Elena
19 Jan, 2007
New York City
The market witnessed an extremely volatile session, although it opened with a positive gap. Weaker-than expected Q3 results from Satyam Computer weighed on the benchmark index later. Investors resorted to profit-taking in pharma and tech stocks and the Sensex plunged. It later recovered to some extent on fresh buying in Reliance and ITC. Cement shares bucked the downtrend and advanced. Reliance Communications led the gainers, while Satyam led the decliners.
Elena
19 Jan, 2007
New York City
U.S. stocks opened near the flat line after quarterly profits from IBM and a conservative outlook from General Electric raised worries about corporate profits. In addition, Motorola Inc. said Friday its Q4 profits dropped 48% despite record sales. Net profit fell to 25 cents per share, down from 46 cents per share a year earlier. Revenue rose 17% to $11.8 billion, up from $10 billion a year ago and slightly above the $11.7 billion estimate.
Ivaylo
19 Jan, 2001
New York City
Large-caps in UK continue to drift just below starting point this morning. US futures pointing to a weak start on U.S. have worsened sentiment, with vague bid talk and broker comment still providing most of the excitement. Tate & Lyle remains a top advancer on reports that an equity group is considering tabling a bid for the group. Corus is higher on a likely improved bid by Tata Steel, while Mice Group plunged. The FTSE 100 was off 9 points, or 0.20%, at 6,198 in late afternoon in London.
Elena
19 Jan, 2007
New York City
Citigroup Inc. reported Q4 profit decline to $1.03 a share, down from $1.37 a share a year earlier, with revenue hitting a record $23.83 billion, up from $20.78 billion in 2005. The bank
Elena
19 Jan, 2007
New York City
International Business Machines said earnings in Q4 rose to $3.54 billion, or $2.31 per share, on revenue of $26.3 billion, well above the $2.19 per share and $25.7 billion in revenue expected by analysts.IBM''s services division posted 6% higher revenue than last year. The hardware-focused systems posted a 3% increase, while the software nit rose 14%. Despite the positive results, IBM stock was down 5% in pre-market trading.
Ivaylo
19 Jan, 2001
New York City
Asian markets closed mixed Friday, with indexes in Japan and South Korea declining as tech shares dipped in parallel with declines in tech stocks on US markets. The Chinese market rebounded from a two-day slump. In Japan, stocks ended lower on profit-taking in tech shares. In Australia, the stock market closed flat, while HK shares were led higher by index by large-caps.
Ivaylo
19 Jan, 2007
New York City
European markets opened lower on Friday as gains for construction and building groups were offset by falling technology stocks and utilities, although French construction group Vinci climbed in Paris. Markets were impacted negatively after technology stocks sank overnight on US market disappointing outlooks from computer group Apple and Lam Research. By mid morning, London FTSE 100 lost 0.3%, Frankfurt Xetra Dax fell 0.3%, and the CAC 40 in Paris shed 0.2%.
Ivaylo
19 Jan, 2007
New York City
Crude oil settled Thursday below $50 for the first time in 20 months, dragging other commodities with it. Copper plunged to an eight-month low. Gold and silver futures were also under pressure and slipped at the New York Mercantile Exchange. From the energy stocks only natural gas bucked the trend and advanced. Arabica coffee and raw sugar also followed suit and declined, while corn gained.
albena
18 Jan, 2007
New York City
U.S. stocks traded mixed late Thursday after the cautious guidance from Apple disappointed investors and hurt tech shares. The Dow was held back by the declining Intel, IBM and Hewlett-Packard. General Electric also slid after the news that it is about to buy the diagnostics unit of Abbott Labs. The other government data released today indicated a ramp-up in housing construction, a modest increase in consumer prices and an unexpected drop in jobless claims to an 11-month low.
Elena
18 Jan, 2007
New York City
European stocks closed mixed on Thursday, with weakness in the technology sector offsetting a rally in the automotive sector. The tech sector was undermined by Apple''''s cautious Q2 outlook in the U.S. and a 15% drop in the shares of Finnish IT services firm TietoEnator. Semiconductor stocks, including Infineon Technologies and software firm Business Objects also moved lower. Both the German DAX 30 and the French CAC 40 lost 0.1%, while London FTSE 100 added 0.1%.
Elena
18 Jan, 2007
New York City
The market experienced a volatile trading on Thursday, as profit-taking emerged after it struck an intra-day high. Reliance Industries reported strong Q3 results that buoyed the Sensex. Positive Q3 results from some mid-cap stock also supported sentiment, as well as strong overnight closing of Indian ADRs. HDFC and ONGC led the gainers, while the main decliners were Tata Steel and Reliance Energy. The government has delayed a meeting connected with Special Economic Zones.
Elena
18 Jan, 2007
New York City
U.S. stock markets opened mixed ahead of a speech by U.S. Fed Reserve Chairman Ben Bernanke, expected to describe steadily moderating growth and give clues about interest rates. Earnings reports were also in focus, with gains for financial stocks and losses for the tech sector. Merrill Lynch said Q4 earnings rose 68% to 2.41 per share, sharply up from $1.41 per share last year, exceeding analyst forecasts. The brokerage gained nearly 1%. Apple dropped 4.3% on disappointing Q2 outlook.
Ivaylo
18 Jan, 2007
New York City
London rallied towards its best levels of the day as positive broker comment and rising US futures, supported by strong gains across the mining sector, had cheered investors. ICAP gained on an update, while Vedanta Resources led miners north on higher commodity prices, with Xstrata and Antofagasta also pushing ahead. London Stock Exchange has announced an increase in its share buyback program. By mid-day, the FTSE 100 advanced 26.2 points, or 0.4%, to 6,237.5.
Elena
18 Jan, 2007
New York City
U.S. stock averages traded mixed, as investors digested recent economic data and the urgent tone of Fed Reserve Chairman Ben Bernanke, who warned of looming budget crisis and gave little clue about the direction of interest rates. The Nasdaq continued to move lower as disappointing guidance from Apple and Intel raised concerns about the outlook for the technology sector. Shares of Apple moved down 4.3%, while Intel fell 1.6%.
Elena
18 Jan, 2007
New York City
U.S. stock futures traded mixed Thursday, as an increase in consumer inflation and weakness in Apple shares because of disappointing Q2 outlook, offset stronger-than-expected housing data and another drop in jobless claims. The U.S. Labor Department said its consumer price index rose 0.5% in December, while core CPI increased 0.2%. Housing starts rose 4.5% in December to 1.64 million annualized units, above the 1.57 million expected by economists.
