123jump.com Staff
06 Apr, 2006
New York City
Precious prices have been rising for the last four years and reached a twenty five year high. rising demand from investors, individual and hedge funds investors have beeen the main driving force for the demad for gold. Jewelry demand from Asia and Middle eastern countries has been rising at a slower pace.
123jump.com Staff
06 Apr, 2006
New York City
With less than an hour of trading market averages are near unchanged mark. Apprael retailer report mixed performance but Bebe Stores and Abercrombie & Fitch rise. Aeropostale, CitiTrends, Tim Horton''''s and Bebe Stores rise near 10% or more. Apple Computer rises another 7% after adding 10% yesterday. Gold trades at $600 and silver reaches $12.
Elena
06 Apr, 2006
Frankfurt
European stocks recovered from earlier weakness to finish above the flat line, reflecting comments on interst rates from the European Central Bank President and strength in the energy, matals and tech sectors. Stronger euro failed to support auto stocks as surding oil and brokerage downgrade weighed. The German DAX 30 edged up 0.04%, the French CAC 40 gained 0.03%, and London FTSE 100 added 0.03%.
Elena
06 Apr, 2006
New York City
Stocks were under pressure on surging oil prices and lower jobless claims. The price increase to $67.75 contributed to significant weakness among airline stocks, with Continental Airlines and AMR, falling on worries about higher fuel costs. Utilities stocks also showed weakness on inflation concerns and further interest rate hikes.
Elena
06 Apr, 2006
New York City
Stock markets opened lower on inflation concerns, raised by surging oil prices and lower jobless claims. In addition, retailers generally disappointed with April sales reports. Wal-Mart, reported 1.4% same-store sales rise in March, the smallest increase in sales since April of 2005. Teen apparel retailers came under pressure, dragged by Abercrombie & Fitch, Pacific Sunwear and Hot Topic which posted flat to lower March same-store sales.
Elena
06 Apr, 2006
New York City
The world''s largest retailer Wal-Mart, reported 1.4% same-store sales rise in March, slightly above the 1.3% growth predicted by the company, but still the smallest increase in sales since April of 2005. Teen apparel retailers came under pressure, dragged by Abercrombie & Fitch, Pacific Sunwear and Hot Topic which posted flat to lower March same-store sales.
Elena
06 Apr, 2006
Frankfurt
European shares traded mixed ahead of key interest-rate decisions at the Central European Bank and the Bank of England. Gains in the energy and tech sector helped offset losses in auto stocks. The German DAX 30 edged down 0.3%, the French CAC 40 fell 0.2%, and London FTSE 100 added 0.1%.
Elena
06 Apr, 2006
New York City
Asian benchmarks finished in the positive, led by gains in Hong Kong and Tokyo where high-tech stocks sharply rose. The Nikkei rose 1.4% to 17,489.33, lifted by semiconductors which gained on news that Toshiba and U.S. firm ScanDisk will buid a factory to produce NAND-type flash memory chips. Hong Kong
123jump.com Staff
05 Apr, 2006
New York City
Nasdaq and S&P rose to a five-year high after a positive report on service sector of the economy indicated falling prices for the services. The gain in oil prices muted the rise in indexes on weekly petroleum report. The weekly petroleum report showed a rising crude oil inventory. Apple surged close to 10% on the release of software to run Windows on Intel based Mac machines. Flash memory makers rose 10% on revised revenue guidance from M-Systems.
123jump.com Staff
05 Apr, 2006
New York City
Emerging markets around the world surged on higher metal and oil prices, strong liquidity and better economic growth prospects. Higher gold and silver prices led metal stocks surging for the year in Russia and Brazil and that trend continued today. Thailand surged on the news that Prime Minister Thaksin will not return to the power. Mexican and Brazilian stocks staged a late rally to recover earlier losses in the day.
123jump.com Staff
05 Apr, 2006
New York City
Market averages retain positive bias in the late afternoon trading. Tech stocks are firmer on the back of rise in Apple, Google and Sandisk. Apple released software to help Mac users run Windows. Benihana, up 10%, operator of Japanese restaurant reported same-store sale growth of 10%. P.F. Changs, Chinese restaurant chain, reported same-store sales growth of 1.3% and the stock lost 8%. European markets close higher.
Elena
05 Apr, 2006
Frankfurt
European stocks recovered from early weakness to finish in the positive, lifted by gains for DaimlerChrysler and Lagardere on the sale of their stakes in EADS. The companies, which both helped create EADS, decided to sell by 7.5% of their holdings in the aerospace concern. The German DAX 30 gained 0.3%, the French CAC 40 rose 0.3%, and London FTSE 100 climbed 0.6%.
Elena
05 Apr, 2006
New York City
After the early rise, stocks gave back some ground with investors worried about interest rate hikes. An icrease in the price of oil also contributed to the market weakness. Crude oil rose to $66.65 after the Energy Dept. showed a steeper-than-expected decline in gasoline inventories.Tech stocks were strong with shares of Apple rising 7% on the introduction of new software that enables Intel-based Macs to run Windows XP.
Elena
05 Apr, 2006
New York City
Stock markets extended early gains, lifted by tech and metals stocks. The Nasdaq showed considerable strength, helped by computer hardware stocks with Apple rising 6% on the introduction of new software that enables Intel-based Macs to run Windows XP. Seed company Monsanto reported Q2 income rise of $1.60 per share on sales growth, beating expectations of $1.52 a share.
Elena
05 Apr, 2006
New York City
Stocks opened modestly higher, although trading was light ahead of the release of a report on business activity in the services sector. The Nasdaq showed considerable strength, helped by computer hardware stocks with Apple rising 6% on the introduction of new software that enables Intel-based Macs to run Windows XP. In earnings news, seed company Monsanto reported Q2 income rise of $1.60 per share on sales growth, beating expectations of $1.52 a share.
