Elena
02 Feb, 2007
New York City
U.S. stock futures moved higher after a solid payrolls report indicated strength in the economy. The Labor Department reported that U.S. nonfarm payrolls increased by 111,000 in January, while the unemployment rate climbed to a four-month high of 4.6%. The new jobs added last month fell short of analyst expectations for a gain of 150,000. The report suggested that the jobs market started at a slower pace in 2007 and still remains in good shape.
Elena
02 Feb, 2007
New York City
The company posted net income of 23 cents per share, down from 47 cents per share a year ago, due to $91 million in income tax expenses in the quarter. However, results exceeded the average analyst estimates for earnings of $90.4 million, or 21 cents per share, on $3.77 billion in sales. The stock traded diown 2.6% in pre-open.
Ivaylo
02 Feb, 2001
New York City
Buying in large-caps in IT, pharma and capital goods sector drove the rally on Friday. Many stocks finished at all-time highs on strong results. The market-breadth was strong as small-cap and mid-cap shares also participated in the rally. Reliance Communications, L&T and HDFC were the other prominent advancers. NTPC led the decliners, together with stocks that rallied in recent session like SBI and Hero Honda. Reliance Industries also fell. Inflation rose for the week, ending January 20.
Ivaylo
02 Feb, 2007
New York City
Asia finished higher on Friday supported by better outlook for American economic growth and lower inflation which boosted the export-oriented Japanese stocks. Strong results from Lenovo group powered performance of stocks in Hong Kong, while Chinese stocks plunged again on worries of excessive valuations and market liquidity. Australia closed at record levels and Singapore and Taiwan also gained. South Korean also finished recording their best results in seven months.
Ivaylo
02 Feb, 2007
New York City
European stocks were higher on Friday on retailers which advanced on merger activities in the sector. Utilities were boosted by German company Eon. The gains were limited, though, after Ericsson posted disapponting results. Trading was cautious as the market awaited US employment data later in the session. By mid morning, the FTSE 100 in London gained 0.4%, Frankfurt Xetra Dax added 0.2%, and the CAC 40 in Paris gained 0.3%.
Ivaylo
02 Feb, 2007
New York City
Gold futures ended on Thursday at their highest level since August, extending their gains to three sessions supported by the recent strength in oil prices and a slight decline in the value of the dollar which helped lift prices past $660 an ounce during the session. The market is obviously readjusting itself based on strong fundamental factors and with rising energy prices and a weakening dollar. Silver, platinum and palldaium also advanced, while copper dropped.
123jump.com Staff
01 Feb, 2007
New York City
Market averages closed higher led by energy, retail and industrial sectors. December personal spending rose 0.7% and income gained 0.5%. The report helped retail stocks to jump in the afternoon trading. Exxon Mobil reported a record profit of $39.5 billion in fiscal 2006 but the fourth quarter earnings fell 4%. Crude oil and natural gas fell after a government report showed a smaller-than-expected draw down from inventories. Gold prices in New York climbed to the highest in almost six months.
Elena
01 Feb, 2007
New York City
European stocks closed higher on Thursday, boosted by corporate news from major European companies and comments from the U.S. Fed Reserve which quelled inflation fears. Royal Dutch Shell shares rose 1.9% after it reported a 21% Q4 profit rise. Among health care stocks, GlaxoSmithKline rising 1.5%, while AstraZeneca rose 2.2%. The U.K. FTSE 100 index climbed 1.3%. The French CAC-40 rose 1% and the German DAX 30 rose 0.9%.
Elena
01 Feb, 2007
New York City
U.S. stocks traded moderately higher, helped by optimism about corporate profits and data showing strong consumer spending. Tech stocks got a boost from Dell, rising 4% on management change. Meanwhile, Google weighed on the sector with a drop of 2.6%. Among brokerage stocks, Lehman rose 3% after it said it will buyback up to 100 million shares. The company also boosted its dividend by 25%. Investment adviser W.P. Stewart fell 18% on news Chairman W.P. Stewart retakes CEO position.
Elena
01 Feb, 2007
New York City
Wall Street advanced at opening, boosted by a tame reading on inflation, and corporate news at Dell Inc. The Dow reached fresh highs, driven by over 1% gains in the shares of Alcoa, Boeing, Caterpillar, and Dupont. Dell helped tech stocks, rising 4.7%. Exxon Mobil fell slightly as crude oil prices retreated. The company posted a 4% drop in Q4 earnings but beat expectations.
Ivaylo
01 Feb, 2007
New York City
London stocks were sharply higher by mid-day on Thursday, tracking gains on US market which rallied overnight after the US Federal Reserve left rates unchanged and reduced the possibility of a rate hike this year. Royal Dutch Shell also rallied after it posted strong Q4 profits. The UK property sector gained on consolidation expectations. On the broader market, the FTSE 100 advanced 89.3 points, or 1.4%, at 6,292.4 by mid-session trade.
Elena
01 Feb, 2007
New York City
U.S. stock futures pointed to a positive opening Thursday, driven higher by computer maker Dell and oil giants Exxon Mobil and Royal Dutch Shell. Exxon posted record-high annual profit of $39.5 B, despite a 4% decline in Q4 profit, citing lower natural gas realizations and refining margins. The company earned $1.76 a share on revenue of $90.03 B, beating estimates. The stock rose nearly 1% in pre-open. Shell''s quarterly net jumped 21%, boosted by record high oil prices.
Elena
01 Feb, 2007
New York City
Kevin Rollins announced he will quit as chief executive and founder Michael Dell will re-take control over the company in an attempt to regain eroding market share and to deal with an ongoing federal accounting investigation. Following the news, Dell was upgraded at Merrill Lynch and JPMorgan Securities.
Ivaylo
01 Feb, 2001
New York City
The market recovered on Thursday, supported by a rally in banks, telecom and cement stocks. State Bank of India surged after the government said it would buy the stake of the Reserve Bank of India in SBI by June 2007. Hindalco, Tata Motors and Bharti Airtel were the other large-cap gainers. Tata Steel continued its plunged today. BHEL, Hindustan Lever and HDFC also declined. The government banned the export of skimmed milk powder until the end of September.
Ivaylo
01 Feb, 2007
New York City
Asian stocks ended higher on Thursday as sentiment was upbeat on the U.S. Federal Reserve decision to keep interest rates on hold. In Japan, stocks bounced, with the benchmark index closing at a new nine-month high as investors bought in major Japanese companies whichhad revised their earnings forecasts upwards. HK was also boosted by the stronger-than-expected U.S. growth. The stock market in South Korea advanced too, while earnings reports boosted Australia.
