Elena
09 Sep, 2005
New York City
Asian markets ended mixed with the Nikkei up 1.3% on tech stocks, China's Shanghai Composite was down 0.4% on profit-taking. European stocks were higher at mid-day on strong semiconductor sector. U.S. giant Texas Instruments raised 3Q outlook, projecting 36 to 38 cents a share. Import prices index for August is awaited.
123jump.com Staff
08 Sep, 2005
New York City
After trading for the most of the day in negative zone, all three averages closed lower. The market got its first glimpse of the decline in crude oil, gasoline and distillate inventories. The smaller-than-expected decline in inventories led oil to drop initially only to rebound as sellers were few. Hovnanian forecasted lower profit in 2006 driving home builder segment lower and Sears Holdings reported earnings below the consensus forecast.
Elena
08 Sep, 2005
New York City
According to the first statistics of Katrina's impact on the energy sector, crude-oil inventories have dropped by 6.4 million barrels for the week ended Sept 2, gasoline inventories have declined by 4.3 million barrels. eBay lost 3.8%, Apple is heading for a new peak, Texas Instruments and Broadcom gained.
Elena
08 Sep, 2005
New York City
Homebuilders advanced after Hovnanian Enterprises posted net income of $1.76 a share for the third quarter , 2 cents below expectations. The company said it expects to post earnings exceeding $7 a share for fiscal 2005. Analysts had forecast earnings of $7.26 a share. Hovnanian slumped 6%. Toll Brothers fell 4.2%, KB Homes shed 3.1% and Pulte Homes lost 3.2%.
Elena
08 Sep, 2005
New York City
South Korea's leading index reached a record high, the Nikkei lost 0.6%. European markets traded near the flat line at mid-day. e-Bay is in talks to acquire privately held internet-telephone company Skype Technologies fot $2 billion to $3 billion.
123jump.com Staff
07 Sep, 2005
New York City
Transportation Secretary reported in a TV interview that two major oil pipelines in the Gulf Region Colonial and Plantation are fully operational. The total network of pipes can reach 2,500 miles and deliver oil to more than eight shipping terminals. From end to end oil travel time can take upto 22 days when fully powered by electricity.
Elena
07 Sep, 2005
New York City
U.S. averages are trading mixed. Energy, steel and some stocks from the tech sector are among the gainers on 0.5% higher oil prices and speculations of rising steel prices by 20%. Telecommunication stocks are trading down.
Elena
07 Sep, 2005
New York City
Stocks are trading down on profit-taking and economic data. Asian markets finished higher , boosted by the sharp pullback in oil prices, South Korea's Kospi climbed 1.8%, the Nikkai edged up 0.1%. European stocks gain on equity markets. CBO report showed that 400,000 people will become jobless, economic growth will be 1% down.
Elena
07 Sep, 2005
New York City
Stocks are trading down after Tuesday's broad rally, awaiting economic data. Asian markets finished higher , boosted by the shsarp pullback in oil prices, South Korea's Kospi climbed 1.8%, the Nikkai edged up 0.1%. European stocks gain on equity markets. Revised 2Q productivity figures are expected to show 2.1% growth rate, down from 2.2% in July. The Fed Reserve's Beige Book report is due later in the day.
123jump.com Staff
06 Sep, 2005
New York City
Dropping oil price and bond yield supported a broad rally in the market acorss several sectors. Investors remain focused on Hurricane Katrina ravaged Gulf of Mexico as they count and recount its impact on the broader economy. Only two refineries in the region are reporting a close to 100% production pre-Katrina level. Six refineries are still in the state of repair.
Elena
06 Sep, 2005
New York City
The ISM reported that the service-sector activity has risen to 65% in August from 60.5% in July. Broad buying of stocks sent all three major averages up at least 1%. Apple climbed to an all-time high on a new product announcement.
Elena
06 Sep, 2005
New York City
Oil prices were sent 1% lower. The ISM reported that the non-manufacturing index climbed to 65 from 60.5 in July. South Korea's Kospi gained 0.7%, the Nikkei lost 0.3%. The Australian stock market added 0.1% after falling 1% in the last two weeks. European stocks were trading higher at mid-day on M&A news in the energy sector.
Elena
06 Sep, 2005
New York City
South Korea's Kospi gained 0.7%, the Nikkei lost 0.3% in a mixed trading session for the Asian markets. The Australian stock market added 0.1% after falling 1% in the last two weeks. European stocks were trading higher at mid-day on M&A news in the energy sector. S&P futures up 5.7 points, Nasdaq futures also up 7.5points.
Elena
05 Sep, 2005
New York City
Asian markets opened higher led by markets in South Korea and Hong Kong, after European markets close to a two-week high. Spain's utility Endesa receives $29 billion bid from ENDESA. After six days of Hurricane Katrina less than 50% of oil and gas production is restored after similar time period in the aftermath of Hurricane Ivan in 2004.
123jump.com Staff
03 Sep, 2005
New York City
The traditional summer IPO lull is in progress. No deal is scheduled to be priced till the week of September 19th. Seven companies filed for initial public offerings, including SAIC to raise $1.7 billion. Celldex withdrew IPO filing.
