Elena
09 Dec, 2005
New York City
U.S. stocks were flat on Friday on a disappointing sales outlook by Intel Corp, rating downgrade on International Business Machines Corp, and news that Merck withheld information about the cardiac side effects of its arthritis drug Vioxx. However, an upbeat profit forecast from Eli Lilly and Co, fueled by strong sales growth of newer drugs and a lower- than-expected tax rate, provided support.
Elena
09 Dec, 2005
New York City
U.S. averages opened flat, pressured by Intel which released mid-quarter lower-than-expected sales outlook and drug maker Merck which dropped on news that it withheld information about the cardiac side effects of its arthritis drug Vioxx. Eli Lilly lifted sentiment, projecting fourth-quarter and full-year earnings at the top of its guidance and forecasting 2006 earnings to be from 8% to 12% higher.
Elena
09 Dec, 2005
New York City
Asian-Pacific markets closed higher, led by the Nikkei, up 1.5%, despite disappointing GDP revised report. European stocks traded lower at mid-day on lower sales forecast from Intel. Intel''s shares dropped nearly 3% in extended-hours trading after the company released mid-quarter lower-than-expected sales outlook. Merck dropped 3% on news that Merck withheld information about the cardiac side effects of its arthritis drug Vioxx.
123jump.com Staff
08 Dec, 2005
New York City
Market after tradig sideways for the most of the day settled lower at clsoe. Natural gas rose on decline in inventory. Gold rose in demand rise and inflation concern. Silver touched $9 for the first time two decades. McDonald''''s stock fell on less-than-expected rise in same-store sales. Chip stocks fell despite the positive news from TI, Xilinx and Taiwan Semi.Toll Bros. and Hovnanian report better than expected earnings.
Elena
08 Dec, 2005
New York City
U.S. stock markets opened weak Thursday, with homebuilder Toll Brothers issuing a cautious outlook and with the semiconductor sector in focus after Texas Instruments sharpened its quarterly outlook and before Intel Corp. issues its mid-quarter update. Later stocks rebounded as crude oil prices boosted shares of energy companies and tech company Qualcomm Inc released improved revenue forecast.
Elena
08 Dec, 2005
New York City
Stocks extended their losses Thursday after a cautious outlook from homebuilder Toll Brothers which posted Q4 70% profit jump on 40% revenue growth, but cut 2006 outlook. Costco Wholesale Corp. announced Q1 12% earnings rise to 45 cents a share, from 40 cents a year ago, in line with analyst expectations. Intel is expected to raise the low end of its Q4 sales range when it updates investors after market close.
Elena
08 Dec, 2005
New York City
Asian-Pacific benchmarks closed in the red, led by the Nikkei, down nearly 2% on profit taking, mangled IPO and cautiousness ahead of economic data. European averages were also weak at mid-day on insurance stocks with the German DAX 30 falling 0.6%. In earnings news, Costco Wholesale Corp. announced Q1 12% earnings rise to 45 cents a share, from 40 cents a year ago, in line with analyst expectations. Toll Brothers posted Q4 70% profit jump, but cut 2006 outlook.
123jump.com Staff
07 Dec, 2005
New York City
Fourth quarter stock market rally looked tired today. As the market entered into the final three weeks of the months, averages traded sideways for the most of the session. Semiconductor, energy, utilities and materials sectors fell during the day. Gold, silver and copper rose and traded near record highs. Texas instruments raised its low end of the earnings guidance from 36 cents to 38 cent and range to 38 cents to 40 cents. Microsoft to invest $1.7 B in India in the next four years.
Elena
07 Dec, 2005
New York City
U.S. market averages declined on lackluster trading as investors found little reason to extend a year-end buying spree. Surprisingly strong weekly inventory numbers from the Department of Energy sent crude oil futures lower at $59.60. Oil inventories rose by 2.7 million barrels for the week ended Dec 2, climbing to 320.3 million barrels vs.a decline of 4.2 million barrels last week.
Elena
07 Dec, 2005
New York City
Stock averages opened slightly higher, but failed to move to the upside, pressured by rising oil prices ahead of inventory report and very little significant news. In corporate news, Cisco Systems advanced after J.P.Morgan upgraded it from neutral to overweight on reaffirmed long-term growth forecast. Microsoft Corp. rose after the company announced plans to add 3,000 jobs in India over the next three to four years.
Elena
07 Dec, 2005
New York City
Asian-Pacific benchmarks finished higher with the Nikkei rebounding from Tuesday''s losses and closing up 0.4%. South Korean Kospi climbed 0.3%, reaching a record high on tech stocks. European markets slightly advanced at mid-day, lifted by metals stocks. In economic news, U.S. weekly inventory report is expected to show a 900,000-barrel crude stock draw for the week ended on Friday.
123jump.com Staff
06 Dec, 2005
New York City
October new factory orders showed a jump of 2.2% after declining by 1.4% in Septemeber. Third quarter labor productivity was revised upwards 4.3% from 4.1% as labor cost declined 1% revised from previous estimate of 0.5% fall. Kroger, grocery chain, delivered earning in-line with the estimates of 25 cents for the Q3. Apple stock rose 3% on a recommendation from a broker.
Elena
06 Dec, 2005
New York City
Time Warner Inc. slid on news that the company''s America Online division is close to a deal with Microsoft Corp. to create an online advertising service in competition with Google Inc. Sears Holdings Corp. posted sharp quarterly profit drop from the prior year, but beat estimates. UBS analyst raised estimates for both Apple''''s stock price and Q1 earnings because of the great popularity of iPods with consumers.
Elena
06 Dec, 2005
New York City
Time Warner Inc. slid on news that the company''s America Online division is close to a deal with Microsoft Corp. to create an online advertising service in competition with Google Inc. Sears Holdings Corp. posted sharp quarterly profit drop from the prior year, but beat estimates. UBS analyst raised estimates for both Apple''s stock price and Q1 earnings because of the great popularity of iPods with consumers.
Elena
06 Dec, 2005
New York City
Asian-Pacific benchmarks finished in the red on profit-taking and higher oil prices. Hong Kong was the biggest decliner, down 1.1%, followed by the Nikkei, down 0.8%. European stocks advanced at mid-day, boosted by telecoms and financials with the German DAX 30 in the lead, rising 0.7%. In economic news, the Department of Labor released its revised reading for Q3 productivity with the measure now showing a 4.7% seasonally adjusted annual growth rate, above expectations of 4.5%.
