123jump.com Staff
30 Nov, -0001
New York City
White House lowers the annual GDP forecast for the year from 3.5% to 3.4% and raises the monthly job creation to 178 K from 175 K. 10-year note fell to 3.93% as coprporate new issue supplies hit the bond market. Kirkorian's tender offer for GM manages to raise stake to 7.2% but misses the 8% target. IAC/interactive sells its stake in VivendiUniversal for $3.4 B.
123jump.com Staff
30 Nov, -0001
New York City
Oil is back in the news. Oil rallied 54 cents on the lower U.S. crude inventory. Texas Instuments revised its earnings and revenue forecast. Energy stocks, tech stock, financials are trading higher but trucking stocks are trading lower.
123jump.com Staff
30 Nov, -0001
New York City
Early trading is dominated by Texas Instuments news of revised earnings and revenue for the quarter. Oil declines by 50 cents but energy stock still rise. IAC/Interactive is in deal to sell its stake in VivendiUniversal for $3.4 billion.
123jump.com Staff
30 Nov, -0001
New York City
Fed Chairman's comments rallied stock and bond markets. Yield on 10-year fell below 3.89%. Several sectors rallied in the morning hours but only few sectors managed to hold on to gains. Retailers, home builders, and financials managed to close up. Oil dropped 73 cents to $53.76 per barrel. Weakness in the semi sector continued for the day.
123jump.com Staff
30 Nov, -0001
New York City
Treasuries rally on Fed Chairman's belief that flatter yield curve does not reflect slowing economy. 10-year yield on treasury fell below 3.89%. Monsato raised its adjusted earnins outlook for the quarter and ConAgra said it will miss the current quarter earnings by 10 cents. oil and metals are in decline for the session so far. GM stock rises as far as 1.8%.
123jump.com Staff
30 Nov, -0001
New York City
Flattening yield in the 10-year treasury and Fed Chairman's comment that this itself does not spell disaster for the economy brought several buyers to the stock market. The yield fell to 3.89%.
Buyers drive stock averaes in the opening hour to the higher ground. Tech, energy, financial, REIT, drug and HMOs shares are trading higher.
Dollar lost some ground to Euro.
123jump.com Staff
30 Nov, -0001
New York City
In a day of lackluster trading with little news to digest oil and metals market volatility drove averages. While oil traded up and then down but this volatility drove oil stocks to a new high. Deal between Weatherford and Precision Drilling supported buying in oil stocks. Washinton Mutual agreed to buy Providian in a multibilion dollar deal and Prolois and Catellus agreed to merege.
123jump.com Staff
30 Nov, -0001
New York City
Interest in Apple and Intel fail to spark rally in tech stocks. Oil volatility lead most oil companies higher. European and Asian stocks closed mostly lower. Washington Mutual agrees to buy Providian for $6.45 billion for cash and stock.
123jump.com Staff
30 Nov, -0001
New York City
Markets in Asia, Europe and now in the U.S. are trading with no direction. Markets in Asia closed lower, lewd by decline in Tokyo and Hong Kong but markets in Europe are trading mixed. Euro, oil and gold are trading in positive territory for the day.
123jump.com Staff
30 Nov, -0001
New York City
Less-than-the half rise in non-farm payroll for the previous week confused the market and oil price rise and end of the week has put several trades on the side lines. The market was on the defensive on almost all sectors as trading volume remain below average.
123jump.com Staff
30 Nov, -0001
New York City
Less-than-the half rise in non-farm payroll for the previous week confused the market and oil price rise and end of the week has put several trades on the side lines. The markets remain on the defensive on almost all sectors as trading volume remain below average.
123jump.com Staff
30 Nov, -0001
New York City
Volatility in oil markets spilled over to stock market. 10-year treasury closed at 3.91%. May retail sales rose despite tough weather conditions and rise in crude oil inventory lowered crude oil price in NY. Gold and other metals rose in volatile trading session. Teenage retailers jumped 10% or more on strong rise in same-store sales.
123jump.com Staff
30 Nov, -0001
New York City
Market interpreted Dallas Fed comment on interest rate that Fed may closed to finishing rate tightening. Oil rose 5% for the day closed at $54.58 per barrel. Exit polls suggest that Dutch voters have rejected EU treaty, dollar rose against Euro on the worries of future direction of EU expansion. Auto sales fell for GM, F, and Honda but rose for Chrysler, Toyota, and Nissan.
123jump.com Staff
30 Nov, -0001
New York City
Specualtion and Market enthusiasm for the Fed to rest current tightening is running wild as reflected in the averages. The latest data from ISM suggest that manufacturing is growing at a slower pace and that may convicne Fed to not tighten for now. Fed has raised interest rate by eight 25 basis points since June 2004. 10-year bond fell to 3.9%.
123jump.com Staff
30 Nov, -0001
New York City
Oil and techs are driving rally in the early morning trading. Home builder stocks are under pressure and tals of Fed not tightening at the next meeting are gathering steam. European markets are rallying across the region with oil and auto sectors leading.
