Elena
04 Jan, 2007
New York City
The U.S. stock markets turned mixed in late morning trading, with the Nasdaq moving above the flat line. The advance by the tech-heavy Nasdaq was largely contributed by strength in the semiconductor sector, with Intel climbing 3.8% after Banc of America raised its earnings estimates for the semiconductor giant. Strong gains by some biotechnology and internet stocks also provided a boost.
Elena
04 Jan, 2007
New York City
The Indian benchmark index could not sustain the 14,000 level achieved yesterday and plummeted in volatile trade today. Weakness in metal and IT stocks weighed on the market, as precious metals and copper fell sharply on the world stock exchanges. ITC led the decliners on a plunge in wheat prices. After their rally yesterday, IT stocks were under heavy selling pressure today and ended in negative territory. Dr Reddy led the advancers, together with energy stocks.
Elena
04 Jan, 2007
New York City
U. S. stocks started trading lower Thursday morning as disappointing monthly retail sales raised concerns about the outlook for corporate profits. Retail chains like Federated Department Store, Gap Inc., Limited Brands Inc., and Target Corp. posted lower-than-expected same-store sales during the month of December. In economic news, the Commerce Department said that November factory orders rose 0.9% following a revised 4.5% decline in October.
Ivaylo
04 Jan, 2007
New York City
Miners dominated the list of large-cap decliners, led by Xstrata, Kazakhmys, Vedanta and Antofagasta as copper prices continued to fall on concerns about waning demand and increasing stockpiles. Oil companies BP, Shell and Cairn Energy also slipped as oil prices dropped 4%. Online electronic company FFastFill and retailer Alexon led the gainers. The FTSE 100 slipped 0.62% to 6,280 in mid-afternoon session.
Elena
04 Jan, 2007
New York City
U.S. stock futures pointed to a negative market opening on continuous concerns that the Fed Reserve may not cut interest rates in the short term. Market also digested December retail sales which turned out to be lower than previously expected. In economic news, initial jobless claims rose to 329,000 from the previous week''s revised figure of 319,000, higher than the expected rise to 320,000. Monsanto reported Q1 profit jump by 53% to 16 cents a share on strong sales.
Elena
04 Jan, 2007
New York City
Retail companies will be in the spotlight on Thursday, due to the release of December same-store sales. Rainstorms and warmer winter weather are expected to have negatively influenced retailers
Ivaylo
04 Jan, 2001
New York City
Asian markets ended mostly lower Thursday, with Japan and China advancing contrary to the general downtrend. In Japan, stocks opened 2007 by hitting an eight-month high in a shortened session on gains in automakers. In China, airlines and resource shares reported strong gains but in Hong Kong the stock market was pushed lower by Chinese financials. A slump in commodity prices and a reversal of strength on the US market pushed the market in Australia down sharply.
Ivaylo
04 Jan, 2007
New York City
European equity markets retreated from six-year highs on Thursday as resource stocks fell after sharp declines for oil and metals prices on commodity exchanges. In New York overnight stocks gave up much of their early gains as markets struggled against falling commodity prices. Resource stocks were hit by falling commodities. London-listed miners fell after copper prices tumbled. By mid-morning, the U.K. FTSE 100 shed 0.8% as did Frankfurt Xetra DAX. CAC 40 in France declined 1%.
Ivaylo
04 Jan, 2007
New York City
Gold prices declined on Wednesday, suggesting a fall in the February contract from its strongest intraday level in a month to a end at its lowest level in more than a week as a stronger U.S. dollar reduced demand for the precious metal. March silver contract also dropped from an almost three-week high as well as copper futures which slipped to their weakest level since April.
Elena
03 Jan, 2007
New York City
U.S. stock averages closed mixed Wednesday, reversing from substantial gains made earlier in the session. Market turned to a heavy sell-off after minutes from the last Federal Reserve policy setting meeting indicated growing concerns over economic growth, with the pullback in the housing sector in particular. Dow ended up 11, Nasdaq gained nearly 8, while S&P 500 fell almost 2 points.
Elena
03 Jan, 2007
New York City
Stock market averages continued to rally in early afternoon trading Wednesday, driven by stronger-than-expected manufacturing data, a notable decline by the oil price and gains for leading retailer companies. Both Wal-Mart and Home Depot rose above 3%, pushing the Dow Jones to a new trading high. General Motors was one of the very few losers on the Dow, falling 2.5% after Banc of America downgraded the stock to sell from neutral.
Elena
03 Jan, 2007
New York City
European stocks closed little changed on Wednesday. Markets hovered near six-year highs, reflecting robust opening on Wall Street and better-than-expected U.S. factory data. Steelmakers, including ThyssenKrupp and Mittal Steel, showed weakness as Credit Suisse downgraded the steel sector. Mining stocks like Xstrata and Antofagasta also came under pressure, dragged by a steep decline in copper prices. The German DAX 30 and London FTSE 100 added 0.1% each, while the French CAC 40 lost 0.1%.
Elena
03 Jan, 2007
New York City
U.S. stocks rallied in the first session of 2007 on optimism about the economy, following a stronger-than-expected report on December manufacturing from the Institute for Supply Management. The index came in at 51.4%, stronger than the expected reading of 50%. The Dow surged with shares of Wal-Mart and Home Depot leading gainers. Wal-Mart rose 3.5% after December same-store sales rose more than expected. Home Depot advanced 3.4% after the resignation of its chairman.
Elena
03 Jan, 2007
New York City
The market advanced in a volatile session as pharma and IT stocks staged a strong recovery in afternoon trade, after a weak morning trading. IT stocks surged on the back of the expected robust Q3 results. Bajaj Auto was the top gainer, supported by strong sales results in December. Ranbaxy also gained, continuing its upward trend this year. Hindustan Lever, ACC and Tata Steel led the decliners. India hopes to strike a deal to buy 2.5 million tons a year of liquefied natural gas from Australia.
Ivaylo
03 Jan, 2007
New York City
Euopean shares traded near flat levels as stocks opened for trading in new York. European stocks trades mildly higher on 2% rise in French auto maker Peugeot. Mining and bank stocks in London trading closed lower on profit taking and drop in copper and oil prices. Anglo American, BHP and Rio Tinto declined. CSR fell 2.3% on the accuse of patent violation. Britvic, second largest soft drink maker and retailer DSG International rose.
