123jump.com Staff
19 Apr, 2005
New York City
March wholesale inflation of 0.7%, below expectations, sparked market rally in the morning supported by steady stream of earning in financial sector, home building and tech companies which led to averages close higher.
albena
19 Apr, 2005
New York City
Technology stocks got boosted by Texas Instruments Inc. solid earnings. Several Dow components including Pfizer Inc. and Coca-Cola Co. reported higher-than-expected earnings and sent U.S. stocks higher, lifting investors sentiment.
albena
19 Apr, 2005
New York City
The currency was sent down by the growing worries on dropping U.S. stock prices. Investors continue to be nervous about the possibility of inflation in the middle of an estimated slowdown in economic growth despite strong earnings and a pair of merger announcements.
albena
17 Apr, 2005
New York City
After the U.S. government's announcement Tuesday that trade deficit reached record values in February, March retail sales on Wednesday were soundly weaker than foreseen. The growing concerns over the health of the U.S. economy and higher prices resulted in the worst trading week since August and will move the focus onto the companies
123jump.com Staff
15 Apr, 2005
New York City
Markets in Europe, Asia and America decline on the slower ecnomic growth in the U.S. and weaker tech earnings from Samsung Electronics, IBM and other semiconductor companies. Investors are also concerned about the energy prices fueling the inflation forces.
123jump.com Staff
14 Apr, 2005
New York City
Stocks declined around the world beginning in Japan and Australia
dragging all the major Asian markets. Investors in Japan were
reluctant to buy stock due the economic slow down concerns and
earnings worries for the local companies. Recent tensions in some of
the Chinese cities did not help either. Australian stocks were sold
off on the mining and metal stock concerns. Decline in metal and iron
ore prices in began in Australia and continued in Europe, NY and in
South America.
savina
14 Apr, 2005
New York City
European and Asian benchmarks dropped after the International Monetary Fund said global economic growth will slow to 4.3% in 2005, down from 5.1% in 2004. Growth in Japan is seen at 0.8%, significantly lower than IMF previous estimate of 2.6%. The dollar rose against the yen and the euro in Asia.
13 Apr, 2005
New York City
The sell-off in equities started early on and continued through out the day. Weak retail sales data and market
13 Apr, 2005
New York City
This morning Commerce department reported that March retail sales increased 0.3 percent. This was followed by rise of 0.1% and 0.5% in January and February. The prospects of higher sales related to Easter holiday were washed by higher oil prices and bad weather in much of the nation. Economists were looking for 0.8% rise in sales.
12 Apr, 2005
New York City
European and Asian benchmarks were mostly lower Tuesday dragged by chip stocks and profit-taking in the retail sector.
12 Apr, 2005
New York City
U.S. averages opened lower as the February trade deficit widened to a record $61 billion, raising concerns of slow U.S. economic growth.
12 Apr, 2005
New York City
Stocks fell across the technology, drug and media sectors after the February trade deficit widened to a record $61 billion, raising concerns of slow U.S. economic growth.
Staff
13 Apr, 2005
New York City
This morning Commerce department reported that Feb goods and service trade deficit was $61.04 billion, 4.3% higher than January 2005 deficit. To put this in perspective, Feb 2004 and 2003 deficits were $45 and $40 billion. Surging oil prices and exports from all major trading countries played a role in driving the deficit higher.
11 Apr, 2005
New York City
Metals rise, oil falls, Apple and IBM fall on earnings concern
11 Apr, 2005
New York City
Microsoft shares gained 16 cents after the company agreed to pay Gateway $150 million to resolve antitrust claims.
