Elena
27 Feb, 2006
New York City
Stock averages opened higher as falling oil prices and better-than expected earnings from Lowe''s Cos eased concerns about corporate ptofits. The retailer posted Q4 profit rise of 87 cents a share on 7.8% same-store sales rise, beating estimates. A report saying that Apple Computers may acquire Walt Disney also provided support. SanDisk and M-Systems Flash Disk Pioneers were upgraded by Citigroup to buy from hold.
Elena
27 Feb, 2006
New York City
Asian markets broadly rallied on continuing strong fund flows. The Nikkei rose 0.5%, South Korean Kospi climbed 0.6%, and India stock Exchange sensitive index gained 0.7%. European stocks traded positive at mid-day, supported by overtake news in the utility sector. In deal news, National Grid announced it agreed to acquire KeySpan for $7.3 billion, or $42 per share to create the third-largest energy delivery utility in the U.S. Lowe''''s Cos posted Q4 profit rise above estimates.
123jump.com Staff
24 Feb, 2006
New York City
Market for the most part paid attention to the rising oil price. Foiled attack at an oil refining facility in Saudi Arabia. Fall in January durale goods orders had little impact on trading. Gold rose in sympathy with rise in oil price. Casino stocks rose on the back of recent earnings from MGM, Las Vegas Sands and Wynn Reosrts. Markets in Brazil, U.K., Norway and Canada rose as in Mexico, South Africa and India fell.
Elena
24 Feb, 2006
New York City
U.S. blue chips fell after a report of an explosion and shooting at a Saudi Arabian oil facility sent oil back to over $62, raising concerns about high energy costs and inflation. A disappointing report on factory orders further weighed. Patent-holding NTP asked a judge to award it $126 million in damages and issue an injunction against RIM, the maker of BlackBerry, for violating its patents, but all of the 3 patents remaining in dispute were rejected by the U.S. Patent and Trademark Office.
Elena
24 Feb, 2006
New York City
U.S. stocks opened lower on a report of an explosion and shooting at a Saudi Arabian oil facility which sent oil up $1.22 to $61.76 a barrel. A disappointing report on durable goods orders further weighed on sentiment. Wynn Resorts posted a narrower Q4 net income loss of $11.4 million. Gap reported Q4 profit drop of 11% on lower sales. Nordstrom posted 36% profit jump in Q4, or 69 cents a share, beating estimates but the full-year outlook was below forecasts.
Elena
24 Feb, 2006
New York City
Asian markets closed mixed. The Nikkei edged down 0.04% on weaker dollar, while Taiwan Weighted index rose 1%. European averages traded in the positive at mid-day, supported by WPP, Lloyds TSB, and Sanofi-Aventis. In earnings news, Wynn Resorts posted a narrower Q4 net income loss of $11.4 million. Gap reported Q4 profit drop of 11% on lower sales. New orders for durable goods fell 10.2% in Jan, from a revised 2.5% gain in Dec, vs. expectations of a 1% decline.
123jump.com Staff
23 Feb, 2006
New York City
It was a day when broader averages sank but select tech and financial stocks closed higher. discount brokers, asset managers and select financial services stocks ralled with Internet stocks of the U.S., China and India based companies. Google jumped $12, Ctrip from China and Rediff from India gained during the day. Unemployment claims and oil report failed to sway the market direction. Reuters stock lost 12%. Gap reported earnings of 39 cents and 13% lower store traffic.
Elena
23 Feb, 2006
New York City
Stocks traded mixed to lower as investors failed to find further upside to extend gains and turned to profit-taking. Oil prices dropped below $60 on increased inventories. Toll Bros beat estimates, posting Q1 net income rise of 49%, with revenue up 35% to $1.34 billion. CBS posted a narrower Q4 net loss of $6 a share vs. a loss of $10.99 a share a year ago. Reuters Group PLC dropped after the company posted 25% profit rise in 2005 but a disappointing 2006 outlook.
Elena
23 Feb, 2006
New York City
Stocks opened lower as investors turned to profit-taking on inflation concerns and disappointing earnings from Viacom. Toll Bros beat estimates, posting Q1 net income rise of 49%, with revenue up 35% to $1.34 billion and its backlog up 22% to $5.95 billion. CBS posted a narrower Q4 net loss of $6 a share vs. a loss of $10.99 a share a year ago. Shares of Reuters Group PLC dropped after the company posted 25% profit rise in 2005 but a disappointing 2006 outlook.
Elena
23 Feb, 2006
New York City
Asian markets sharply rose. The Nikkei led the gainers, surging 2%, closely followed by South Korean Kospi, up 1.5%. European markets hit new multi-year highs at mid-day with the German DAX 30 rising 0.2%. Toll Bros beat estimates, posting Q1 net income rise of 49% to 98 cents a share, with revenue up 35% to $1.34 billion and its backlog up 22% to $5.95 billion. CBS posted a Q4 net loss of $6 a share, narrower than a loss of $10.99 a share a year ago.
123jump.com Staff
22 Feb, 2006
New York City
Core rate of Consumer Price Index was reported at 0.2% for January 2005. Head-line rise in CPI was 0.7%, higher than expected. Oil declined by 3%. Martha Stewart rose 15% on earnings news. Jack In The Box closed up 10% on strong rise in sales. Landry''''s Seafood closed up 3% on earnings rise.
Markets in Brazil, India and Mexico closed higher. European shares gained on the back of rise in the U.S. stocks.
Elena
22 Feb, 2006
Frankfurt
U.S. stocks advanced, reflecting eased concerns about higher interest rates and inflation on upbeat economic data and oil prices drop. Shares of Intel were under pressure after it was downgraded on inventory concerns. In earnings news, Sprint Nextel, Harrah''s Entertainment and Big Lots reported Q4 profit drop below estimates. Taser profit dropped 98% in Q4 on lower sales and higher expenses. The Chinese Internet search system Baidu com.Inc. reported quadrupled profit that beat expectations.
Elena
22 Feb, 2006
New York City
U.S. stocks advanced at opening after a report on consumer prices brought relief to the market, easing concerns about higher interest rates. In earnings news, Sprint Nextel, Harrah''s Entertainment and Big Lots reported Q4 profit drop below estimates. Taser profit dropped 98% in Q4 on lower sales and higher expenses. The Chinese Internet search system Baidu com.Inc. reported quadrupled profit that beat expectations.
Elena
22 Feb, 2006
New York City
Asian markets closed broadly down, hurt by weakness on Wall Street. The biggest loser was Taiwan Weighted index, down 1.5%, followed by the Nikkei with a drop of 0.7%. European averages were also weak, despite gains from miners and brewers. The Chinese Internet search system Baidu com.Inc. reported quadrupled profit that beat expectations. Sprint Nextel, Harrah''s Entertainment and Big Lots reported Q4 profit drop below estimates. Taser profit dropped 98% on lower sales and higher expenses.
123jump.com Staff
21 Feb, 2006
New York City
Morning mild optimism was quickly lost as oil and natural gas rose steadily throughout the day. Wal-Mart and Federated earnings disappointed the market. Home Depot delivered better than expected earnings of 60 cents. Fed minute of meeting and rise in oil and natural gas price set the tone for the trading for the most of the afternoon. General Motors unsecured debt was lowered by Moody. Only eleven of thirty Dow components rose during the session.
