123jump.com Staff
30 Nov, -0001
New York City
Lack of earnings and economic news have pushed traders on the side-lines. Maytag gets a second buyout offer this time a Chinese rival teaming up with private equity firm, oil and metals markets trade lower. Overnight Asian markets and at mid-day European markets are trading lower. Oil traders are watching possibilities oil workers strike in Norway tomorrow.
123jump.com Staff
30 Nov, -0001
New York City
The Index of leading indicators showed that economy is growing but at a declining rate. Cablevision management proposes $7.6 billion buyout. CarMax reports 13% rise in profit but misses the estimates by 2 cents. European shares sold-off as Crude traded high in the local markets and euro fell 1.2% against dollar.
123jump.com Staff
30 Nov, -0001
New York City
The Index of leading indicators showed that economy is growing but at a declining rate. Cablevision management proposes $7.6 billion buyout. CarMax reports 13% rise in profit but misses the estimates by 2 cents. European shares sold-off as Crude traded high in the local markets and euro fell 1.2% against dollar.
123jump.com Staff
30 Nov, -0001
New York City
The Index of leading indicators showed that economy is growing but at a declining rate. Cablevision management proposes $7.6 billion buyout. CarMax reports 13% rise in profit but misses the estimates by 2 cents. European shares sold-off as Crude traded high in the local markets and euro fell 1.2% against dollar.
123jump.com Staff
30 Nov, -0001
New York City
after a week of stock and metal markets gains, sotkcs are on the defensive in the opening hours. Oil traders find every reason to push the prices higher and took oil in the morning trading to $60. CarMax profit is up 13% but misses the estimates of 36 cents bt 2 cents and lowers the guidance for the 2005 and 2006. Precious metals market is unchanged.
123jump.com Staff
30 Nov, -0001
New York City
Oil reached a new high and is likely to continue its advance in the coming weeks. Market observers blame lack of new refining capacities in the U.S., economic growth in Asia, war in Iraq and OPEC
123jump.com Staff
30 Nov, -0001
New York City
Latest read on consumer sentiment put investors in buying mood so much so that they shrugged off 3% rise in oil price. Current account deficit widened by 33% for the first quarter of the calendar year to $195.1 billion. Earnings from KB Homes took home buider stocks to a new high and Circuit City reported wider loss.
123jump.com Staff
30 Nov, -0001
New York City
The Jan-March current account deficit for the year jumped to $195.1 billion as the country piled on its existing debts to Europe, China, Japan and other Asian countries. Oil trades above $57 per barrel and gold crosses $440 per ounce with prices rising for copper and silver.
123jump.com Staff
30 Nov, -0001
New York City
Housing starts continued at two million units in May but buiding permits for the single-family unit declined by more than 4%. The Energy department weekly report on heating oil inventory put traders on the edge. Rally in the metals in Asian and European markets was carried thorugh in the NY trading for the day.
123jump.com Staff
30 Nov, -0001
New York City
Commodities and oil drive the market. Copper, gold and silver are trading higher on the recent market moves in Europe and Asia. Housing starts report and building permit continue to show strong construction activity. Goldman disappoints, Clorox and Potash gain on earnings, Smucker declines.
123jump.com Staff
30 Nov, -0001
New York City
In the morning trading housing stocks are under pressure. Commerce Department report suggests that while singel family housing starts in May were up 4.7% above April but building permits in May were 4.6% below the revised April rate of seasonally adjusted annual rate but still higher than 2 million units.
123jump.com Staff
30 Nov, -0001
New York City
Investors' enthusiasm on decline in CPI and rise in industrial production was short lived. Treasury reported that net foreign purchase of U.S. assets was $47.4 billion much less than anticipated $70 billion. Oil closing above $55 dollar, strength in dollar and in metals market put market on the edge except in the last 40 minutes of trading.
123jump.com Staff
30 Nov, -0001
New York City
Cosumer Price Index dips by 0.1% on the decline in oil prices by 3.4% in the month of May. Industrial Production increase as businesses build inventories. Markets sell-off as tech, health care, casinos sell-off but home builders jump.
123jump.com Staff
30 Nov, -0001
New York City
The decline in May CPI was largely related to decline in oil prices. However the index for housing was unchanged which many of us find it difficult to accept as housing prices continue to rise double digits across the country.
123jump.com Staff
30 Nov, -0001
New York City
Mixed economic data kept investors guessing for more data but retail stocks were the choice of the day. Retailers, consumer stapes, health care and casino stocks rallied. GM and Mylan rallied as both companies put shareholders interest first. GM is reported to be in talks with union to lower health-care costs and Mylan declares $1.25 billion buy-back and doubles the quarterly dividend.
