123jump.com Staff
26 Sep, 2001
New York City
Traders rushed to buy stocks as regional economic report showed higher degree of manufacturing activity and consumer confidence report noted rising level of confidence. Metals priced gained but by a fraction. European markets rose on telecom and mining stocks. Latin Markets surge was led by 2.5% rise in Brazil. Lennar warned that fourth quarter earnings will be lower than expected and Lowes lowered earnings forecast for the year. S&P 500 surpassed high of February 2001.
Elena
26 Sep, 2006
New York City
European markets closed at a four-month high on the back of strong technology and resource stocks. Positive mood on Wall Street and a decline by the euro also contributed to the upward move. The French CAC 40 was the leading gainer, rising 1.4%, followed by London FTSE 100, up 1.3% on strong commodities-related stocks. The German DAX 30 rose 1%, boosted by tech shares like chipmaker Infineon Technologies and software maker SAP.
Elena
26 Sep, 2006
New York City
Better-than-expected improvement of consumer confidence index for September helped stocks move higher. The Conference Board said that consumer confidence rose to 104.5 from a revised reading of 100.2 in August, exceeding forecasts of a rise to 103. Following the confidence data, home improvement stores Home Depot Inc. and Lowe''s Cos. gained 1% and 1.5% respectively.
Elena
26 Sep, 2006
New York City
The market traded in a narrow range until early afternoon trading and climbed later aided by upbeat European markets.Banking, auto and IT stocks, muted until then surged. Short covering ahead of Thursday this week in derivatives contracts supported the rally. SBI led the gainers with 3% jump. A bank official with SBI said that interest rates in the country were softening but it was too early to say whether the trend would continue.
Elena
26 Sep, 2006
New York City
U.S. stocks started trading mixed, awaiting data expected to show an improvement in consumer sentiment, but a profit warning from home builder Lennar Corp. built on worries about a slowing housing market. The tech-heavy Nasdaq declined, with Apple, Dell, and Cisco Systems contributing to the weakness. PMC-Sierra dropped 8% after the chip maker warned its sales would fall short of its expectations.
Ivaylo
26 Sep, 2001
New York City
Hanson was the leading advancer in London on Tuesday as takeover rumours hit new heights. Bid speculation has continued to surround the group, with Cemex, the Mexican cement giant that owns RMC, seen as a leading suitor. The other bid story today concerned Amvescap, as talk of a takeover sent its higher. By mid-day, the FTSE 100 advanced 43 points, or 0.75, to 5,841.3.
Elena
26 Sep, 2006
New York City
Stock futures moved higher Tuesday, with investors optimistic about the consumer confidence growth, helped by a decline in energy prices. Home builder Lennar reported a 39% profit drop in the most recent quarter, and warned its Q4 earnings would range between $1 and $1.30 a share, well below expectations of $1.60.
Elena
26 Sep, 2006
New York City
Lowe
Ivaylo
26 Sep, 2006
New York City
Export-related stocks and techs shares pushed Asian markets down on Tuesday. The rebounding oil prices fueled worries that a slowdown in the U.S. would weigh on corporate profits. The Nikkei 225 Average dipped, ignoring a change in political leadership after incoming Prime Minister Shinzo Abe revealed the first details of his new Cabinet. Singapore and Australia bucked the downtrend and advanced.
Ivaylo
26 Sep, 2001
New York City
European stocks advanced Tuesday on positive sentiment coming from U.S. markets, while shares of Europe leading utilities moved higher after Acciona interfered into the bid war for Endesa. By mid morning, European markets had extended their gains following Ifo business confidence data in Germany that came in line with expectations. London FTSE 100 gained 0.7%, while Frankfurt Xetra Dax added 0.6% and the CAC 40 in Paris climbed 1%.
Ivaylo
26 Sep, 2006
New York City
The energy sector has taken a lot of the inflation fears out of the market as oil was below $60 earlier in the session and took the metals down with it. However, after trading to a 10-month low overnight, November crude oil had surged back to $62 as gold was closing. Some of the strength in the copper, gold and silver is all related to the turnaround in the oil markets.
123jump.com Staff
25 Sep, 2006
New York City
Market averages rebounded in the afternoon trading to the high for the day. Tech stocks led the charge with Apple and semi-conductor stocks gaining up more than 3%. Existing home sales fell 0.5% to an annual rate of 6.3 million and median home price fell to $225,000 in August. The fisrt median home price decline in ten years. Class action status was awarded to a light cigarette case by a U.S. federal court judge. Indexes rose despite 4% decline in Altria, parent of Philip Morris USA.
Elena
25 Sep, 2006
New York City
European markets closed mixed Monday, reflecting sharply lower crude oil futures. Continuing consolidation in the pharmaceutical sector provided some help. The German DAX 30 gained 0.3%, boosted by automakers like BMW and Volkswagen which rose 1% on weak oil prices. The French CAC 40 added 0.1%, while London FTSE 100 slipped 0.4%, dragged by weak commodities futures.
Elena
25 Sep, 2001
New York City
Stocks lost direction, hurt by existing home sales data, showing that sales fell to a seasonally adjusted annual rate of 6.30 million units, slightly down from expectations. The National Association of Realtors reported that the median home price for August was $225,000, compared with a revised $230,000 in July, marking the fist median price decline since 1995. The drop was the second-biggest in the survey''s 38-year history.
Elena
25 Sep, 2006
New York City
The impending expiry of September derivative-contracts on Thursday swayed traders away from buying stocks. Selling was seen in consumer goods and IT stocks. Metal and oil & gas stocks witnessed buying interest. Tata Steel led the advancers, together with Bharti Airtel, Tata Motors, HDFC Bank and Reliance Industries. Grasim led the decliners. India will soon have its first home-grown CDMA handset maker following a licensing deal announced Monday with Qualcomm Inc.
