Elena
29 Sep, 2005
New York City
PepsiCo reported Q3 earnings of 78 cents a share on revenue of $18.8 billion, beating expectations. Research In Motion declined 7% on disappointing earnings report. The initial jobless claims in the latest week fell by 79,000 to 356,000, 60,000 of which were related to Hurricane Katrina. The Commerce Department said that Q2 GDP figures remained unchanged at 3.3% growth.
Elena
29 Sep, 2005
New York City
PepsiCo reported Q3 earnings of 78 cents a share on revenue of $18.8 billion, beating expectations. Research In Motion declined 7% on disappointing earnings report. The initial jobless claims in the latest week fell by 79,000 to 356,000, 60,000 of which were related to Hurricane Katrina. The Commerce Department said that Q2 GDP figures remained unchanged at 3.3% growth.
123jump.com Staff
28 Sep, 2005
New York City
In the morning market rose on strong durable goods order report but quickly lost ground when the weekly petroleum report was released. Market never recovered in the session. Mining, energy, financials and casino stocks rose while home builders, restaurant and transportation stocks declined in a day of moderate trading volume. RIMM reports Q2 earnings of 56 cents vs 36 cents a year ago.
Elena
28 Sep, 2005
New York City
Oil prices have started a new surge. Light sweet crude November delivery rose $1.43 to $66.50 a barrel. Heating oil advanced by 8.6 cents to $2.1555 a gallon, while gasoline rose over 6 centss to $2.235. Housing sector is among the biggest decliners, falling by 1.3%.
Elena
28 Sep, 2005
New York City
The Commerce Department released a better-than-expected report on durable goods orders in the month of August. The report showed that durable goods orders rose by 3.3% in August following a downwardly revised 5.3% decrease in July. Economists had been expecting orders to increase by 1% compared to the 4.9% drop originally reported for July.
Elena
28 Sep, 2005
New York City
Asian-Pacific markets finished mixed with Seoul's Kospi at a new high of 1.6% on positive earnings expectations and the Nikkei rising 1% on automakers. European markets trade higher on Fed Reserve report and Daimler Chrysler. Data on durable goods orders and crude inventories awaited. The Commerce Dept. released August durable goods orders increase of 3.3% vs. expectations of 0.9% growth.
123jump.com Staff
27 Sep, 2005
New York City
Declining consumer confidence and home sales, elevated energy cost and volatile bond yields kept investors on the edge. Heavy volume of two billion shares on NYSE. Stocks of home buidlers and energy companies saw above average volume as volatile bond yields and crude oil prices kept investors gusessing. Lennar, Pepsi Bottling Group and Jabil Circuit delivered better than expected earnings. August home sales declined 9.9%.
Elena
27 Sep, 2005
New York City
The Conference Board released a report, showing that consumer confidence in September dropped to 86.6 from 105.5 in August, although economists had expected a more modest decline of 98.0. The Department of Commerce released data, indicating that new home sales fell 9.9% to a seasonally adjusted annual rate of 1.237 million units in August from the revised July rate of 1.373 million units. Economists had expected sales to fall to a 1.363 million unit rate.
Elena
27 Sep, 2005
New York City
Pepsi Bottling Group posted 3Q 7% earnings rise of 82 cents a share vs. 73 cents a year ago on strong sales. Excluding special gains, the quarterly results met expectations of 78 cents a share on sales of $3.14 billion. Lennar, homebuilder, reported 3Q 50% income growth of $2.06 a share vs. $1.36 a year ago, beating estimates. The company raised its 2005 profit outlook to $8.10 a share. New home sales in August were 1,237,000, down 9.9% from July, but up 6.2% from August 2004.
Elena
27 Sep, 2005
New York City
Asian markets closed mixed with South Korea's Kospi and Australia's All Ordinaries at all-time highs. The Nikkei lost 0.6% after Monday's four-year peak. European stocks trade mixed, pressured by rising oil. The consumer spending report due out later in the day is expected to show that confidence index dropped to 95 from 105.6 in August on soaring gasoline prices.
123jump.com Staff
26 Sep, 2005
New York City
It seems like there is always bull market in the oil pit. Oil, gasoline, and heating oil advanced by 2%, 4%, and 5% for the day. Despite the receding fears of Hurricane Rita related damage to refineries in Texas, traders managed to stage a rally in the energy market. Bond yields on 10-year rose 4 basis points to $4.29% at close.
Elena
26 Sep, 2005
New York City
The National Association of Realtors released a report, which showed an unexpected increase of existing home sales by 2% to a seasonally adjusted annual rate of 7.29 million units in August from a revised 7.15 million unit rate in July. The increase surprised economists, who had expected sales to fall to a 7.11 million unit rate from the 7.16 million unit rate originally reported for July.
Elena
26 Sep, 2005
New York City
The German DAX 30 advanced 1.9% at mid-day. Analogic Corporation, health and security systems maker, posted 4Q earnings rise of 31 cents a share vs. 29 cents a year ago, despite a revenue decline. Walgreen, drugstore operator, posted 4Q earnings, missing estimates by 2 cents. The NAR released a report, showing that existing home sales rose 2% to a seasonally adjusted annual rate of 7.29 million units in August from a revised 7.15 million unit rate in July.
Elena
26 Sep, 2005
New York City
Asian-Pacific markets made solid gains on falling oil prices with the Nikkei up 1.8% and South Korea's Kospi climbing 2.6%. European stocks also gained at mid-day, led by the German DAX 30, rising 1.9%. Analogic Corporation, health and security systems maker, posted 4Q earnings rise of 31 cents a share vs. 29 cents a year ago, despite a revenue decline. Walgreen, drugstore operator, posted 4Q earnings,missing estimates by 2 cents.
123jump.com Staff
25 Sep, 2005
New York City
Refineries in Texas have been spared the feared heavy damage but it may take weeks or even a month to bring oil production, refining, and pipeline infrastructure back to normal. Eight ports in the region transporting more than 55% of farm exports may take couple weeks to restart. Lack of electric and man power may slow recovery.
