Elena
13 Dec, 2005
New York City
Asian-Pacific benchmarks closed mixed ahead of a key Bank of Japan survey. The Nikkei hit an intraday high of 15,782.30 to close up 0.3% on steel and metals stocks. European averages traded in a narrow range at mid-day, awaiting the U.S. Fed Reserve meeting today. Procter & Gamble lifted its Q2 earnings and sales outlook to 68-69 cents a shaare and 25% to 28% growth respectively.
123jump.com Staff
12 Dec, 2005
New York City
Market awaits the final rate hike at Fed meeting scheduled for Tuesday. Market rally lost its early steam in the late afternoon as traders turned cautious. Chinese Internet stocks and Indian banking stocks rose in the session. Energy, tech, and big retailers led a modest rally. Home builders, defense and casino stocks ralliled. Specialty retailers were under pressure.
Elena
12 Dec, 2005
New York City
Merger-and-acquisiotion news predominate in Monday trading session. ConocoPhillips is in talks to acquire oil and gas producer Burlington Resources for more than $30 billion. Paramount Pictures, a unit of media conglomerate Viacom Inc., agreed to buy DreamWorks SKG Inc. in a $1.6 billion deal involving $775 million in cash and $825 million of assumed debt.
Elena
12 Dec, 2005
New York City
With no major earnings or economic news, merger-and-acquisition deals predominated in Monday trading session. ConocoPhillips is in talks to acquire oil and gas producer Burlington Resources for more than $30 billion. Paramount Pictures, a unit of media conglomerate Viacom Inc., agreed to buy DreamWorks SKG Inc. in a $1.6 billion deal involving $775 million in cash and $825 million of assumed debt. Google was upgraded by Credit Suisse First Boston on forecasts of rising revenue.
Elena
12 Dec, 2005
New York City
Asian-Pacific benchmarks advanced, led by the Nikkei hitting a new five-year high of 15,738.70, followed by South Korean Kospi, up 1.2%. European averages traded higher at mid-day, boosted by media companies with the German DAX 30 in the lead, up 0.7%. Shares of Burlington Resources climbed on news that ConocoPhillips is in talks to buy the oil and gas producer for more than $30 billion.
123jump.com Staff
09 Dec, 2005
New York City
Market clsoed higher at close after trading sideways in the morning session on the back of rising consumer confidence. Gold stocks rose and then fell at close even though gold rose 1.5% at close. Gold is trading at near 25-year high. Silver closed above $9. Semiconductor stocks rose. Intel, Advanced Micro, Texas Instruments, Marvel Tech and SanDisk rose during the day. Dollar lost against euro and pound but gained against yen.
Elena
09 Dec, 2005
New York City
U.S. stocks were flat on Friday on a disappointing sales outlook by Intel Corp, rating downgrade on International Business Machines Corp, and news that Merck withheld information about the cardiac side effects of its arthritis drug Vioxx. However, an upbeat profit forecast from Eli Lilly and Co, fueled by strong sales growth of newer drugs and a lower- than-expected tax rate, provided support.
Elena
09 Dec, 2005
New York City
U.S. averages opened flat, pressured by Intel which released mid-quarter lower-than-expected sales outlook and drug maker Merck which dropped on news that it withheld information about the cardiac side effects of its arthritis drug Vioxx. Eli Lilly lifted sentiment, projecting fourth-quarter and full-year earnings at the top of its guidance and forecasting 2006 earnings to be from 8% to 12% higher.
Elena
09 Dec, 2005
New York City
Asian-Pacific markets closed higher, led by the Nikkei, up 1.5%, despite disappointing GDP revised report. European stocks traded lower at mid-day on lower sales forecast from Intel. Intel''s shares dropped nearly 3% in extended-hours trading after the company released mid-quarter lower-than-expected sales outlook. Merck dropped 3% on news that Merck withheld information about the cardiac side effects of its arthritis drug Vioxx.
123jump.com Staff
08 Dec, 2005
New York City
Market after tradig sideways for the most of the day settled lower at clsoe. Natural gas rose on decline in inventory. Gold rose in demand rise and inflation concern. Silver touched $9 for the first time two decades. McDonald''''s stock fell on less-than-expected rise in same-store sales. Chip stocks fell despite the positive news from TI, Xilinx and Taiwan Semi.Toll Bros. and Hovnanian report better than expected earnings.
Elena
08 Dec, 2005
New York City
U.S. stock markets opened weak Thursday, with homebuilder Toll Brothers issuing a cautious outlook and with the semiconductor sector in focus after Texas Instruments sharpened its quarterly outlook and before Intel Corp. issues its mid-quarter update. Later stocks rebounded as crude oil prices boosted shares of energy companies and tech company Qualcomm Inc released improved revenue forecast.
Elena
08 Dec, 2005
New York City
Stocks extended their losses Thursday after a cautious outlook from homebuilder Toll Brothers which posted Q4 70% profit jump on 40% revenue growth, but cut 2006 outlook. Costco Wholesale Corp. announced Q1 12% earnings rise to 45 cents a share, from 40 cents a year ago, in line with analyst expectations. Intel is expected to raise the low end of its Q4 sales range when it updates investors after market close.
Elena
08 Dec, 2005
New York City
Asian-Pacific benchmarks closed in the red, led by the Nikkei, down nearly 2% on profit taking, mangled IPO and cautiousness ahead of economic data. European averages were also weak at mid-day on insurance stocks with the German DAX 30 falling 0.6%. In earnings news, Costco Wholesale Corp. announced Q1 12% earnings rise to 45 cents a share, from 40 cents a year ago, in line with analyst expectations. Toll Brothers posted Q4 70% profit jump, but cut 2006 outlook.
123jump.com Staff
07 Dec, 2005
New York City
Fourth quarter stock market rally looked tired today. As the market entered into the final three weeks of the months, averages traded sideways for the most of the session. Semiconductor, energy, utilities and materials sectors fell during the day. Gold, silver and copper rose and traded near record highs. Texas instruments raised its low end of the earnings guidance from 36 cents to 38 cent and range to 38 cents to 40 cents. Microsoft to invest $1.7 B in India in the next four years.
Elena
07 Dec, 2005
New York City
U.S. market averages declined on lackluster trading as investors found little reason to extend a year-end buying spree. Surprisingly strong weekly inventory numbers from the Department of Energy sent crude oil futures lower at $59.60. Oil inventories rose by 2.7 million barrels for the week ended Dec 2, climbing to 320.3 million barrels vs.a decline of 4.2 million barrels last week.
