123jump.com Staff
30 Nov, -0001
New York City
Traders approached morning opening with mixed reaction to the May durable orders. Excluding the volatile transportation sectors the oders for May fell 0.2% and Capital goods orders were below estimates. Oil continued to rally in Mew York as the prices remained high in the Asian and European trading. Gold and silver are on the rise.
albena
30 Nov, -0001
New York City
Stocks are set to climb at the open Friday, as oil prices are near $60 a barrel and investors are expecting economic readings on durable goods and new home sales. Traders will hope to get encouraging news from both key economic reports scheduled on Friday.
123jump.com Staff
30 Nov, -0001
New York City
The Power of oil price and fear it can induce on traders was evident in the stock market sell-offs. Transportation, steel, materials and mining sectors were hit hard. Earnings disappointments and warnings also put market on the edge. nothing shined like gold in todays session.
123jump.com Staff
30 Nov, -0001
New York City
Stocks are on a slippery slope in the morning trading. Oil, gold and silver are on the rise while copper is on the downside. FedEx missed the estimates by two cents. Family Dollar, Corinthian and Del Monte disappoint. European markets at mid-day are mildly up.
123jump.com Staff
30 Nov, -0001
New York City
Energy Department reported that crude invenotry is in an upper range of average and has more than a billion barrels for the second week in a row. Oil, though volatile, dropped 95 cents as expected strike in Norway never materialized. Ameritrade agreed to buy TD Waterhouse brokerage unit for $2.9 billion. Ameritrade up 20% and Arbinet-The Exchange dropeed 35% on lower earnings. Fed Chairman and Treasury Secretary will testify to Senate Finace committee tomorrow on China.
123jump.com Staff
30 Nov, -0001
New York City
Energy Department reported that the crude oil inventory fell by 1.6 million. Morgan Stanley reported second quarter income declined by 24%. Bear Stearns reported that it may have violated some of mutual funds trading rules. Ford shares sell-off 5% on the lower earnings guidance and staff reduction in the salaried ranks. Arbinet-The Exchange fell off 32% on lower earnings guidance.
123jump.com Staff
30 Nov, -0001
New York City
The morning rally remained very narrow in the first hour of the opening and failed to broaden beyond tech, internet and select healthcare stocks. The Energy Department weekly petroleum report cited that Total commercial petroleum inventories increased by 2.9 million barrels last week, placing them above 1 billion barrels for the second consecutive week.Oil price in the morning remains lackluster.
123jump.com Staff
30 Nov, -0001
New York City
Maytag gets a second buyout offer this time a Chinese rival teaming up with private equity firm, oil and metals markets trade lower. Overnight Asian markets and at mid-day European markets are trading lower. Oil traders are watching possibilities oil workers strike in Norway tomorrow.Winn-Dixie plan to close as much as one third of its store and exit from operations in four state. Dolby Labs jumps 14% and shares of Catuity flies 310% higher and Proctor $ Gamble cuts earnings outlook.
123jump.com Staff
30 Nov, -0001
New York City
Lack of earnings and economic news have pushed traders on the side-lines. Maytag gets a second buyout offer this time a Chinese rival teaming up with private equity firm, oil and metals markets trade lower. Overnight Asian markets and at mid-day European markets are trading lower. Oil traders are watching possibilities oil workers strike in Norway tomorrow.
123jump.com Staff
30 Nov, -0001
New York City
The Index of leading indicators showed that economy is growing but at a declining rate. Cablevision management proposes $7.6 billion buyout. CarMax reports 13% rise in profit but misses the estimates by 2 cents. European shares sold-off as Crude traded high in the local markets and euro fell 1.2% against dollar.
123jump.com Staff
30 Nov, -0001
New York City
The Index of leading indicators showed that economy is growing but at a declining rate. Cablevision management proposes $7.6 billion buyout. CarMax reports 13% rise in profit but misses the estimates by 2 cents. European shares sold-off as Crude traded high in the local markets and euro fell 1.2% against dollar.
123jump.com Staff
30 Nov, -0001
New York City
The Index of leading indicators showed that economy is growing but at a declining rate. Cablevision management proposes $7.6 billion buyout. CarMax reports 13% rise in profit but misses the estimates by 2 cents. European shares sold-off as Crude traded high in the local markets and euro fell 1.2% against dollar.
123jump.com Staff
30 Nov, -0001
New York City
after a week of stock and metal markets gains, sotkcs are on the defensive in the opening hours. Oil traders find every reason to push the prices higher and took oil in the morning trading to $60. CarMax profit is up 13% but misses the estimates of 36 cents bt 2 cents and lowers the guidance for the 2005 and 2006. Precious metals market is unchanged.
123jump.com Staff
30 Nov, -0001
New York City
Oil reached a new high and is likely to continue its advance in the coming weeks. Market observers blame lack of new refining capacities in the U.S., economic growth in Asia, war in Iraq and OPEC
123jump.com Staff
30 Nov, -0001
New York City
Latest read on consumer sentiment put investors in buying mood so much so that they shrugged off 3% rise in oil price. Current account deficit widened by 33% for the first quarter of the calendar year to $195.1 billion. Earnings from KB Homes took home buider stocks to a new high and Circuit City reported wider loss.
