Elena
16 Mar, 2006
New York City
U.S. stocks advanced Thursday morning, boosted by benign inflation and housing starts data. Bear Stearns reported record-high Q1 profit of $3.54 per share, beating expectations. Revenue rose 18.9% to $2.19 billion. Housing stocks rose on falling treasury yields. ConAgra Foods fell 6.8% due to a massive restructuring plan. The company also cut its quarterly dividend by 34%.
Elena
16 Mar, 2006
New York City
U.S. stocks opened higher, boosted by economic data on consumer prices which showed inflation slowed sharply in February as food costs moderated and the price of energy products significantly fell. Bear Stearns reported record-high Q1 profit of $3.54 per share, beating expectations. Revenue rose 18.9% to $2.19 billion. Housing stocks rose on falling treasury yields. Toll Bros rose 4.7%, Ryland Group 2.5%, Hovnanian gained 2.1%, KB Home added 1.6%.
Elena
16 Mar, 2006
New York City
Stock futures recovered from earlier weakness and turned positive on a report on consumer prices which showed inflation at tame levels. In addition Wall Street brokerage Bear Stearns reported record-high Q1 profit of $3.54 per share, compared to $372.3 million, or $2.64 per share in 2005, beating expectations. Revenue rose 18.9% to $2.19 billion compared to $1.84 billion a year ago.
Elena
16 Mar, 2006
New York City
Stock futures recovered from earlier weakness and turned positive on a report on consumer prices which showed inflation at tame levels. In addition Wall Street brokerage Bear Stearns reported record-high Q1 profit of $3.54 per share, compared to $372.3 million, or $2.64 per share in 2005, beating expectations. Revenue rose 18.9% to $2.19 billion compared to $1.84 billion a year ago.
Elena
16 Mar, 2006
Frankfurt
European averages traded lower at mid-day, pressured by oil, healthcare and insurance stocks. Strong performance from supermarket group Casino Guichard and steelmaker Corus Group failed to offset decline. The German DAX 30 fell 0.3%, the French CAC 40 declined 0.3%, and London FTSE 100 lost 0.2%.
Elena
16 Mar, 2006
New York City
Asian-Pacific benchmarks finished mixed on interest rate concerns and a key earnings report from China Mobile. The Nikkei started higher, helped by exporter issues, but eventually dropped 1.4% on weak property and bank stocks. Hong Kong Hang Seng was up 0.06% on optimism about strong corporate results, while Taiwan Weighted index fell 0.2% on profit taking in the tech sector. Australia All Ordinaries advanced 0.6% on resource stocks.
123jump.com Staff
15 Mar, 2006
New York City
S&P crossed 1,300 and Dow Jones Industrial crossed 11,200 for the first time since May 2001. Nasdaq traded above 2,300 but still 50% below the all-time peak in the year 2000. Regional survey from Fed suggested healthy economic expansion, rising emplyment levels and mild rise in retail prices. H&R Block lost 4% on a suite filed by NY Attorney General office. Lehman reported earnings growth of 24% but brokerage stocks sell-off. Brazil and Mexico gained 2% and 0.4% leading emerging markets.
123jump.com Staff
15 Mar, 2006
New York City
Regional survey from Fed suggested that economic growth is consistent and retail prices are rising at a modest pace with rising emplyoment levels. Trasportation sector advanced on the news that demand for commodities is strong adn Union Pacific revised its earnings guidance for the quarter. Dow Jones Transportation Index is at a record high of 4,574.
123jump.com Staff
15 Mar, 2006
New York City
Federal Reserve Bank regional economic survey reflected healthly economic growth and mild price increases in the twelve regions of the country. The report said that employment strengthened in the regions in the months of January and February and retail prices advanced moderately. Labor Department said that import prices declined 0.5% in February. Lehman Bros. earnings rose 24% and Sears Holdings rose 9% after it reported Q4 earnings of $4.03.
Elena
15 Mar, 2006
Frankfurt
European averages closed in the positive, supported by strong resource and tech stocks. BHP Billiton, Rio Tinto, and BP advanced on higher metal prices. STMicroelectronics and Infineon Technologies showed strength in the tech sector. The German DAX 30 rose 0.5%, the French CAC 40 gained 0.2%, and London FTSE 100 advanced 0.4% on merger speculation.
Elena
15 Mar, 2006
New York City
Stocks traded in a tight range, awaiting the Fed Reserve survey of regional economic conditions. The Nasdaq slightly gained after Sears Holdings reported that its Q4 earnings more than doubled. Lehman Bros reported Q1 profit rise of 24% to $1.085 billion, or $3.66 a share on 17$ higher revenue to $4.46 billion. GM edged up on news that the automaker received a bid for its GMAC arm. Bond prices fell, pushing the yield on the 10-year bond higher to 4.73% from 4.69%.
Elena
15 Mar, 2006
New York City
Stocks opened mixed as bond yields moved up. However, the Nasdaq slightly gained after Sears Holdings reported that its Q4 earnings more than doubled. Lehman Bros reported Q1 profit rise of 24% to $1.085 billion, or $3.66 a share on 17$ higher revenue to $4.46 billion. EchoStar Communications posted Q4 profit nearly doubled, but missed expectations. General Motors edged up on news that the automaker received a bid for its GMAC arm by investors led by Kohlberg, Kravis & Roberts.
Elena
15 Mar, 2006
New York City
Lehman Bros., financial-services firm, reported Q1 profit rise of 24% to $1.085 billion, or $3.66 a share vs. $875 million a year ago, when it earned $2.91 a share. Net revenue rose 17% to $4.46 billion. Sears Holdings rose 5% in electronic trading on Inet before the opening bell after posting a higher-than-expected quarterly profit.
Elena
15 Mar, 2001
New York City
European averages advanced at mid-day trading, supported by strong energy and technology stocks after the sharp decline of U.S. bond yields. BHP Billiton, Rio Tinto and BP were among the leading gainers, together with tech companies STMicroelectronics and Infineon Technologies. The German DAX 30 added 0.3%, the French CAC 40 gained 0.3%, and London FTSE 100 rose 0.5%.
Elena
15 Mar, 2001
New York City
European averages advanced at mid-day trading, supported by strong energy and technology stocks after the sharp decline of U.S. bond yields. BHP bIlliton, Rio Tinto and BP were among the leading gainers, together with tech companies STMicroelectronics and Infineon Technologies. The German DAX 30 added 0.3%, the French CAC 40 gained 0.3%, and London TSE 100 rose 0.5%.
