123jump.com Staff
27 Jul, 2006
New York City
Market averages rallied in the early morning on better than expected gains on durable good orders in June. New home sales in June declined 3% and inventory of unsold homes rose 24%. ExxonMobil earnings jumped 36%. Aetna earnings declined.
Elena
27 Jul, 2006
New York City
European markets closed in the positive for a second day in a row, as earnings and sales reports from major companies boosted market sentiment. Leading advancers on Thursday were oil and gas companies, as well as automakers. Royal Dutch Shell increased 2%, DaimlerChrysler rose 1.8%, and Volkswagen soared 8.8%. The German DAX 30 surged 1.4%, the French CAC 40 rose 1.2%, and London FTSE 100 gained 0.9%.
Elena
27 Jul, 2006
New York City
The energy sector strengthened on gains for Exxon Mobil and Royal Dutch Shell. Comcast, the biggest cable operator, rose 4.6% on better-than-expected Q2 earnings. Hewlett-Packard also supported the Dow, rising 2.1%. On the downside, Aetna dipped 19.4% as Q2 net income fell on higher medical costs. Dow Chemical, the largest U.S. chemicals maker, dropped 10% on profit that missed analyst estimates.
Elena
27 Jul, 2006
New York City
For the fourth day in a row Sensex 30 on Mumbai Stock Exchange advanced more than 100 points. The stock rally was bolstered by strong earnings from several large and mid cap companies. Passage of nuclear bill in the lower house of U.S. Congress helped several construction companies. Local unit of French utility company Areva gained more than 5%.
Elena
27 Jul, 2006
New York City
In economic news, the Department of Labor said that jobless claims fell unexpectedly to 298,000 from last-week revised figure of 305,000. Economists had expected jobless claims to rise to 310,000. In another report, the Department of Commerce said that durable goods orders rose 3.1% in June following a revised 0.3% increase in May. Economists had expected orders to increase by about 1.9%.
Elena
27 Jul, 2006
New York City
U.S. stock futures pointed to a higher opening, boosted by optimism about second-quarter earnings. Exxon Mobil posted Q2 profit jump of 36% to $10.36 billion, the second largest quarterly profit ever recorded by a publicly traded U.S. company. Earnings rose to $1.72 per share vs. $1.20 per share last year, beating estimates of $1.64 per share. DaimlerChrysler posted Q2 profit of 1.81 billion euros, compared to 737 million euros in 2005.
Elena
27 Jul, 2006
New York City
In other Nymex trading Thursday, gasoline futures fell 0.72 cents to $2.2890 a gallon and natural gas futures were up 10.4 cents to $6.991 per 1,000 cubic feet. Heating oil futures rose slightly to $1.96 a gallon. September Brent on London''s ICE Futures exchange gained 10 cents to $74.10 a barrel.
123jump.com Staff
26 Jul, 2006
New York City
It was another days of mixed earnings and worries of slowing economy. Norfolk Southern reported weaker than expected earnings a day after UPS guided investors with lackluster earings forecast. UPS lost 16% in two days of trading and Norfolk lost 8.5%. Getty Images deopped 18% and Choice Hotels lost 24% on earnings disappointments. Amazon lost 22% on expected loss in the third quarter. Boeing dropped 4.6% on $1 billion of charges. GM gained 4.37% on better than expected rise in sales.
Elena
26 Jul, 2006
New York City
European markets finished in the positive as gains for companies like Reuters and Syngenta offset losses in the automotive sector. Mining stocks also contributed to the positive sentiment, with Arcelor climbing 9%, and Xstrata rising 0.5%. The German DAX 30 rose 0.4%, the French CAC 40 gained 0.2%, and London FTSE 100 climbed 0.4%.
Elena
26 Jul, 2006
New York City
Disappointing earnings from Amazon.com and Boeing Co. helped pull the consumer discretionary and industrials sectors lower. Although General Motors posted strong quarterly results, transportation stocks sharply dropped as railway company Norfolk Southern said Q2 profit fell on higher fuel costs. Shares of Amazon slipped 17%, Norfolk Southern declined 12%, while General Motors advanced 4.5%. Dow component Boeing declined 4.4% on Q2 loss versus a year ago profit.
Elena
26 Jul, 2006
New York City
Sensex gained on the back of Asian rally which was led by a steep rise in the U.S. market. The third day of rally was supported by a flood of earnings. Bharti Airtel reported earnings gain of 48% and ONGC reported earnings advance of 24%. Sensex third advance was marked by a volatile trading and low turnover.
Elena
26 Jul, 2006
New York City
Stocks opened lower on profit taking after recent rally. Boeing Co. fell 4.6% after it reported a Q2 $160 million loss on more than $1 billion in charges. Black & Decker reported Q2 net profit increased 0.9% from a year ago to $1.98 a share, while sales declined 0.1% to $1.697 billion. Amazon fell 17% after it released a disappointing quarterly report, putting pressure on the Internet sector. Getty Images dropped 15% on 35% profit drop for the second quarter.
Elena
26 Jul, 2006
New York City
U.S. stock futures pointed to a mixed opening on earnings reports from Amazon and GM. Amazon dropped 13% as the company lowered its profit outlook, while General Motors rose 4% in pre-market trading. The automaker posted Q2 profit loss of $5.62 per share vs. a loss of $1.75 last year on heavy restructuring charges, but operating profit well above estimates and 12% sales growth.
Elena
26 Jul, 2006
New York City
On Monday a group of private equity firms, including Bain Capital, Kohlberg Kravis Roberts & Co. and Merrill Lynch & Co offered $21.3 billion for HCA. Terms of the agreement give Bain, KKR and Merrill the right to top any counteroffer. Blackstone hasn''t yet invited other private-equity firms to join any potential offer.
123jump.com Staff
25 Jul, 2006
New York City
Amazon.com reported earnings of 5 cents vs. 12 cents a year ago on revenue rise of 22%. The company also guided third quarter revenue rise of between 17% and 25% and earnings to drop between 24% and 87%. The stock lost more than $3 in the after hours trading.
