albena
30 Nov, -0001
New York City
Stocks held in the middle of the intraday trading ranges though they got some downward pressure. The major averages slightly declined.Ameritrade reached a new 52-week high on in-line 3Q earnings. Open Text slightly slid on slashed outlook. Investors kept to the sidelines ahead of a slew of key earnings reports due later in the week.
albena
30 Nov, -0001
New York City
Stocks were mixed in early trading Tuesday as traders shrugged off positive earnings news from Pepsi Co. Inc. and were cautious ahead of economic data and earnings reports scheduled later this week. With no major economic news due Tuesday stocks struggled with no direction and investors held onto their recent gains.
123jump.com Staff
30 Nov, -0001
New York City
The day's trading is dominated by four deals totaling $13 billion. DreamWorks lowered the 2Q outlook to loss. China
albena
30 Nov, -0001
New York City
Stocks led an early rally Monday on a slide in oil prices and various merger news. Crude oil for August delivery marked the third trading day in a row that oil prices have declined as Hurricane Dennis missed the platforms in the Gulf of Mexico and helped relieve worries about U.S. supplies. No major economic data is due Monday.
albena
30 Nov, -0001
New York City
Stocks are poised to open up Monday on a slide in oil prices and various merger news. Crude oil for August delivery marked the third trading day in a row that oil prices have declined as Hurricane Dennis missed the platforms in the Gulf of Mexico and helped relieve worries about U.S. supplies. No major economic data is due Monday.
123jump.com Staff
30 Nov, -0001
New York City
The demand for cement will rise as the hurricane Dennis marches through the Gulf Coast of Mexico and worsen the current shortage in Texas and Florida. At the center of the hurricane wind speed is expected to be as high as 85 mph. The copper maket remains tight as strike moves into the seocnd week in Chile and Arizona. Indian Sikh temples are attacked in the wake of London bombings.
123jump.com Staff
30 Nov, -0001
New York City
June job report of 146k new jobs was not what economists wanted but investors found the report just right. Investors bid up tech, consumer discretionary, retail and home builders. Energy stocks suffered with fall in oil prices. Copper reached near all-time high as strike in Chile and Arizona is likely to last longer than anticipated. Copper inventories are at 30-year low.
123jump.com Staff
30 Nov, -0001
New York City
Investors did not like the deal from Zions Bancorp for Texas based Amegy and drove both the stocks lower. The morning weakness in the face of rising oil prices and hurricane related rally in energy futures is spreading to several consumer and retail related stocks. Tech stocks are struggling during the session. In the overnight trading markets were weak in Tokyo and HK but averages in India are at all-time high as foreign institutions rush to invest more in the emerging economy.
123jump.com Staff
30 Nov, -0001
New York City
Investors did not like the deal from Zions Bancorp for Texas based Amegy and drove both the stocks lower. The morning weakness in the face of rising oil prices and hurricane related rally in energy futures is spreading to several consumer and retail related stocks. Tech stocks are struggling during the session. In the overnight trading markets were weak in Tokyo and HK but averages in India are at all-time high as foreign institutions rush to invest more in the emerging economy.
albena
30 Nov, -0001
New York City
Stocks are expected to open flat or slightly lower Wednesday as climbing oil prices are investors' main concern. The government's weekly petroleum inventory report has been delayed for Thursday due to the 4th July holiday. The Institute for Supply Management is expected to announce its non-manufacturing index for June.
123jump.com Staff
30 Nov, -0001
New York City
Strong May factory orders provided much needed boost to the market. The rally narrow in its scope broadened in the afternoon to include energy, leisure, retailers, miners, Internet and tech stocks. The overnight trading in oil at higher prices persisted in the European trading and continued in the session in NY with oil closing up 84 cents. The retailers rallied in anticipation of better same-store sales for the month of June as Walgreen reported 7.8% rise.
123jump.com Staff
30 Nov, -0001
New York City
Strong May factory order up 2.9% on reflecting the strength in the airplane orders provided to foundation to the rally of the session. The rally also broadened to tech sector as several traders speculated that EMC may be a target of IBM and Apple's earnings and revenue were revised upwards for the fiscal third quarter. The retail stocks were up on the otimist outlook for the same-store sales to be reported this week.
123jump.com Staff
30 Nov, -0001
New York City
The narrow rally in the morning appears to broaden across several sectors. Home builder stocks came under pressure as several analysts downgraded stocks. Energy and Retail stocks are in demand. Oil continues to trade close to all-time high. In the overnight trading Asian stocks clsoed mixed. Euro trades to a 13-month low against the U.S. dollar. Copper mine strike in Chile is causing jitters in the metals market and gold drops third day in a row.
123jump.com Staff
30 Nov, -0001
New York City
Summit of G-8 nations in Scotland may be disconnected with the realities in the markets and wishes of its population. The stagnant growth in Europe, rising global oil prices and lack of global trade growth and plight of farmers around the world are not some of the items of on the agenda. The security and terrorism driven agenda are increasingly viewed as the inability of the U.S. and UK to separate the terrorism, economical and political issues.
123jump.com Staff
30 Nov, -0001
New York City
Broad rally though weak by the end of the day kept investors in the buying mood throughout the day. While oil dropped in the morning hours but during the final hours clocked a sizable gains as worried traders took positions for the long weekend. While Asian markets closed mixed the European markets had a positive closing as oil was still in decline at the mid-day in NY trading.
