Elena
04 May, 2006
New York City
Stocks traded firmly in the positive, boosted by upbeat worker productivity data, strong retail sales, and retreating oil. The Dow hit a six-year high, supported by transportation stocks which advanced on sharply lower oil prices. Some disk drive stocks like Iomega, M-Systems, and SanDisk also posted notable gains. Among retailers, Abercrombie & Fitch said same-store sales rose 17% in April, beating estimates of 7.9% increase. Eastman Kodak fell 5% on wider Q1 net loss.
Elena
04 May, 2006
Mumbai
In a second day of volatility, the Sensex soared another 100 points in afternoon trade to suddenly drop after a sell-off. Reliance Industries followed the trading gyration and rose sharply only to drop off its earlier level later in the session. Stocks in banks, cement and auto sector led trading volume.
Elena
04 May, 2006
New York City
Stocks opened higher, supported by strong April retail sales and positive earnings. Tyco International Ltd. reported higher-than-expected Q1 net income and announced a $2 billion buyback. Wal-Mart Stores Inc. reported 6.8% rise in same-store sales, above estimates. Costco Wholesale Corp. posted 7% same-store sales growth, beating estimates. Pacific Sunwear of California beat expectations with 14% same-store sales increase. Limited same-store sales rise of 9% also exceeded analyst expectations.
Elena
04 May, 2006
New York City
Stock futures indicated a higher start, supported by data showing stronger-than-expected rise in Q1 unit labor costs, falling oil, and positive earnings. Tyco International Ltd. reported higher-than-expected Q1 net income and announced a $2 billion buyback. Wal-Mart Stores Inc., Costco Wholesale Corp., Pacific Sunwear of California Inc. and Limited Brands Inc. released stronger-than-expected April sales.
Elena
04 May, 2006
Frankfurt
European markets advanced at mid-day trading, boosted by gains in oil and chemicals companies like Royal Dutch Shell, Total, and BASF. Markets also awaited interest-rate decisions by the Bank of England and the European Central Bank. The German DAX 30 rose 0.6%, the French CAC 40 gained 0.3%, and London FTSE 100 added 0.2%.
Ivaylo
04 May, 2006
New York City
Taiwan Weighted Index hit a five-year high, leading the gainers in Asia mainly on tech stocks. It was Taiwan Semiconductor Manufacturing which was the market leader to advance 1%. Financial shares also contributed to Taipei
123jump.com Staff
03 May, 2006
New York City
Market traded up but closed lower. Consumer spending may come under attack as oil remains near record level, metals and other commodites are near 25-year high but corporate earnings are growing at a steady pace. More than 63% of S&P 500 index companies have released their earnings with an average growth of 13% beating the expectation of 11% at the beginning of the season. TimeWarner, P&G declined. Cigna lost $15 on lower earnings. Whole Foods report 36 cents vs. 30 cents a year ago.
123jump.com Staff
03 May, 2006
New York City
Market averages turn negative after digesting a fresh batch of earnings in the morning. TimeWarner reported higher revenue and earnings but missed the estimate. Proctor & Gamble reported higher earnings and 21% higher revenue. P&G stock has been on the decline for the 45 days and declined further today. Blue Nile and Cognizant reported better than expected earnings. FPL, Clear Channel met expectations. Genesis Micro and Cigna disappointed the market. Cigna dropped $12 and Genesis lost 20%.
Elena
03 May, 2006
Frankfurt
European stocks finished sharply down on oil prices and weaker dollar against the euro. Shares of automakers lost ground, with BMW AG falling 2.7% and Volkswagen, down 1.7%. Deutsche Bank and insurer Allianz declined 1.7% each. The German DAX 30 dropped 1.4%, the French CAC 40 declined 0.9%, and London FTSE 100 fell 1.2%.
Elena
03 May, 2006
New York City
Stocks moved lower on strong economic data raising concerns about higher interest rates. Disappointing profit outlooks from Adobe, down 8.9% and Procter & Gamble, down 4.7% also weighed. The Commerce Department said that new orders at U.S. factories rose a stronger-than-expected 4.2% in March on strong demand for transportation equipment, electronic products and machinery. Rate-sensitive utilities and financial stocks showed a notable weakness. Gold and energy stocks also fell.
Elena
03 May, 2006
Mumbai
Sensex in India rose for the fourth day in a row and gained 4% for the week. Sensex is now trading 30% higher since the beginning of the year only trailing 47% rise in Russian market. Banking, refining and mid-cap industrial stocks advanced on earnings. Volatility in the market has increased in the last two months of trading.
Elena
03 May, 2006
New York City
Stocks opened flat on surging oil and gold prices which offset the positive sentiment generated by strong earnings from Time Warner and Procter & Gamble. Time Warner posted 60% quarterly profit rise, lifted by growth in its cable television business and from the sale of its book group.
Elena
03 May, 2006
New York City
Time Warner Inc. reported Q1 profit rise to $1.46 billion, or 32 cents per share, up from $915 million, or 19 cents per share last year, beating estimates. Procter & Gamble Co. posted Q3 earnings jump of 37% to $2.21 billion, or 63 cents per share, up from $1.61 billion, or 59 cents, exceeding analyst expectations.
Elena
03 May, 2006
Frankfurt
European markets moved lower at mid-day, reversing from early gains fueled by commodities and mining stocks. Stocks declined on continuously rising oil prices leading auto stocks down. The German DAX 30 dropped 0.6%, the French CAC 40 declined 0.3%, and London FTSE 100 fell 0.6%.
Ivaylo
03 May, 2006
New York City
South Korea advanced at mid-day on positive earnings news, lifting financial stocks performance. Seoul
