Elena
28 Oct, 2005
New York City
Asian-Pacific benchmarks closed lower, led by Seoul's Kospi, down by 2.2%. The Nikkei declined 0.5% on economic data. European stocks traded below the flat line with the French CAC declining 0.3%. Microsoft reported Q3 24% earnings rise on strong demand, but lowered its outlook. Data on GDP and consumer spending is expected.
Elena
27 Oct, 2005
New York City
U.S. stock markets have sustained the bearish sentiment throughout the whole trading session. The negative tone was set by news that Dow component GM had been subpoenaed by U.S. regulators. The stock's decline of 5.5% dragged blue chips. The three major averages have extended declines with the Nasdaq down by 1% on weak semiconductors. All sectors trade in the red just before market close.
Elena
27 Oct, 2005
New York City
Government's weekly natural gas inventory report showed an increase of 77 billion cubic feet. Data on new home sales in September showed a smaller-than-expected rise to 1.22 million units. Initial jobless claims in the week ended October 22 fell to 328,000 from the previous week vs. expectations of jobles claims decline of 340, 000. Durable goods orders fell 2.1% in September, following an upwardly revised 3.8% increase in August.
Elena
27 Oct, 2005
New York City
The Labor Department said that nitial jobless claims in the week ended October 22 fell to 328,000 from the previous week vs. expectations of jobles claims decline of 340, 000. A report from the Department of Commerce showed a 2.1% decrease in new orders for September, following an upwardly revised 3.8% increase in August.
Elena
27 Oct, 2005
New York City
Asian-Pacific markets closed broadly down, but the Nikkei ended up 0.2%. European stock markets posted heavy losses at mid-day, led by the German DAX 30, down 1.3%. GlaxoSmithKline, pharmaceutical manufacturer, advanced 1.9% after raising 2005 earnings guidance, reporting Q3 profit growth of 21% on a 11% rise in revenue.
123jump.com Staff
26 Oct, 2005
New York City
A parade of postive earnings continues after the close. Shares of Baidu.com fall $15, Raymond James rise 5.2%, MEMC Electronic fall 5% and Corning Inc up close to 1%. Placer Dome released Q3 earnings of 8 cents vs. 36 cents a year ago. Intergraph reported Q3 earnigs of 44 cents vs. 3 cents a year ago.
123jump.com Staff
26 Oct, 2005
New York City
Market traded in a tight range on weaker earnings from Boeing, caution on holiday sales from Amazon and general weariness on rising bond yields. Chemical companies such as Air Products and duPont surprise market. Starwood reported lower profit on tax charges. P.F. Chang's, Chinese restaurant, lowered year's earnings, stock fell 12%. Amazon fell 14% on lower holiday sales forecast. Bausch & Lomb earnings fell on Brazilian investigation.
Elena
26 Oct, 2005
New York City
Among the companies reporting today, Boeing posted a Q3 income rise which tops estimates, despite a revenue decline. Kerr-McGee posted third-quarter profit jump, beating estimates. Amerada Hess Corp released higher quarterly income, but misses estimates. WellPoint released quarterly profit growth, exceeds expectations. Sprint Nextel swings to profit on 39% revenue increase.
Elena
26 Oct, 2005
New York City
Among the companies reporting today, Boeing posted a Q3 income rise which tops estimates, despite a revenue decline. Kerr-McGee posted third-quarter profit jump, beating estimates. Amerada Hess Corp released higher quarterly income, but misses estimates. WellPoint released quarterly profit growth, exceeds expectations. Sprint Nextel swings to profit on 39% revenue increase.
Elena
26 Oct, 2005
New York City
Asian-Pacific markets closed mixed with the Nikkei rising 0.9% on resource stocks. European markets traded higher at mid-day, led by London's FTSE 100, up 0.8%. Among the oil majors reporting today, Kerr-McGee posted third-quarter profit jump, beating estimates. Amerada Hess Corp released higher quarterly income, but missed estimates. Boeing Co. reported Q3 income growth, despite revenue decline, exceeding expectations.
123jump.com Staff
25 Oct, 2005
New York City
Share buybacks from IBM and duPont supported these stocks but not the market. Legg Mason shares fall 5% despite 32% earnings rise. Afer the clsoe, Amazon indicated Q4 revenue on the lower end of the estimates of $2.9 billion but 14% higher than a year ago. Stock drops 7%. CME reports earnings growth of 30%. Lockheed reports 96 cents vs. 69 cents a year ago and Northrop reports 80 cents, flat earnings growth. Both defense contractors beat the estimates.
Elena
25 Oct, 2005
New York City
U.S. stock markets have extended losses throughout the session on a renewed oil prices rise of over $2 a barrel and surging natural gas. Another drag of the market sentiment has been the tech sector with the chip maker Texas Instruments being the leading decliner, down 8%. An unexpected decline in consumer confidence sent the retal sector lower and the S&P retail index down 2%.
Elena
25 Oct, 2005
New York City
Tech sector declines as semiconductor Texas Instruments, which is down 7.5%, set a gloomy tone of the session, posting a disappointing fourth-quarter outlook, followed by Lexmark's lowered Q4 guidance. Chemical maker DuPont Corp. is rallying 4%, despite reporting a third-quarter loss, citing tax and hurricane-related charges. Lockheed Marin released Q3 39% net income jump.
Elena
25 Oct, 2005
New York City
Semiconductor Texas Instruments set a gloomy tone of the session, posting a disappointing fourth-quarter outlook. The stock is down 6%. Chemical maker DuPont Corp. is rallying 2%, despite reporting a third-quarter loss, citing tax and hurricane-related charges. Lockheed Marin released Q3 39% net income jump.
Elena
25 Oct, 2005
New York City
Asian-Pacific markets closed largely higher on Wall Street gains and the new Fed Reserve Chairman nomination of Ben Bernanke. The Nikkei surged 1.3%. European stock markets also advanced at mid-day, led by the German DAX 30, up 0.4%. On the earnings news front, semiconductor Texas Instruments posted a disappointing fourth-quarter outlook. Chemical maker DuPont Corp. reported a third-quarter loss, citing tax and hurricane-related charges. Lockheed Marin released Q3 39% net income jump.
