123jump.com Staff
02 Dec, 2005
New York City
For the week broader averages closed unchanged, after five weeks of gains. Metal markets closed higher for the week, led by copper, silver, platinum and gold. crude oil closed at three-week high. Semiconductor stocks index closed at 40-month high. General Electric sold $1.3 billion of Genworth in secondary offering.
123jump.com Staff
02 Dec, 2005
New York City
After five straight weeks of gains in averages, market seems to have plenty of vigor. Even though broader market averages are declining, stocks in semiconductors, techs, financial brokers, and home builders are on the rise. Philadelphia index on semiconductor stocks reached a 40-month high.
Elena
02 Dec, 2005
New York City
The Department of Labor released its report on the employment in November which showed that non-farm payroll employment rose by 215,000, following a downwardly revised increase of 44,000 in October. Economists had expected payrolls to increase by 225,000 compared to the increase of 56,000 previously reported for October. Greenspan urges Congress to show unrgency on the budget deficit issue, before it is too late.
Elena
02 Dec, 2005
New York City
Asian-Pacific markets closed higher with the Nikkei up 1.9%, hitting a fresh five-year high of 15,421,60 on strong U.S. data. European shares advanced at mid-day on technology stocks with the CAC 40 rising 0.2% to 4,644 for the first time in three years. Key non-farm payrolls report is due out today, expected to show strong job growth in November and steady unemployment rate.
123jump.com Staff
01 Dec, 2005
New York City
It was a day of rally in stock, metals and crude oil markets. Stocks rallied on the back of report suggesting inflation pressures may be weakening. Copper reached a new high on supply concerns and gold closed above $500 for the first time since 1983. Domestic automakers reported decline in November sales despite falling gasoline prices and generous incentives. Apparel retailers delivered weak same-store sales in October.
Elena
01 Dec, 2005
New York City
Initial jobless claims declined by 17,000 to 320,000 in the week ended Nov 26, vs expectations of a decline of around 323,000. Personal income rose 0.4% in October after surging up 1.7% in September. Personal spending increased by 0.2% in line with economist estimates. Auto sales in November increased compared with October sales, but were still disappointing.
Elena
01 Dec, 2005
New York City
The U.S. Department of Labor reported that initial jobless claims declined by 17,000 to 320,000 in the week ended Nov 26, vs expectations of a decline of around 323,000. The Commerce Dept. said that personal income rose 0.4% in October after surging up 1.7% in September, slightly below estimates of a 0.5% increase. Personal spending increased by 0.2% in line with economist estimates.
Elena
01 Dec, 2005
New York City
Asian-Pacific markets closed mixed with the Nikkei up 1.8%, hitting a five-year high of 15,130.50, boosted by shipping and constructions stocks. European shares advanced, led by the French CAC 40, up 0.7%. Economic news, including weekly unemployment statistics, personal income and spending index is due out today. Wal-Mart reported 4.3% same-store sales increase in November. Costco posted 6% rise in comparable-store sales, missing estimates of 7.2%.
123jump.com Staff
30 Nov, 2005
New York City
Third quarter economic growth estimates were revised to 4.3%. Consumers and businesses both contributed to the economic growth in the quarter. The economy showed its vigor despite the hurricanes in the gulf region. Weekly petroleum report showed that crude and gasoline inventories fell driving the oil prices higher. Copper reached a new high. Tiffany reported earnings of 16 cents vs. 12 cents. Maker of BlackBerry lost its case in Federal Court.
Elena
30 Nov, 2005
New York City
Federal judge ruled that a $450 million settlement between a small patent holding firm and the maker of BlackBerry e-mail devices, Research in Motion Ltd is not valid. In eranings news, jewelry retailer Tiffany posted Q3 profit rise of 16 cents a share, meeting estimates.The company confirmed 2005 profit and revenue guidance. Dress Barn posted Q1 profit rise of 64 cents a share on 62% sales jump, exceeding estimates.
Elena
30 Nov, 2005
New York City
Bigger-than-expected growth of U.S. Gross Domestic Product in the third quarter generated some optimism about the strength of the economy. According to a report from the Department of Commerce the GDP rose at an annual rate of 4.3% compared to the 3.3% growth seen in the second quarter. Economists had been expecting third quarter GDP growth to be revised up to 4.1%.
Elena
30 Nov, 2005
New York City
Asian-Pacific benchmarks closed mixed with the Nikkei crossing 15,000 for the first time in five years, but eventually closed down 0.4%. The biggest gainer was Seoul Kospi, rising 1.4%. European stocks fell on resource stocks. In corporate news, Yahoo dropped after UBS lowered its rating on the company to ''neutral from buy. Jewelry retailer Tiffany posted quarterly income rise of 16 cents a share, meeting expectations. The company affirmed its 2005 guidance.
123jump.com Staff
29 Nov, 2005
New York City
It was a day of Metals. Gold, platinum, and copper all traded near record levels. Economic reports on housing, durable goods and consumer confidence suggested healthly economy sparking fears of inflation. Market averages closed near unchanged but yield on 10-year bond rose 4.48%. Overnight Tokyo closed down 0.4%.
Elena
29 Nov, 2005
New York City
In early afternoon trading the major averages turned mixed, reflecting weakness in the Financial and Technology sectors. Stocks traded higher in morning session after two economic reports showed a jump in U.S. factory orders and a sharp rebound in consumer confidence. Consumer confidence index rose sharply to a reading of 98.9 in November after falling to a reading of 85.2 the previous month and factory goods orders sharply rose in October, up $7.1 billion.
Elena
29 Nov, 2005
New York City
Wall Street resumed its winning streak after two economic reports showed a jump in U.S. factory orders and a sharp rebound in consumer confidence. The Conference Bord reported that the consumer confidence index rose sharply to a reading of 98.9 in November after falling to a reading of 85.2 in October, well above expectations of an increase of 90.0. The Commerce Department reported that factory goods orders sharply rose in October, up $7.1 billion
