123jump.com Staff
30 Nov, -0001
New York City
With 40% of S&P 500 companies reporting earnings for the second quarter so far, earnings growth for the quarter is better than 10% compared to 25% a year ago. Of the reported earnings, 72% of the companies are beating the estimates, a widest measure since the first quarter 2004.
123jump.com Staff
30 Nov, -0001
New York City
The initial impressions from the flood of earnings from large and small cap companies, tech and consumer products companies and job reductions from some of the largest companies such as Eastman Kodak, Hewlett Packard, Kimberly Clark and IBM led market adrift. Google, Microsoft, Maytag, Whirlpool failed to impress the market.
albena
30 Nov, -0001
New York City
With a flood of earnings, the situation in London and the mixed results from Microsoft and Google, investors had a lot to digest Friday morning. The rise in crude oil also frustrated early trading. Helped by a rise in oil prices and strong results from Halliburton and Schlumberger, energy sector is among the best performers on the day. Stronger earnings drove Broadcom high.
albena
30 Nov, -0001
New York City
U.S. major averages opened slightly higher, after improving throughout the morning amid mixed news from Microsoft and Google. The rise in crude oil futures also frustrated early trading. The weaker dollar and the continuing worries over the terror attacks in London gave oil prices a speculative lift. August gold pulled back after a nearly $4 gain in the previous session. Energy stocks move to the upside, lifted by Halliburton and Schlumberger.
123jump.com Staff
30 Nov, -0001
New York City
U.S. stocks extended their losses after the news that China would have its currency, the yuan, pegged to a basket of currencies rather than just tied to the greenback. It also vaulted the yuan 2% higher vs. the dollar. Greenspan repeated that growth was solid and interest rates will keep rising. Metals and Mining stocks rise in an otherwise broad weakness in the market. After the bell Google reports earnings of $1.19 jump of 400% on revenue increase of 98% from a year ago in the 2Q.
albena
30 Nov, -0001
New York City
U.S. stocks extended their losses after the news that China would have the yuan pegged to a basket of currencies rather than just tied to the greenback. It also vaulted the yuan 2% higher vs. the dollar. According to a number of reports, London police have responded to small blasts at 3 subway stations and also to some events related to buses. Greenspan repeated that economy growth was solid and interest rates will keep rising.
albena
30 Nov, -0001
New York City
China would have its currency, the yuan, pegged to a basket of currencies rather than just tied to the greenback. It also vaulted the yuan 2% higher vs. the dollar. This surprising move could hit the profits of companies that source heavily from China. According to a number of reports, London police have responded to small blasts at 3 subway stations and also to some events related to buses.
albena
30 Nov, -0001
New York City
U.S. stock futures are mixed early Thursday morning, with investors waiting to see if the earnings news will continue the rally from the last several days. eBay's strong quarterly earnings could give a boost to tech stocks early Thursday and more earnings releases are expected five Dow components - McDonald's, Coca-Cola, Merck, SBC and Caterpillar. After the bell Microsoft and Google are set to report results.
123jump.com Staff
30 Nov, -0001
New York City
U.S. stocks bounced back from their lows at mid-day, after opening lower, pressured by the disappointing earnings from Intel, Yahoo and GM. Federal Reserve Chairman Greenspan said that the central bank must keep raising rates to ensure economic growth without inflation. Crude futures fell on news of a small drop in crude stocks in the latest week.
albena
30 Nov, -0001
New York City
U.S. stocks were off their lows at mid-day, after opening lower, pressured by the disappointing earnings from Intel, Yahoo and General Motors. Federal Reserve Chairman Alan Greenspan said that the central bank must keep raising rates to ensure economic growth without inflation. Crude futures fell on news of a small drop in crude stocks in the latest week.
albena
30 Nov, -0001
New York City
Stocks opened lower Wednesday after General Motors reported a big loss and further disappointed investors after lackluster results from Intel, Yahoo, as the market awaits economic testimony from Federal Reserve chief Alan Greenspan. U.S. light crude oil for August delivery rose 78 cents to $58.24.
albena
30 Nov, -0001
New York City
U.S. stocks are poised to start lower as some investors were disappointed by the earnings reports from Intel and Yahoo. The raft of other earnings releases will be in the spotlight, together with Greenspan
123jump.com Staff
30 Nov, -0001
New York City
Morning tech rally weakened at mid-day and regained its strength as optimistic sentiment for the rest of the earnings season remained, bolstered by stronger-than-expected results from IBM and Merrill Lynch. Investors look forward to more earnings reports today, including Intel, Motorola and Yahoo, which are due after the closing bell. Housing starts were flat in June as new residential construction rebounded in the South while declining in the rest of the U.S. Building permits advanced 2.4%.
albena
30 Nov, -0001
New York City
Morning tech rally weakened at mid-day even though optimistic sentiment for the rest of the earnings season remained, bolstered by stronger-than-expected results from IBM, Caterpillar and Merrill Lynch. Investors look forward to more earnings reports today, including Motorola and Yahoo, which are due after the closing bell. Housing starts were flat in June as new residential construction rebounded in the South while declining in the rest of the U.S. Building permits advanced 2.4%.
albena
30 Nov, -0001
New York City
Several Dow stocks were under the spotlight. Merrill Lynch shares rallied 2.2% after the company reported 2Q earnings, topping estimates on a 20% jump in revenue. Better-than-expected results from Wachovia Corp. further boosted sentiment. Housing starts were flat in June as new residential construction rebounded in the South while declining in the rest of the U.S. Building permits advanced 2.4%.
