123jump.com Staff
03 Mar, 2006
New York City
In the first thirty minutes of trading markets were lower across all three major indexes on rising yields in the bond market and rising crude oil prices. Gold and silver are on decline. European markets are mostly lower at mid-day and markets in Asia closed lower. General Electric sells remaining stake in Genworth for $2.8 billion by pricing 71 million shares at $32.75 per share.
123jump.com Staff
03 Mar, 2006
New York City
Rising crude and rising bond yields in europe may dominate early opening trading. Starbucks is to trade higher on 8% rise in same-store sales. General Electric re-affirmed its earnings guidance for the quarter and for the year. Asian markets closed lower led by declines in Japan, Korea and India.
123jump.com Staff
03 Mar, 2006
Frankfurt
The economy of 12 member Euro nations are likely to grow faster than last year ago according to EC. Economy grew at 0.3% in the Q4 in 2005 and at 1.7% for the year 2005. The stastical agency also forecasted 0.7% economic growth in each of the first three quarters. LVMH, the largest luxury goods maker, reported 22% jump in profit in the second half of 2005. Markets in Japan lost 1.55% at close on Friday.
123jump.com Staff
03 Mar, 2006
New York City
Tokyo index closed lower on inflation concerns dragging major Asian markets with it. Market in India closed lower for the first time this week after rising more than 3% on the release of financial budget from the governement. Tata Motors rose 4.5% but banking stocks closed lower.
123jump.com Staff
02 Mar, 2006
New York City
Market tone in the early morning was set by rising interest rates in Europe and fear that Japan may soon follow the global trend of rising interest rates. The February retail sales did not impress the market. Chico, Abercrombie & Fitch CitiTrend lost 10% or more. Yield on 10-year note rose to 4.638%. Auto makers GM and Ford continued their stock-slide for the second day. Crude oil rose to $63.39 per barrel.
123jump.com Staff
02 Mar, 2006
New York City
Market tone in the early morning was set by rising interest rates in Europe and fear that Japan may soon follow the global trend of rising interest rates. The February retail sales did not impress the market. Chico, Abercrombie & Fitch CitiTrend lost 10% or more. Yield on 10-year note rose to 4.638%. Auto makers GM and Ford continued their stock-slide for the second day. Crude oil rose to $63 per barrel.
Elena
02 Mar, 2006
New York City
Disappointing February sales and rising oil prices put stocks under pressure. Among retailers posting strong results, Costco reported 7% same-store sales growth, Nordstrom comparable store sales rose 4.9%, and Wal-Mart sales increased 3.2%. Gap announced same-store sales decline of 11%. Talbot posted 6% sales drop. Bebe had a 1.6% gain in same-store sales, below the 4.6% estimate. Dana Corp. dropped 31% on news that it missed a bond interest payment.
Elena
02 Mar, 2006
New York City
Stocks opened lower Thursday as retailers reported mixed February sales and energy supply threats sent oil prices higher. Among retailers posting strong results, Costco reported 7% same-store sales growth, Nordstrom comparable store sales rose 4.9%, and Wal-Mart sales increased 3.2%. Gap announced same-store sales decline of 11%. Talbot posted 6% sales drop. Bebe had a 1.6% gain in same-store sales, below the 4.6% estimate.
Elena
02 Mar, 2006
New York City
Asian-Pacific benchmarks finished mixed ahead of Japan CPI data. The Nikkei slipped 0.3%, Shanghai Composite tumbled 1.6%, while Australia All Ordinaries rose 1.1%. European averages recovered from earlier weakness as the European Central Bank raised its main refinancing rate to 2.5%. London FTSE 100 rose 0.4%. In earnings news, Costco posted Q4 earnings rose 15% excluding items and topped analyst estimates. The retailer also reported 11% net sales growth.
123jump.com Staff
01 Mar, 2006
New York City
Mild rise in inflation indicator, healthy consumer spending and stable construction spending in January all supported the rise in broader averages. Semiconductor stocks rose as several brokers indicated positive comments. Altera, National Semi and Texas Instruments gained. AutoDesk and American Eagle rose more than 10% on earnings. India based ADRs including Infosys, Satyam, Tata Motors and ICICI gained. Closed-end funds India Funds jumped more than 3%. GM and F January auto sales declined.
Elena
01 Mar, 2006
New York City
Stocks advanced Wednesday on upbeat economic data and gains in big-cap tech stocks like Cisco Systems which drove the Nasdaq up 1%. Autodesk posted Q4 profit rise, beating estimates and raised its financial forecast for 2007. Personal income rose 0.7% in January, higher than the expected 0.6% rise, while personal spending grew 0.9%, slightly below forecasts of 1% growth.
Elena
01 Mar, 2006
New York City
Stocks advanced Wednesday morning on speculations that consumer income and spending data would give the Fed Reserve reason to end its interest-rate hikes. Design software maker Autodesk posted Q4 profit rise of 33 cents a share, beating estimates and raised its financial forecast for 2007. Luxury retailer Saks posted Q4 profit loss of 2 cents a share vs. profit of 68 cents a year ago, blaming charges. Saks plans to pay a special $4 cash dividend.
Elena
01 Mar, 2006
New York City
Asian markets closed mixed. The Nikkei tumbled 1.5% hurt by auto and tech stocks, while Indian Stock Exchange index hit a fresh all-time high of 1.9% at 10,565.47. European averages recovered from recent losses on gains in Vivendi Universal and Xstrata. Pilgrim''s Pride said it was withdrawing its previously-issued outlook for Q2 and the full fiscal year. Personal income rose 0.7% in January, while personal spending grew by 0.9%.
123jump.com Staff
28 Feb, 2006
New York City
It was a day of sentiments reversal. Weakening home sales, weak revision of Q4 GDP to 1.6% and decline in consumer confidence dragged market averages. For the moth Dow is up 1.2%, S&P up 0.04% and Nasdaq lost 1.1%. Google stock came under heavy selling as investors read latest comments from its CFO. The stock declined 13% before recovering to a loss of 7.1%. Staples closed at one year high on earnings. Markets in UK and Germany were down 1.4% and 2.1%.
Elena
28 Feb, 2006
New York City
Stocks moved further lower after CFO of Google reported that growth at the Internet search giant is slowing down. Concerns over inflation and further interest-rate hikes also weighed on sentiment. The second reading of Q4 GDP showing faster economic growth, renewed concerns over inflation and further interest-rate hikes. Consumer confidence index fell to 101.7 in February. Existing home sales in January fell 2.8% to a seasonally adjusted annual rate of 6.56 million units.
