123jump.com Staff
30 Nov, -0001
New York City
Market averages rise on the back of mercurial consumer sentiment index. Fall in construction spending for the third month in a row drove housing sector down. Pixar stock in not animating investors for now as it revises the earnings expectation downwards. Asian markets closed mixed while European markets are trading higher on the strength in auto stocks. German government of Schroeder lost confidence vote.
123jump.com Staff
30 Nov, -0001
New York City
The ninth rate hike of 25 basis points in a year by Fed had many traders worried of how many more to come. The fed rates have tripled in the last twelve months but mortgage rates have not. Fed's tone for inflation fight at 'measured pace' has not changed. Not many sectors were spared after the Fed rate hike report in the afternoon as market continued its slide towards close.
123jump.com Staff
30 Nov, -0001
New York City
Fed raied the rate as expected by 25 basis point. The ninth increase in less than 30 months is associated with the Fed's desire to keep inflation under control in the rising energy costs. Claims for the unemployment declined last week by 6,000 and personal income grew by 0.2%. America continues to sell its asset to foreigners as net investment deficit grew by $327 billion in 2004.
123jump.com Staff
30 Nov, -0001
New York City
Market in the morning hour remains on the offensive. The Bank of America deal to buy MBNA, decline in oil and rally in home builders is supporting the morning rally. In the earnings report BMC software disappoint but RIMM and PalmSource deliver the better earnings.Gold is unchanged.
123jump.com Staff
30 Nov, -0001
New York City
On the back of housing and construction sectors and lower trade deficit higher capital investment by businesses powered 1Q GDP to 3.8%. Oil, gold and silver are trading down in th morning hours. In the overnight trading Asian markets closed mixed and European markets closed higher. Energy Deaprtment weekly oil inventory showed that inventories of crude, gasoline distillate are up. DSW prices its IPO at $19 and stock jumps 20%.
123jump.com Staff
30 Nov, -0001
New York City
On the back of housing and construction sectors and lower trade deficit higher capital investment by businesses powered 1Q GDP to 3.8%. Oil, gold and silver are trading down in th morning hours. In the overnight trading Asian markets closed mixed and at mid-day European markests were selectively higher. Energy Deaprtment weekly oil inventory showed that inventories of crude, gasoline distillate are up. DSW IPO falls in the opening hours.
123jump.com Staff
30 Nov, -0001
New York City
On the back of housing and construction sectors and lower trade deficit higher capital investment by businesses powered 1Q GDP to 3.8%. Oil, gold and silver are trading down in th morning hours. In the overnight trading Asian markets closed mixed and at mid-day European markests were selectively higher.
albena
30 Nov, -0001
New York City
U.S. stock futures slightly dropped in early trading, pointing to a lower opening for stocks as investors are looking ahead at the key reading on oil supply and financial results from software giant Oracle.
123jump.com Staff
30 Nov, -0001
New York City
Falling oil and metals prices, better consumer confidence and revised earnings outlook from Wyeth put market in the early drive. The rise in the averages during the day continued as oil fell. AMD files law suite against Intel claiming monopolistic practices, Richard Scrushy found 'not guilty' on all 36 charges. Paychex, Apollo, CKE and Emmis report better than expected earnings.
123jump.com Staff
30 Nov, -0001
New York City
Richard Scrushy is not found 'guilty' on all 36 charges. Oil falls by $2 per barrel. Asian and European markets close higher. AMD files a law suite against Intel. Wyeth stock up 4% on revised earnings outlook. Emmis Communication, radio operator, reports profitable quarter.
123jump.com Staff
30 Nov, -0001
New York City
The strength in overnight trading in the Asian markets and 1% up close in Tokyo helped market to attract buyers in the opening hours. The latest read on the consumer sentimet and the drop in oil price in the European trading and in the NY markets helped buyers to take more postive attitude in the opening hours.
123jump.com Staff
30 Nov, -0001
New York City
In day of oil dominating tradig for the most of the day energy stocks rallied while transports came under selling pressure. Nike, Cardinal Health drop on lower outlook for the year and eBay drop due to negative sentimet related to the recent news articles. Bausch & Lomb, Beazer Homes and WalGreen are favored by analysts. Google closes above $300 for the first time.
albena
30 Nov, -0001
New York City
U.S. stocks were mixed Monday as oil prices climbed past $60 a barrel mark. Home Depot, AIG Inc. and Exxon Mobil Corp. recorded gains and boosted blue chips. Nasdaq was dragged down by tech shares.
123jump.com Staff
30 Nov, -0001
New York City
Iranian and Bulgarian voters elect for a change of regime and focus on domestic agenda as voters prefer job creations at home. Oil closed record high as traders worry of the lack of crude refining capacity in the U.S. Copper traded at sixteen year high as inventories fall at a level not seen in three decades. Gold flirts at a near term record as U.S. dollar despite strong this week is expected to decline in coming months. Euro falls 1% and pound falls 0.2% against dollar.
123jump.com Staff
30 Nov, -0001
New York City
May durable orders fell 0.2% ex-transportation orders. New home sales up but median house price falls. Asian and European markets sell-off on higher oil price. Oil stays close to $60. Gold and silver fall but copper manages to hold on to marginal gains. Citigroup and Legg Mason in a deal to swap brokerage and asset management businesses. Textronix, Micron, Xyratex and Solectron earnings disappoint market.
