Elena
26 Apr, 2007
New York City
U.S. stocks turned flat, despite surging shares of Apple and solid gains for 3M and Ford. Investors turned to profit-taking after the recent rally of the Dow Jones, crossing 13,000. Apple shares jumped past the $100 to set a new all-time high after the company reported an 88% surge in Q2 earnings. General Motors gained 1.8%, following 4.4% gain for rival automaker Ford on narrower-than-expected loss. 3M led the blue-chip gainers with an advance of 4% on strong earnings and broker upgrade.
Elena
26 Apr, 2007
New York City
Ford rose 4.8% as the automaker posted a narrower-than-anticipated Q1 loss, helped by stronger performance at its international units and higher revenue. Ford reported a net loss of $282 million, or 15 cents a share, compared with a loss of $1.4 billion, or 76 cents a share a year earlier, above estimates of 60 cents loss.
Elena
26 Apr, 2007
New York City
Wall Street opened modestly higher on Thursday, with the Dow Jones moving further above the 13,000 mark on much stronger-than-expected earnings from Apple and upbeat results from 3M Corp. and Ford Motor Co. On the Dow, 3M climbed 4% after its earnings beat estimates and Prudential Securities upgraded the stock. Fellow Dow member Ford rose 4.6% after the automaker reported a narrower adjusted loss than analysts had anticipated. Apple traded up 5% on 88% earnings jump in Q1.
Ivaylo
26 Apr, 2007
New York City
London stocks made strong progress on Thursday, supported by robust overnight gains on U.S. markets. Barclays and Royal Bank of Scotland were in focus as their bid battle for control of ABN Amro continued. Miners and in-favour drugs group Shire also drove the benchmark index higher. The FTSE 100 rose 27.8 points to 6,489.5
Ivaylo
26 Apr, 2007
New York City
Asian markets ended higher across the region Thursday, as Japanese market continued its upward trend with Sony rising on reports it will soon list its financial unit, while Kyocera advanced on its earnings report. Markets in China, South Korea and Indonesia all closed at new records. HK also advanced.
Elena
26 Apr, 2007
New York City
U.S. stock futures rallied on Thursday, leading the market to another session of solid gains wuith the halp of Apple and Ford. Apple surged 8% after it reported an 88% profit rise in Q1, helped by record iPod sales and Mac computers. Ford jumped 7% in the pre-open after the car maker posted a much smaller adjusted loss than analysts anticipated. Upbeat quarterly results released by 3M and Exxon Mobil also contributed to the positive market mood.
Elena
26 Apr, 2007
New York City
The company earned record $1.4 billion or $1.85 per share, up from 899 million, or $1.17 per share in the first quarter of 2006. First quarter 2007 net income included a net profit of $422 million, or 57 cents per share, due to a gain on the sale of the branded pharmaceuticals business in Europe.
Ivaylo
26 Apr, 2007
New York City
The benchmark index opened with a positive bias and traded firm in morning deals on buoyant global market but volatility appeared at noon and the market plunged on account of selling in April derivatives contracts. The Sensex made a recovery later and finished in positive territory. Grasim led the advancers, while Tata Steel was the worst performing stock. The rupee hit a 9-year high against the dollar today.
Ivaylo
26 Apr, 2007
New York City
European markets advanced for a second straight day after earnings reports in the engineering, drug and metals industries topped estimates. ABB rallied to the highest in six years after profit more than doubled and Bayer gained after earnings increased almost fivefold. French and German markets traded back at highs, with the German DAX Xetra 30 index rising over the 7,400 level, up 0.8%, and the French CAC-40 index up 0.4%, while the U.K. FTSE 100 index rose 0.6%.
Ivaylo
26 Apr, 2007
New York City
A combination of factors including a strike threat in Peru and a depletion of copper inventories pushed up copper futures on Wednesday. Gold futures ended near steady after twisting and turning in a narrow range as a recent consolidation trend continued. Silver, platinum and palladium all posted inside sessions, in which the highs and lows were contained within the trading bands on the previous day.
123jump.com Staff
25 Apr, 2007
New York City
Apple reported 85% rise in earnings on the back of strong sales momentum in iPod. The company sales advanced 21% in the quarter. The company also guided third quarter sales of $5.1 billion and earnings per share of 66 cents.The stock rose 10% in the after market trading. Portable line of computer sales advanced 79% in unit sales and 83% in revenue. Apple sold 10.55 million iPods for $1.77 billion in the quarter.
123jump.com Staff
25 Apr, 2007
New York City
Market averages gained on strong durable goods orders in March and solid earnings report from several large companies. Market maintained the upward charge during the session despite a oil price rise. weekly oil inventory report suggested that gasoline supplies fell to 18-month low, sparking 1.9% advance in oil. Royal Bank of Scotland and Fortis made $100 billion bid for ABN Amro Bank.
Elena
25 Apr, 2007
New York City
European stock markets gained ground on Wednesday, driven higher by gains from ABN Amro and well-received earnings. Banks were among the biggest gainers, led by 3.5% rise in the shares of ABN Amro. In earnings news, KGaA rose 4.5% after the company posted a 37% rise in Q1 sales. Shire surged 5.2% after it said its Q1 profit doubled.The German DAX 30 advanced 1%, the French CAC-40 climbed 1%, and the U.K. FTSE 100 rose 0.5%.
Elena
25 Apr, 2007
New York City
U.S. market averages traded firmly in the positive territory, with the Dow Jones briefly crossing the historic record of 13,000 points for the first time. The solid gains for the blue-chip average were generated by stronger-than-expected earnings reports and robust economic data. Companies beating forecasts included PepsiCo Inc., Corning Inc., Colgate-Palmolive and Dow member Boeing Co. Soft drink maker PepsiCo added nearly 1% after it posted 16% profit rise in Q1, beating expectations.
Elena
25 Apr, 2007
New York City
Amazon surged 21% after the Internet retailer reported doubled profit on 28% sales growth. Boeing announced 27% increase in Q1 earnings, due to robust orders for commercial airplanes and strong defense business. The world''s No. 2 commercial airplane maker earned $1.13 per share, up from 88 cents per share a year earlier. The stock lost 0.7%. PepsiCo posted 16% profit rise in Q1 to 65 cents per share, up from 56 cents per share a year earlier. Company''s shares added 0.7%.
