123jump.com Staff
22 Dec, 2006
New York City
Markets around the world sold-off in light trading ahead of three-day weekend. Asian markets contniued to climb. India, Singapore and Hong Kong markets remained at elevated levels. Research in Motion stocks traded as high as $140 on 49% rise in sales and 47% gain in earnings. Markets in the U.S. sold off on ligh volume and on weak November durable goods orders. News Corp and Liberty Media agreed to exchange assets worth $11 billion. Used car auction company Adesa is bought for $3.7 billion.
123jump.com Staff
22 Dec, 2006
New York City
Ahead of three-day holiday weekend, trading activity is below normal level. Market averages are selling off as traders show reluctance to hold positions. Durable goods orders for the November month fell for the secodn month in a row. Research in Motion reported added 875,000 subscribers in the third quarter. The stock jumped to $140 but settled lower at $130. Red Hat up 18% on earnings news.
Elena
22 Dec, 2006
New York City
Ahead of three day weekend market showed a slight upward bias. India Sensex picked up momentum to close up in the final hour of trade. Pharma, engineering, metal and select auto stocks rallied while banking stocks declined. Hero Honda led the advancers and Satyam led the decliners. Inflation at wholesale level continues to trend upwards on rising food prices. U.K. based Vodafon said that it plans to bid for controlling stake in Hutchinson Essar.
Elena
22 Dec, 2006
New York City
Tech stocks, which provided strength to the market in pre-open tradinmg, were in focus. Research In Motion, BlackBerry device maker, posted 47% profit jump on strong shipments of its handheld devices. The company reported a profit of 93 cents per share, up from 63 cents per share last year. Quarterly sales rose 49%. The stock rose 2.5% in early trading.
Ivaylo
22 Dec, 2006
New York City
Mining stocks declined in the wake of the copper demise, hitting a six-month low in Shanghai. Rio Tinto and Vedanta Resources led the decline. Vodafone fell, following its decision of a likely offer for a controlling stake in Hutchison Essar. Carnival gained for a second day on its report yesterday of better-than-expected earnings. The benchmark FTSE 100 Index gained 2.9, or less than 0.1%, at 11:47 a.m. in London. The U.K. market closes at 12:30 p.m. today.
Elena
22 Dec, 2006
New York City
U.S. stock futures gained Friday as tame inflation data and well-received results in the technology sector lifted sentiment. The Department of Commerce said consumers increased their spending in November by 0.5%, the largest amount in four months. Another economic report showed stronger-than-expected demand for big-ticket goods. Durable goods orders rose 1.9%, higher than the 1.5% gain economists were anticipating.
Elena
22 Dec, 2006
New York City
The company said earnings dropped to $14.6 million, or 7 cents per share, down from $24.6 million, or 12 cents a share last year. Excluding stock options expenses and income tax provisions, profit totaled $29.6 million, or 14 cents per share, exceeding estimates of 12 cents a share. Revenue rose 45%.
Ivaylo
22 Dec, 2001
New York City
The Nikkei''''s upward movement was driven in part by optimism that Japan''''s central bank will not consider hiking interest rates for the time being and by gains in Toyota. The Heng Seng index in HK got a boost from utilities and China-related companies on abundant liquidity. Australia and Singapore also gained while the market in South Korea ended flat in fairly narrow volume tracking a tug-of-war between local institutional profit-taking and foreign buying.
Ivaylo
22 Dec, 2006
New York City
With thin volumes trading witnessed more volatility than usual. Trading was expected to be light during that time before the Christmas break, however, telecom company Vodafone Group put some downward pressure after it announced it was interested in buying a stake in the fourth biggest mobile operator in India. In morning trade, London FTSE 100 was fractionally lower, Frankfurt Xetra Dax fell 0.3% and the CAC 40 in Paris shed 0.3%.
Ivaylo
22 Dec, 2006
New York City
Gold is still closely connected with the movements of the dollar and oil, but while both may turn out to be supportive in the long term, short-term the market is still in consolidation with traders winding down for the holiday period. Copper was the big decliners on Thursday, leading base metals lower on Wednesday as well. The weakness in copper seems to have been triggered by general liquidation selling.
123jump.com Staff
21 Dec, 2006
New York City
Market averages fell on the revised thrd quarter economic growth projection to 2% from 1.6%. Annualized growth rate was dragged by the weakness in the housing market. Economy grew at annual rates of 5.6% in the first quarter and at 2.6% in the second quarter respectively. Jabil Circuits fell on lowered current quarter revenue projections. ConAgra rose on improved sales and lower operating cost. Copper, gold and silver fell on slower economic growth projection. Asian Markets fall.
Elena
21 Dec, 2006
New York City
European stocks closed modestly down on Thursday, pressured by weaker telecom shares. The decline of the telecoms companies followed reports that Vodafone considers launching a bid for Hutchison Essar, the fourth biggest mobile operator in India. London FTSE 100 fell 0.3%, while the German DAX 30 and the French CAC 40 both lost 0.2%.
Elena
21 Dec, 2006
New York City
Stocks traded little changed, with traders restraining from major moves ahead of the long holiday weekend. Market also digested several robust corporate profit reports along with slower-than-expected Q3 economic growth. ConAgra rose 2.3% after its fiscal Q2 profit rose 44%. Jabil Circuit dropped 10.6% after the company reported disappointing Q1, despite a 34% increase in revenue. PMC-Sierra, chip maker, fell 5.1% after cutting its Q4 profit forecast.
Elena
21 Dec, 2006
New York City
The markets opened with a negative gap but witnessed a swing in trend during the latter part of trading. Selective buying in auto and pharma sector helped the benchmark index end slighly higher. Reliance Communication led the gainers, Reliance Industries also surged. Gujarat Ambuja Cements led the decliners, banking stock finished in the red. Tech Mahindra was surprisingly the most-active stock. Vodafone is considering a $13.5-billion-plus offer for Hutchison Essar.
Elena
21 Dec, 2006
New York City
Wall Street opened slightly higher as robust corporate profit reports helped offset some negative sentiment generated by weaker-than-expected economic growth in Q3. Drug maker Rite Aid rose 3% after reporting a narrower fiscal Q3 loss amid stronger pharmacy sales and improved prescription volume, and reiterated its 2007 profit forecast. American Greetings said its Q3 profit rose sharply, helped by gains from the consolidation of some its retailers. The stock jumped 6%.
