Elena
18 May, 2006
New York City
Stocks turned to lackluster trading in late morning as investors remained worried about inflation and interest-rate hikes. The negative sentiment was limited by gains for Hewlett-Packard and Shares Corp. Hewlett-Packard rose 2.3% after Morgan Stanley upgraded the stock. Shares of Sears rose 12.4% after the company reported a much bigger-than-expected quarterly profit. Among other gainers, Trend Micro rose 6.5%, while Ctrip climbed nearly 9% on strong full-year results.
Elena
18 May, 2006
Mumbai
Today
Elena
18 May, 2006
New York City
U.S. stocks advanced at opening, recuperating from steep losses the previous session, as investors turned to bargain hunting. Sears Holdings Corp. led gainers, rising 12% after reporting a much bigger-than-expected quarterly profit. The department store operator reported Q1 earnings of $1.14 a share, up from a loss of 7 cents a share a year-ago.
Elena
18 May, 2006
New York City
U.S. stock futures pointed to some recovery after the heavy losses in the previous session when strong consumer prices data raised worries that the Fed Reserve would continue raising interest rates. The market sentiment rose as investors adjusted expectations for the likelihood of more interest-rate hikes. Computer maker Dell Inc. and retailer Gap Inc. are expected to report quarterly results.
Elena
18 May, 2006
Frankfurt
European markets rebounded from earlier weakness to close largely in the positive, helped by auto stocks and bargain-hunting. The French Renault and the German BMW each rose 2% to lead market gainers. On Thursday, the German DAX 30 closed up 0.2%, the French CAC 40 declined 0.2%, while London
Elena
18 May, 2006
New York City
The offer, launched in Luxembourg, France and Belgium will be open until June 29. Merging the world''s top steelmakers would create a company with nearly a 10% share of global steel production and a market capitalization close to $40 billion. Arcelor has so far rejected the offer as hostile, maintaining the view that the present management and plans of the company serve best the company''s shareholders
Ivaylo
18 May, 2006
New York City
Japanese shares declined for the seventh consecutive trading session with blue-chip and automotive stocks leading the decliners. The Nikkei 225 shed 1.4%. South Korea
Ivaylo
18 May, 2001
New York City
Volatility has been the password to recent days of trading. Markets often find it difficult to find their feet right off the start, but Thursday morning the session got to an extreme trading. Indices were quick to give ground by more than 1%. Investors were wary, following the U.S. data, denting an already jittery sentiment. However, markets bounced back later in the morning session to erase the losses.
Ivaylo
18 May, 2006
Metals
Buyers were apprehensive of the April CPI data before the market opened. The performance of gold and silver fell short of expectations after beliefs that a hike in interest rates would put further pressure on economic activity as reflected by the stock market. The relationship between the dollar and gold has become closer on account of the geopolitical scene being relatively quiet.
123jump.com Staff
17 May, 2006
New York City
Popular averages lost ground as inflation worries gripped trading sentiment. Market is finally waking up to the prospect of higher inflation and impact of rising commodities prices. Stocks fell across the board led by industrials, financials and technology sectors. HP earnings gain of 51% failed to sway the market but the stock rose 3%. Carnival Cruise lost 3% and Brazilian airline GOL lost 8%. Applied Materials reported rising earnings but stock lost 5%.
123jump.com Staff
17 May, 2006
New York City
Brazil economic expansion has fueled rise of stock market in the last three years. The air transportation has been growing at one of the fastest pace in the world as commodity price driven economic expansion has supported a rise in air travel demand. Demise of former air travel leader Varig has given rise of TAM and GOL airlines. Both airlies has used stock market listings to fund expansion in the domestic and international markets.
123jump.com Staff
17 May, 2006
New York City
Market averages are now trading between 1.5% and 2%. Dow is down 2%, Nasdaq is down 1.5% and S&P down 2%. Apirl consumer price infation rose 0.6% and core infation rose 0.3%. March and April core inflation rose 0.3% each month. Financial services, technology and industrial stocks led decliners. Carnival Cruise sank 3% on lower earnings guidance. Gold, silver, copper and crude oil traded lower.
123jump.com Staff
17 May, 2001
New York City
Market averages lost between 1% and 3% as inflation fears roared back in the forefront. April CPI rose 0.6% and core CPI advanced 0.3% after rising similar amount in March. Dow in early afternoon traded as low as 220 points. Carnival Cruise declined 2.5% on earnings warning. Hewlett Packard added 3% on 51% rise in earnings. Abercrombie & Fitch gained 4% on earnings.
Elena
17 May, 2006
Frankfurt
European markets erased earlier gains to close deeply in the red after stronger-than-expected U.S. data on consumer prices raised concerns about inflation and further increases of interest rates. The German DAX 30 slipped 3.4%, the French CAC 40 tumbled 3.2%, and London FTSE 100 dropped 2.9%.
Elena
17 May, 2006
New York City
Stocks traded steeply lower as consumer prices report raised concerns about inflation and interest-rate increases. In earnings news, Zale Corp. reported Q3 net income advanced to 35 cents a share, up from 28 cents last year, beating analyst estimates. Talbots reported Q1 earnings of 51 cents a share, down from 63 cents a share year-ago. Circuit City rose 5.6% after the consumer electronics retailer reiterated its outlook for net sales growth of 7% to 11% in 2007.
