Elena
29 Nov, 2005
New York City
The Department of Commerce released a report which showed that new orders for durable goods rose 3.4% in October following a revised 2% drop in September. Economists had expected a much more modest increase of about 1.8%. According to a report, posted by the Conference Bord, the consumer confidence index rose sharply to a reading of 98.9 in November after falling to a reading of 85.2 in October. Economists had expected a more modest increase to a reading of 90.0.
Elena
29 Nov, 2005
New York City
Asian-Pacific benchmarks lost ground on Wall Street losses. The Nikkei rebounded from an eight-day winning streakm, ending down 0.4% European stocks were little changed at mid-day on oil and banking shares. In earnings news, United Natural Foods reported lower-than-expected Q1 earnings of 18 cents a share on 12% higher sales. SkillSoft posted Q3 earnings rise of 6 cents a share on 3% revenue, beating estimates.
123jump.com Staff
28 Nov, 2005
New York City
Market took a breather today, after rising for seven sessions and five weeks in a row to a four year high. Falling oil prices, and mixed retail sales and apparently slowing housing market kept averages in check. Tech heavy Nasdaq fell 1%. Home builders, casions, retailers and energy stock declined. restaurant stocks P.F.Chang''''s and Cheesecake Factory advanced on a broker recommendation. Gold climbed $6 and settled near $500.
Elena
28 Nov, 2005
New York City
Retail stocks fell on mixed sales reports with Wal-Mart, J.C. Penney and Target Corp. being among the decliners. The earlier market sentiment was lifted by a report, which said that sales increased 22% to $27.8 billion over the post-holiday weekend but later turned gloomy as some traders said traffic has dipped heavily since then. The Energy sector dropped 2%, reflecting a 2.5% drop in crude oil prices.
Elena
28 Nov, 2005
New York City
The nation''s retailers reported a solid opening to the crucial Christmas sales period last weekend with Best Buy Co., Target Corp and Wal-Mart among the biggest gainers. The National Retail Federation reported 22% sales increase to $27.8 billion over the weekend. Drug maker Merck & Co announced a plan to cut 11% of its work force and shut five manufacturing plants by 2008. The news sent averages lower.
Elena
28 Nov, 2005
New York City
Asian-Pacific markets started the new week in the ppositive, supported by U.S. trading and stronger dollar, with the Nikkei up 1.4%, hitting another five-year high of 14,986,94. European stocks also nadvanced at mid-day, led by the German DAX 30, up 0.7%. Following Thanksgiving holiday, U.S. markets are expected to open higher with retailers standing in the spotlight after the National Retail Federation reported 22% sales jump over the weekend.
Yordanka
26 Nov, 2005
New York City
Three deals debuted in a quiet IPO week. Brookdale Senior Living began its first day of trading with 50% gains, while chemicals producer Tronox ended slightly higher. The third IPO from gas-drilling contractor Union Drilling also finished a bit higher, while the offering from Actions Semiconductor was postponed indefinitely.
Elena
25 Nov, 2005
New York City
November rally, which has vaulted the major indexes to four-year highs, extended only for a while in today''''''''s holiday-shortened session, then investors started consolidating gains and stocks returned to flat levels.
Friday marked the beginning of the critical holiday sales period for retailers, and early reports suggest higher spending than last year.
Elena
25 Nov, 2005
New York City
Following Thanksgiving, light volume trading is expected as stock and bond markets will close early and commodities remained closed. Retailers are the major market driver, boosted by sales growth after hectic holiday shopping started. In corporate news, three U.S. telecom companies are buying a collection of local telephone access lines from wireless carrier Alltel Corp. for as much as $10 billion.
Elena
25 Nov, 2005
New York City
Following Thanksgiving, light volume trading is expected as stock and bond markets will close early and commodities remained closed. Retailers will be the major players today, expected to report sales growth after hectic holiday shopping.Three U.S. telecom companies are buying a collection of local telephone access lines from wireless carrier Alltel Corp. for as much as $10 billion.
Elena
24 Nov, 2005
New York City
Asian-Pacific indexes closed higher on strong Wall Street rally and economic optimism in some regional markets. The Nikkei hit a five-year high of 14,742,58, finishing up 0.2%. European stocks finished in the red on mixed corporate news from companies like BNP Paribas and Credit Suisse Group and lower German business confidence.
123jump.com Staff
23 Nov, 2005
New York City
Unemployment claims rose higher than expecetd for the previous week. Consumer sentiment rose and help-wanted index fell. Ten-year bond yields fell to 4.47% and yield curve flattened as 30-year bonds fell to 4.706%. Research in Motion said that new subscriber growth will be less than expected, Google and Apple Computer shares close at record high.
Elena
23 Nov, 2005
New York City
Wednesday morning session saw a continuation of November rally, boosted by upbeat economic data. The University of Michigan said consumer confidence index came in at 81.6, slightly higher than 81 reading Wall Street expected. In addition, the Energy Dept reported 400,000 barrels increase in oil inventories which sent oil prices down. Only the Labor Dept. reported bad news, saying that initial jobless claims in the week ended November 19 rose to 335,000.
Elena
23 Nov, 2005
New York City
Gold mining company Placer Dome Inc. said its board is recommending shareholders to reject a $9.2 billion takeover bid by Barrick Gold Corp., calling the offer ''inadequate''. The Labor Dept. reported that initial jobless claims in the week ended November 19 rose to 335,000 from the previous-week upwardly revised figure of 305,000. Economists had expected jobless claims to increase to 315,000 from the 303,000 originally reported for the previous week.
Elena
23 Nov, 2005
New York City
Asian-Pacific benchmarks advanced on exporter issues, led by Seoul''s Kospi, surging 3% and Hong Kong''s Hang Seng, up 1.2%. The Nikkei was closed for a national holiday. European stocks gained at mid-day on earnings and takeover activity. In economic news, the Labor Department reported that new applications for unemployment insurance jumped by a seasonally adjusted 30,000 to 335,000 for the week ending Nov. 19, vs a decline to 303,000 last week.
