Elena
03 May, 2006
Frankfurt
European markets moved lower at mid-day, reversing from early gains fueled by commodities and mining stocks. Stocks declined on continuously rising oil prices leading auto stocks down. The German DAX 30 dropped 0.6%, the French CAC 40 declined 0.3%, and London FTSE 100 fell 0.6%.
Ivaylo
03 May, 2006
New York City
South Korea advanced at mid-day on positive earnings news, lifting financial stocks performance. Seoul
123jump.com Staff
02 May, 2006
Metals
Market averages continued to climb in the face of falling dollar and rising crude oil and commodities prices. The borader averages gains were led by large industrial companies. Verizon reported stronger than expected earnings. After the close Dream Works, Pacer International, platronics, Thor Industries and Allied Waste reported earnings. European markets closesd higher. India closed at a record level.
123jump.com Staff
02 May, 2001
New York City
Market averages maintained upward bias towards the close. Industrial stocks such as Caterpillar, Deere & Co, Boeing and Honeywell led the rise in the market averages. Oil traded at elevated levels on geopolitical worries. Gold and silver rose in Europe and in New York trading. Archer Daniel Midlands reported better than expected earnings. Home builders declined on earnings warnings from Hovnanian. Canadian Aluminum maker Alcan rose on earnings.
Elena
02 May, 2006
Frankfurt
European markets closed sharply higher on strong resource stocks and corporate news. Commodities, oil and gas stocks advanced with Cairn Energy and Xstrata standing out among gainers. In corporate news, Credit Suisse Group rose 1.5%, French Lafarge gained 1.1%, telecoms group Alcatel and beer company Heineken gained on brokerage upgrade, rising 1% and 2.3% respectively. The German DAX 30 climbed 0.7%, the French CAC 40 rose 1%, and London FTSE 100 climbed 1%.
Elena
02 May, 2006
New York City
Shares of Chesapeake Energy Corp. moved up 3% after the company reported earnings jump on record oil and gas production. Pinnacle Entertainment Inc. gained 4% after the company reported Q1 earnings of $13.5 million, or 28 cents a share, up from a year-ago loss of $2.2 million, or 6 cents a share. Shares of Hovnanian Enterprises Inc. plunged 7% after the company cut its Q2 and 2006 earnings forecasts on production delays and lower sales.
Elena
02 May, 2006
Mumbai
Indian Sensex closed 176.22 points higher to hit an all-time high at the time when the news of government probe into cement price high hit the market. The Sensex remained on positive territory throughout the session soaring at the opening hours. The index has kept a steady rise in the past three trading sessions, up 3.2% over that time.
Elena
02 May, 2006
New York City
Insurer St. Paul Travelers lifted its 2006 earnings outlook and said it would buy back $2 billion in shares. The stock rose 4.6%. Sirius rose 7% after posting a wider net income loss, reflecting payment of $225 million in stock-related compensation. However, the loss was better than analysts expected. Hovnanian Enterprises Inc. fell 6% after the homebuilder lowered its Q2 profit outlook on slowing sales and production delays.
Elena
02 May, 2006
New York City
Verizon reported Q1 earnings of $1.6 billion or 56 cents a share compared to $1.8 billion or 63 cents per share last year on 25% revenue growth. Excluding special items, the company earned 60 cents per share, a penny above analyst estimates. Pinnacle Entertainment swung to profit in Q1, reporting 28 cents a share, up from a loss of 6 cents a share due to 70% revenue jump. Quarterly results exceeded analyst estimates. Hovnanian Enterprises fell 6% on lowered Q2 and 2006 profit outlook.
Elena
02 May, 2006
Frankfurt
European markets advanced at mid-day, boosted by strength in mining and oil stocks, including companies like BP and Xstrata. Some corporate news also generated positive sentiment with Suisse Credit Group up 2.2%, Lafarage, up 1.7%, Alcatel up 0.8%, and Heineken, up 2.4%. The German DAX 30 added 0.4%, the French CAC 40 rose 0.6%, and London FTSE 100 climbed 0.7%.
Ivaylo
02 May, 2006
New York City
Japan
123jump.com Staff
01 May, 2006
New York City
Market averages rose in the morning and fell in the afternoon on a newsreport that Fed Chairman thinks that market may have misinterpreted his comments. Oil rose in geopolitical tensions drove oil close $74 per barrel. Gold and silver rose on international tensions and weakness in dollar across all major currencies. Illegal immigrants gathered in various cities to press their cause. Meapacking, agricultural farms and restaurants reported fewer workers at jobs.
123jump.com Staff
01 May, 2006
New York City
Market averages declined in the afternoon trading led by a fall in tech stocks. Large companies sold-off as 19 of 11 stocks in Dow fell led by 3% decline in Intel. Wal-Mart rose 2% on same-store sales and Eastman Kodak rose 3%. Oil climbed back on the geopolitical worries in the Middle East. Aramark received a buyout offer taking the stock higher 20%. Kerzner International, casino operator to go private.
Elena
01 May, 2006
New York City
Going into afternoon trading, the Dow Jones index outperformed the Nasdaq and S&P 500 as most of the blue chip stocks moved to the upside. Discount retailer Wal-Mart turned in the best performer on strong same-store sales, followed by oil giant Exxon Mobil which gained on rising oil prices. However, Intel was a notable loser, falling 1.4%. Brokerage stocks also showed weakness with Legg Mason down 6%.
Elena
01 May, 2006
New York City
In late morning trading stocks gave back some ground with averages coming off intraday highs. Brokerage stocks posted losses, with shares of Legg Mason falling down 6%. Stocks of Lehman Brothers and Bear Stearns also moved lower. Commodity stocks moved notably higher helping the indexes remain in the positive. Wal-Mart rose 2.7% after reporting April same-store sales growth of 6.8%, beating forecasts.
