123jump.com Staff
30 Nov, -0001
New York City
Traders have decided to focus on the positive news in the Fed
123jump.com Staff
30 Nov, -0001
New York City
Traders have decided to focus on the positive news in the Fed
123jump.com Staff
30 Nov, -0001
New York City
Traders have decided to focus on the positive news in the Fed
albena
30 Nov, -0001
New York City
Futures are higher Wednesday morning and stocks seem poised to continue the Fed rally from Tuesday, shrugging off weaker-than-expected outlook from tech bellwether Cisco and rising oil. In mid-morning, the government is due to release its weekly petroleum inventory statistics, which is likely to affect the oil market.
123jump.com Staff
30 Nov, -0001
New York City
The Fed
123jump.com Staff
30 Nov, -0001
New York City
The Fed
123jump.com Staff
30 Nov, -0001
New York City
Fed raised for the tenth time since June 2004 short-term interest rates by 25 basis points to 3.5%. Fed appears to raise rates again in the near future. Wholesale inventories in June were $353.1 billion, up 0.7% from May and up 10.2% from one year ago. Sales were $297.3 billion, up 0.6% from last month and up 7.8% from June 2004.
123jump.com Staff
30 Nov, -0001
New York City
Productivity rose 2.2% in the second quarter, down from 3.2% in the first quarter, and rose at an annual rate of 1.3%. Investors are expecting Fed to raise interest rate this afternoon. Wholesale inventories rose 0.7% more than expected.
albena
30 Nov, -0001
New York City
After 3 days of declines in a row, on Tuesday the futures point to a slightly higher open ahead of the word from the Federal Reserve on future interest rate hikes. Corporate news is likely to give direction to individual stocks and sectors. Oil eased back from the $64-per-barrel level it hit overnight. Second-quarter non-farm productivity and June wholesale-inventories data are also expected today.
123jump.com Staff
30 Nov, -0001
New York City
In a day of at least four merger deals, market
123jump.com Staff
30 Nov, -0001
New York City
In a day of at least four merger deals, market
123jump.com Staff
30 Nov, -0001
New York City
Market traded higher despite oil hitting a new record high Monday after the United States closed its embassy in Saudi Arabia on terrorism threat. Tech stocks offer some support on talk of Cisco considering a takeover of cellphone maker Nokia. Fed meeting is expected to lead interest rate hike by 25 basis points. This week's treasury auction will be closely watched to monitor the level of foreign Central Bank's participation.
albena
30 Nov, -0001
New York City
Futures were higher despite oil hitting a new record high Monday after the United States closed its embassy in Saudi Arabia on terrorism threat. Tech stocks offer some support on talk of Cisco considering a takeover of cellphone maker Nokia. Fed meeting is expected to lead interest rate hike by 25 basis points. This week's treasury auction will be closely watched to monitor the level of foreign Central Bank's participation.
123jump.com Staff
30 Nov, -0001
New York City
Earnigs season as it eneters in the final week of peak period, market is likely to focus on earnings from Cisco, Dell, Nortel, Federated Department, and Target. Fed meeting is expected to lead interest rate hike by 25 basis points. This week's treasury auction will be closely wwatched to monitor the level of foreign Central Bank's participation.
123jump.com Staff
30 Nov, -0001
New York City
Market is in the last week of heavey earnings season with 800 companies to release earnings. Dell, Cisco, Target, Federated Stores, Disney, Kohl's, Nortel, Mittal Steel, Four Seasons Hotels, Deutsche Telekom and others. The treasury auction this week will be closely watched for the level of participation from Central Bankers around the world.
