123jump.com Staff
30 Nov, -0001
New York City
Productivity report in the morning put market to a good start and mixed same-store sales gain pushed luxury and teen retailer higher, but the GM and Ford downgrade shook the market up. Oil continued to climb higher and closed above $50.
123jump.com Staff
30 Nov, -0001
New York City
Positive earnings from Time Warner, Interactive Corp, Legg Mason, Cigna, and BAT kept the market momentum. $31 share offer from Kerkorian helped the rumour mill to call for split in GM business. American Tower to acquire SpectraSite for $3.1 B and Fresenius Mediacal to buy Renal Care for $4 B.
123jump.com Staff
30 Nov, -0001
New York City
Fed's action helped the market in finding the direction but inflation worries, slow growth in new job creation and mixed earnings reports weighed on the market.
123jump.com Staff
30 Nov, -0001
New York City
Market traded with no conviction during the entire day. Tech stocks Nortel and Brocade disappointed market in a day when mixed corporate earnings results were released. Market is now wating for Fed action tomorrow. Qwest finally accepted, the NO, fourth time, from MCI.
123jump.com Staff
30 Nov, -0001
New York City
Oil traders did not want to take position in the Oil markets, driving the futures below $50 for the first time in more than ten weeks. Chinese currency revaluation talks has intensified in the Asian markets trading,even though Tokyo and much of Chinese markets are closed for the week. Traders anticipate some action from Chinese government in the coming week.
albena
29 Apr, 2005
New York City
Consumer sentiment fell to 87.7 in April, down vs. 92.6 in March. Analysts had foreseen 89. Consumer expectations fell to 77 from 82.8 a month earlier. Microsoft shares surged 1.5% after the company posted a nearly doubled profit.
123jump.com Staff
28 Apr, 2005
New York City
Positive Earnings continue to flow from companies in every sector, home builders, defense, chemicals, health insurance, railroads, energy and technology. But market seem to worry that earnings growth may not be sustainable if economy does not pick up more momentum.
albena
28 Apr, 2005
New York City
Major markets in Asia finished mixed Thursday. Major European markets were higher in early trading. U.S. stock futures were slightly down in early trading, pointing to a lower opening for stocks ahead of the government's latest reading on the state of the economy in 1Q and the latest earnings reports.
123jump.com Staff
27 Apr, 2005
New York City
Morning trading focused on the earnings miss from several companies including Newmont and Phelps Dodge and unexpected decline in durable orders. In the afternoon, with the report from energy department showing a rise in oil inventories, reversed the market course driving the averages higher. Gold fell more than 1% in metals market.
albena
27 Apr, 2005
New York City
Stocks slid Wednesday as a surprisingly lofty plunge in durable goods orders provoked new worries about the strength of the economy, shadowing earnings news from Verizon Communications Inc. and other companies. However, falling oil prices allowed stocks to trim losses.
albena
27 Apr, 2005
New York City
Tokyo stocks tumbled after slow-moving U.S. stocks and a cheerless outlook from the major European chipmaker Infineon Technologies AG convinced some investors to sell tech and semiconductor issues.
123jump.com Staff
26 Apr, 2005
New York City
IBM raised quarterly dividend by 11% to 20 cents a quarter, March new home sales jumped 10% but markets focused on earnings misses from Zoll Medical, Dupont, Mittal, Lexmark, overshadowing the good earnings from Chubb, American Express and Coach, T. Rowe Price, Wrigley and publisher Thomson.
albena
26 Apr, 2005
New York City
Contradictory economic data held stocks mixed Tuesday and investors stayed away waiting for next week's Federal Reserve Rate decision. The Commerce Department's report marked a growth in new home sales last month.
123jump.com Staff
25 Apr, 2005
New York City
It was a day when deals, oil, housing and casino stocks ruled. And Google continued its climb adding 3.57% to the marathon win on Friday. Investors believe that more merger news will only drive the markets higher and the meeting between Saudi prince and President will bring more oil supply to the market.
albena
25 Apr, 2005
New York City
After last week's ardent volatility, mergers and acquisitions bolstered moderate buying on Wall Street Monday. U.S. stocks surged on news of a deal that would create North America's largest refiner of crude oil and blue chips were lifted by a huge order for airplane manufacturer Boeing Co.
