Elena
02 May, 2006
Frankfurt
European markets advanced at mid-day, boosted by strength in mining and oil stocks, including companies like BP and Xstrata. Some corporate news also generated positive sentiment with Suisse Credit Group up 2.2%, Lafarage, up 1.7%, Alcatel up 0.8%, and Heineken, up 2.4%. The German DAX 30 added 0.4%, the French CAC 40 rose 0.6%, and London FTSE 100 climbed 0.7%.
Ivaylo
02 May, 2006
New York City
Japan
123jump.com Staff
01 May, 2006
New York City
Market averages rose in the morning and fell in the afternoon on a newsreport that Fed Chairman thinks that market may have misinterpreted his comments. Oil rose in geopolitical tensions drove oil close $74 per barrel. Gold and silver rose on international tensions and weakness in dollar across all major currencies. Illegal immigrants gathered in various cities to press their cause. Meapacking, agricultural farms and restaurants reported fewer workers at jobs.
123jump.com Staff
01 May, 2006
New York City
Market averages declined in the afternoon trading led by a fall in tech stocks. Large companies sold-off as 19 of 11 stocks in Dow fell led by 3% decline in Intel. Wal-Mart rose 2% on same-store sales and Eastman Kodak rose 3%. Oil climbed back on the geopolitical worries in the Middle East. Aramark received a buyout offer taking the stock higher 20%. Kerzner International, casino operator to go private.
Elena
01 May, 2006
New York City
Going into afternoon trading, the Dow Jones index outperformed the Nasdaq and S&P 500 as most of the blue chip stocks moved to the upside. Discount retailer Wal-Mart turned in the best performer on strong same-store sales, followed by oil giant Exxon Mobil which gained on rising oil prices. However, Intel was a notable loser, falling 1.4%. Brokerage stocks also showed weakness with Legg Mason down 6%.
Elena
01 May, 2006
New York City
In late morning trading stocks gave back some ground with averages coming off intraday highs. Brokerage stocks posted losses, with shares of Legg Mason falling down 6%. Stocks of Lehman Brothers and Bear Stearns also moved lower. Commodity stocks moved notably higher helping the indexes remain in the positive. Wal-Mart rose 2.7% after reporting April same-store sales growth of 6.8%, beating forecasts.
Elena
01 May, 2006
New York City
Stock markets traded higher, reflecting upbeat economic data, strong sales report from Wal-Mart Stores as well as merger-and-acqusition news. The discount retailer rose 2.3% after reporting April same-store sales growth of 6.8%, beating forecasts. Boeing agreed to buy aircraft parts supplier Aviall Inc. for $1.7 billion in cash, while Internet service provider Level 3 agreed to buy telecommunications company TelCove Inc. for about $1.08 billion.
Elena
01 May, 2006
New York City
Strong consumer spending data sent U.S. stocks higher at market opening. Market sentiment was also helped by strong sales report from Wal-Mart Stores as well as merger-and-acqusition news. The discount retailer reported April same-store sales grew 6.8%, beating forecasts. Boeing agreed to buy aircraft parts supplier Aviall Inc. for $1.7 billion in cash, while Internet service provider Level 3 agreed to buy telecommunications company TelCove Inc. for about $1.08 billion.
Elena
01 May, 2006
New York City
U.S. stock futures predicted a positive market opening on personal spending and income data. In earnings news, food distributor Sysco Corp. announced Q3 net income drop of 30 cents a share from 34 cents a year ago, missing analyst estimates. Par Pharmaceutical reported Q1 earnings rise of 24 cents per share on revenue growth, meeting expectations. Humana reported net income for Q3 of 40 cents per share, down from 65 cents per share last year, despite 39% revenue growth.
Ivaylo
01 May, 2006
New York City
Tokyo
123jump.com Staff
28 Apr, 2006
New York City
Microsoft stock dropped 11.4% as the company missed earnings forecast and guided lower earnings for the fiscal year. The company plans to spend close to $2 billion in chasing Yahoo and Google to energize its search and AdCenter business and gaming console business. The company has bought back $5 billion of its own shares in the reported quarter and plans to spend another $6.5 billion in the current quarter to purchase its own stock.
123jump.com Staff
28 Apr, 2006
Metals
Market averages closed lower led by a sharp decline in tech stocks. Microsoft closed 11.4% lower on an earnings miss and lower guidance for the current fiscal year. Citigroup led the financial sector higher. Gold and silver closed up to a record high. Gold rose 12% for the month and silver closed up 7% on the launch of ETF named SLV. Preliminary read on the first quarter GDP growth rate came in at 4.8% lower than 5% estimated. The U.S. dollar fell to eleven month low against euro.
123jump.com Staff
28 Apr, 2006
Metals
Gold staged $18 rally and closed at a record price of $654 after climbing as high as $658. Gold continues to attract attention with international tension driven by Iran affair. Gold is up 12% for the month. U.S. dollar fell and oil climbed reflating tensions in the international markets.
Elena
28 Apr, 2006
Frankfurt
European markets closed in the negative, extending earlier losses on weakness in the auto sector, dragged by Volkswagen which fell 5.4% on earnings rise that came far below expectations.The German DAX 30 tumbled 1%, the French CAC 40 lost 0.5% and London FTSE 100 fell 0.6%.
Elena
28 Apr, 2006
New York City
Stocks traded mixed Friday morning, reflecting upbeat data on GDP for the first quarter and disappointing earnings and guidance released by Microsoft. The Commerce Department said the nation''''s GDP bounced back to grow 4.8% compared with estimates of 4.9% increase. Wall Street also weighed a decline in consumer confidence as soaring gasoline prices threatened discretionary spending.
