Elena
18 Jan, 2006
New York City
Asian-Pacific benchmarks closed deeply in the red on heavy selling pressure. The Nikkei tumbled 2.94% to 15,314.18, South Korean Kospi shed 2.64%, and Taiwan''s Weighted index fell 3.16%. European stocks were also weak on disappointing sales from Intel and rising oil. The German DAX 30 and the French CAC 40 dropped 1.5% each. Charles Schwab reported tripled Q4 earnings rise of 14 cents a share vs. 4 cents a year ago on 11% revenue growth, matching estimates.
123jump.com Staff
17 Jan, 2006
New York City
Earnings rose on top of traders agenda. Broader averages declined as oil rose, bank stocks issued earnings warnings and analysts downgraded tech stocks including AMD, Applied Materials and Sandisk. Oil rose on global geopolitical concerns in Iran and Nigeria. Gold declined. Dow lost 63.55 points Nasdaq lost 14.30 and S&P dropped 4.68 points. Yahoo stock fell 13% and Intel fell 10% in the after-market trading.
Elena
17 Jan, 2006
New York City
U.S. stocks traded lower Tuesday morning on surging oil prices over $65 a barrel, weakness in the Japanese Nikkei which tumbled 2.8% and disappointing bank earnings. Investors also awaited earnings reports from majors like Intel Corp., International Business Machines Corp. and Yahoo Inc. In economic news, the Federal Reserve reported that December industrial output rose 0.6%, following an upwardly revision of 0.8% in November, exceeding expectations of a 0.5% increase.
Elena
19 Jan, 2006
New York City
U.S. socks advanced at opening on better-than-expected earnings reports from companies like AMD, Pfizer, Merrill Lynch which eased investor concerns. The tech sector led the gainers, while the housing sector sharply fell on an 8.9% drop in housing starts for Dec, 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
17 Jan, 2006
New York City
U.S. stocks sharply dropped at opening on surging oil prices over $65 a barrel, weakness in the Japanese Nikkei which tumbled 2.8% and disappointing bank earnings. National City Corp posted Q4 earnings drop of 64 cents a share, missing estimates. In economic news, the Federal Reserve reported that December industrial output rose 0.6%, following an upwardly revision of 0.8% in November, exceeding expectations of a 0.5% increase.
Elena
17 Jan, 2006
New York City
Asian-Pacific benchmarks posted heavy losses Tuesday as the Japanese authorites started a probe of Internet portal Livedoor. The Nikkei tumbled 2.8%, followed by South Korean Kospi, down 2.3%. Only Shanghai Composite gained 0.5%. European stocks were also weak, hurt by rising oil and corporate news. The German DAX 30 dropped 1.1%. Texas Regional Bancshares posted Q4 earnings rise of 46 cents a share, exceeding estimates of 44 cents.
Elena
16 Jan, 2006
Frankfurt
Asian-Pacific markets closed mixed on weak dollar and tech stocks. The biggest decliner was Shanghai Composite, down 1.5%, followed by the Nikkei, down 1.14% to 16,268.03. Markets in South Korea and Taiwan advanced. European averages closed in the positive, supported by oil stocks and mergers and acqusitions. The leading advancer was the German DAX 30, up 0.6%.
Elena
13 Jan, 2006
New York City
A sequence of profit-taking sessions, disappointing December retails sales and lowered outlooks from Lucent and Tyco kept averages flat Friday. Better-than-expected wholesale inflation data provided some support. Commodities, energy, health care stocks posted solid gains. Guidant accepted an increased $24.2 B buyout offer from J & J, declining a larger bid of nearly $25 B from Boston Scientific. After the long holiday weekend Intel, IBM and Yahoo will report quarterly results.
Elena
13 Jan, 2001
New York City
Stocks opened higher on a report showing a tamer PPI which signaled for mild inflation. Producer prices rose 0.9% in Dec, rebounding from a 0.7% drop in Nov, well above economist expectations of an increase of 0.4%. Another report showed that retail sales rose 0.7% in Dec following an upwardly revised 0.8% growth in Nov, slightly below expectations of a 0.8% increase, compared to the 0.3% increase originally reported for Nov.
Elena
13 Jan, 2006
New York City
Tyco lowered its Q1 outlook for earnings from continuing operations. The diversified industrial conglomerate expects to earn about 38 cents a share for the period, down from a projected range of 40 cents to 42 cents a share. It also cut its 2006 earnings projection.
123jump.com Staff
12 Jan, 2006
New York City
Novemeber trade deficit at $64 billion, lower than expected but 8% higher than a year ago was ignored by the market. Dollar declined in New York trading. Market averages consolidated for the first time in the year 2006. General Motors declined 4.1%. Oil traded briefly above $65 and natural gas fell. Tokyo index closed at record high. European markets closed near unchanged mark.
Elena
12 Jan, 2006
New York City
U.S. stocks traded lower Thursday morning on rising oil and downgrades of Dow components Coca-Cola and J.P. Morgan Chase. Investors preferred consolidating recent gains to taking advantage of the upbeat economic news released. Trade deficit in November declined by 5.7% to $64.2B after hitting a record of $68.1B in October. Economists had expected a narrower deficit of $66 B. The number of initial jobless claims rose by 17,000 last week to 309,000 vs. expectations of an increase by 24,000.
Elena
12 Jan, 2006
New York City
Stocks opened lower on rising oil and downgrades of Dow components Coca-Cola and J.P. Morgan Chase. Investors preferred consolidating recent gains to taking advantage of the upbeat economic news released. Trade deficit in November declined by 5.7% to $64.2B after hitting a record of $68.1B in October. Economists had expected a narrower deficit of $66 B. The number of initial jobless claims rose by 17,000 last week to 309,000 vs. expectations of an increase by 24,000.
Elena
12 Jan, 2006
New York City
The Commerce Dept. reported improved trade deficit in November declining by 5.7% to $64.2B after hitting a record of $68.1B in October. Economists had expected a narrower deficit of $66 B. The Labor Dept. said that the number of initial jobless claims rose by 17,000 last week to 309,000 vs. expectations of an increase by 24,000. Guidant said it reached a new deal to be acquired by J & J which bid up $23.2 B. The increased value is still below Boston Scientific''s offer of $25 B.
123jump.com Staff
11 Jan, 2006
New York City
Tech stocks led broader averages rise during the day. Computer hardware, semis and large cap tech stocks led rally. Oil gyrated after the weekly energy report. financial services and brokerage stock rallied for the second day in a row. Gold rose in projections of $600 price before the year end. Casino stocks were intense focus of speculation as estimates on Macau related gambling were revised.
