ticker

Week Ahead: Retailers and Tech Earnings

123jump.com Staff
13 Aug, 2005
New York City

Home Depot, Nordstrom, Abercrombie & Fitch, TJX, Foot Locker are few of the large retailers to report earnings this week. Gateway, Brocade, Sonic Solutions are few of the tech companies on the list.

Oil, Trade Deficit and Lower Averages

123jump.com Staff
12 Aug, 2005
New York City

Trade surplus looks like a distant dream. The month of June saw another record deficit of $58.8 billion largely driven by imports of oil and from China. Japan, Canada, Mexico and EU were other contributors to the deficit.1/3rd of the deficit is driven by oil imports during the month at $44.40 per barrel. On other news oil touched a new intra-day high and at close reached near $67.

Record Oil and Trade Deficit

123jump.com Staff
12 Aug, 2005
New York City

Oil, China, Japan and NAFTA form the bulk of trade deficit in June. The 11% jump in deficit is likely to be higher in the coming months as oil prices keep rising from the average price of $44 per barrel in June. Last trade surplus was recorded in the year 1976.

Averages at Intra-day Low

123jump.com Staff
12 Aug, 2005
New York City

Oil, China, Japan and NAFTA form the bulk of trade deficit in June. The 11% jump in deficit is likely to be higher in the coming months as oil prices keep rising from the average price of $44 per barrel in June. Last trade surplus was recorded in the year 1976.

A New Day, A New Oil High

albena
12 Aug, 2005
New York City

Futures pointed to a lower opening for stocks due to record high oil prices and lower earnings guidance from Dell. Expectations of a widening trade gap also helped drag futures lower on Friday. Information on the trade deficit and data on import and export prices are expected before the start of trading Friday. Shortly after the opening bell, the University of Michigan is due to announce its preliminary index of August consumer sentiment.