advance of 0.6%. The German DAX 30 slipped 0.1%. Motorola reported Q4 better-than-expected profit, but missed sales growth estimates. GE posted adjusted earnings of 55 cents a share, matching estimates, but revenue figures disappointed.
123jump.com Staff
19 Jan, 2006
New York City
Declining housing starts, higher crude oil inventory and falling claims of unemployment added to the market momentum created by a batch of positive earnings. After a disappointing earnings from tech companies markets digested positive earnings from Merrill Lynch, Harley davidson, IGT, Advanced Micro Devices and others. Motorola reported 47 cents vs. 26 cents, Capital One reported 97 cents vs. 77 cents and Rambus reported 9 cents vs. 6 cents a year ago.
Elena
19 Jan, 2006
New York City
U.S. stocks extended gains by mid-day on better-than-expected earnings reports from companies like AMD, Pfizer, Merrill Lynch, broadly positive manufacturing data and a recovery in the Tokyo stock market. In economic news, housing starts for Dec. dropped 8.9%, the biggest decline in 9 months. Jobless claims dropped by 36,000 last week. Oil and gasoline inventories rose last week by 2.7 million barrels and 2.8 billion barrels respectively.
Elena
19 Jan, 2006
New York City
The Japanese shares rebounded from the 3-day declines when they lost 1,100 points and $300 billion in market value. The Nikkei rose 2%,lifted by wholesale, brokerage, insurance issues. European stocks also recovered from losses, led by the German DAX 30, up 0.6%. In earnings news, D.R. Horton reported Q1 29% profit rise to 98 cents a share on higher revenue, beating estimates. Home Depot posted Q4 50% dividend rise and announced a long-term plan,including the opening of 400-500 new stores.
123jump.com Staff
18 Jan, 2006
New York City
CPI for the December 2005 fell by 0.1% but market ignored the drop in inflation. Tech heavy index NASDAQ dropped 1% and led the decline in Dow and S&P 500 indexes. Oil, gasoline, heating oil and natural declined. Banks have reported so far mixed earnings and tech stocks have not met market projection of earnings.
Elena
18 Jan, 2006
New York City
It was a day of heavy selling and lower trading as major tech companies like Yahoo, Intel, Google and Apple disappointed the market. A brokerage downgrade on Google from hold to sell, sent the stock down 3.5%. Yahoo registered its biggest one-day decline of 10.56% on disappointing revenue and forecast. Another tech giant, Intel Corp., slipped 11.8% on lower-than-expected quarterly results. Piper Jaffray downgraded its rating on the company and also cut its price target.
Elena
18 Jan, 2006
New York City
Stocks opened in the negative, dragged by disappointing earnings from major tech companies like Yahoo and Intel, rising oil and a heavy drop in the Japanese Nikkei. In earnings news, AMR posted a wider Q4 profit loss of $3.49 a share vs. $2.40 a year ago on higher fuel prices, below estimates of a loss of $2.50. Low-cost carrier Southwest Airlines reported 54% Q4 profit rise to 10 cents a share vs. 7 cents last year on 20% revenue increase.
