Elena
07 Dec, 2005
New York City
Asian-Pacific benchmarks finished higher with the Nikkei rebounding from Tuesday''s losses and closing up 0.4%. South Korean Kospi climbed 0.3%, reaching a record high on tech stocks. European markets slightly advanced at mid-day, lifted by metals stocks. In economic news, U.S. weekly inventory report is expected to show a 900,000-barrel crude stock draw for the week ended on Friday.
123jump.com Staff
06 Dec, 2005
New York City
October new factory orders showed a jump of 2.2% after declining by 1.4% in Septemeber. Third quarter labor productivity was revised upwards 4.3% from 4.1% as labor cost declined 1% revised from previous estimate of 0.5% fall. Kroger, grocery chain, delivered earning in-line with the estimates of 25 cents for the Q3. Apple stock rose 3% on a recommendation from a broker.
Elena
06 Dec, 2005
New York City
Time Warner Inc. slid on news that the company''s America Online division is close to a deal with Microsoft Corp. to create an online advertising service in competition with Google Inc. Sears Holdings Corp. posted sharp quarterly profit drop from the prior year, but beat estimates. UBS analyst raised estimates for both Apple''''s stock price and Q1 earnings because of the great popularity of iPods with consumers.
Elena
06 Dec, 2005
New York City
Time Warner Inc. slid on news that the company''s America Online division is close to a deal with Microsoft Corp. to create an online advertising service in competition with Google Inc. Sears Holdings Corp. posted sharp quarterly profit drop from the prior year, but beat estimates. UBS analyst raised estimates for both Apple''s stock price and Q1 earnings because of the great popularity of iPods with consumers.
Elena
06 Dec, 2005
New York City
Asian-Pacific benchmarks finished in the red on profit-taking and higher oil prices. Hong Kong was the biggest decliner, down 1.1%, followed by the Nikkei, down 0.8%. European stocks advanced at mid-day, boosted by telecoms and financials with the German DAX 30 in the lead, rising 0.7%. In economic news, the Department of Labor released its revised reading for Q3 productivity with the measure now showing a 4.7% seasonally adjusted annual growth rate, above expectations of 4.5%.
123jump.com Staff
05 Dec, 2005
New York City
News of two large deals supported early rise in the averages, which faded quickly. The rise of oil and natural gas drove yields on ten-year bonds to 4.57% and averages lower at clsoe. Tech stocks and financials were weak during the session. Stocks in energy, brokerage, and housing sector were in favor during the session. Oil reached $60 for the first time in the month, and Dow has rebounded 7% from the lows of the year.Gold shines in the session.
Elena
05 Dec, 2005
New York City
Stocks have been weak in Monday morning session, pressured by profit-taking from November rally, oil prices over $60 a barrel and news on slowing growth in the service sector. The Institute for Supply Management said its non-manufacturing index slid to 58.5 in November from an October reading of 60, slightly below expectations of a reading of 59.
Elena
05 Dec, 2005
New York City
Stocks opened weak on one-month jump in oil prices over $60 a barrel, raising concerns about holiday spending. An increase in deal news cushioned the decline with Guidant being the centre of attention after Boston Scientific offered $25 billion in cash and stock to acquire the company. The stock rose 10%. In another deal, Liberty Media agreed to acquire Provide Commerce for $477 million in cash, or $33.75 a share.
Elena
05 Dec, 2005
New York City
Asian-Pacific benchmarks closed mixed with the Nikkei up 0.8% at 15,551,31, boosted by domestic capital-spending data. European stocks declined at mid-day, dragged by mining and health care shares with the German DAX 30 leading decliners, down 0.2%. In corporate news, Boston Scientific bid $25 billion in cash and stock for Guidant. Liberty Media agreed to acquire Provide Commerce for $477 million in cash, or $33.75 a share.
123jump.com Staff
02 Dec, 2005
New York City
For the week broader averages closed unchanged, after five weeks of gains. Metal markets closed higher for the week, led by copper, silver, platinum and gold. crude oil closed at three-week high. Semiconductor stocks index closed at 40-month high. General Electric sold $1.3 billion of Genworth in secondary offering.
123jump.com Staff
02 Dec, 2005
New York City
After five straight weeks of gains in averages, market seems to have plenty of vigor. Even though broader market averages are declining, stocks in semiconductors, techs, financial brokers, and home builders are on the rise. Philadelphia index on semiconductor stocks reached a 40-month high.
Elena
02 Dec, 2005
New York City
The Department of Labor released its report on the employment in November which showed that non-farm payroll employment rose by 215,000, following a downwardly revised increase of 44,000 in October. Economists had expected payrolls to increase by 225,000 compared to the increase of 56,000 previously reported for October. Greenspan urges Congress to show unrgency on the budget deficit issue, before it is too late.
Elena
02 Dec, 2005
New York City
Asian-Pacific markets closed higher with the Nikkei up 1.9%, hitting a fresh five-year high of 15,421,60 on strong U.S. data. European shares advanced at mid-day on technology stocks with the CAC 40 rising 0.2% to 4,644 for the first time in three years. Key non-farm payrolls report is due out today, expected to show strong job growth in November and steady unemployment rate.
123jump.com Staff
01 Dec, 2005
New York City
It was a day of rally in stock, metals and crude oil markets. Stocks rallied on the back of report suggesting inflation pressures may be weakening. Copper reached a new high on supply concerns and gold closed above $500 for the first time since 1983. Domestic automakers reported decline in November sales despite falling gasoline prices and generous incentives. Apparel retailers delivered weak same-store sales in October.
Elena
01 Dec, 2005
New York City
Initial jobless claims declined by 17,000 to 320,000 in the week ended Nov 26, vs expectations of a decline of around 323,000. Personal income rose 0.4% in October after surging up 1.7% in September. Personal spending increased by 0.2% in line with economist estimates. Auto sales in November increased compared with October sales, but were still disappointing.
