Reuters – 7 mins ago
Honda recalls 167,255 Acura TSX cars in the U.S.DETROIT (Reuters) - Honda Motor Co Ltd (7267.T) said it would recall 167,255 Acura TSX sedans sold in the U.S. market to address the risk that power steering fluid could leak and cause an under-the-hood fire.Stock futures inch higher after GDP rises 3.2 pct
AP – 10 mins agoNEW YORK - Stock futures inched higher Friday after the government said the economy grew at a slightly slower pace in the first quarter than was expected.- NEW YORK (Reuters) - S&P 500 stock index futures pared gains on Friday after the government said the U.S. economy grew at a slightly slower-than-expected pace in the first quarter.
- AP – 2 hrs 18 mins agoLONDON - European stocks traded in a narrow range Friday as investors warily awaited the completion of a Greek support package and looked ahead of U.S. economic figures set to show the world's largest economy continuing to grow solidly.
London stocks subdued at open
AFP – Fri Apr 30, 3:54 am ETLONDON (AFP) - Shares in London started in the red on Friday as crisis-hit Greece appeared to edge closer to a bailout deal.- NEW YORK - Thousands of workers and union leaders marched on Wall Street on Thursday to express their anger over lost jobs, the taxpayer-funded bailout of financial institutions and questionable lending practices by big banks.
Palm shares soar on HP acquisition
AFP – Thu Apr 29, 5:47 pm ETNEW YORK (AFP) - Palm shares soared on Thursday after US computer giant Hewlett-Packard announced it had reached agreement to buy the troubled US mobile phone maker.- Stocks surged higher Thursday after another series of upbeat earnings reports and a reading on unemployment provided more evidence of an improving economy.
Dow climbs 122 on good unemployment, earnings news
AP – Thu Apr 29, 5:05 pm ETTHE DOW'S BIG DAY: The Dow Jones industrials rose 122 points. That brought their two-day advance to 175 as they made back most of the 213 they lost Tuesday amid concerns about European debt problems.Goldman set to settle SEC fraud case soon: report
Reuters – Thu Apr 29, 12:53 pm ETLONDON (Reuters) - Goldman Sachs may soon settle its fraud case with the U.S. regulator, the New York Post reported on Thursday, opting to end a legal fight rather than endure a repeat of the public flogging it received this week.FTSE bounces back as Greek deal nears
AFP – Thu Apr 29, 12:14 pm ETLONDON (AFP) - London's leading stock exchange bounced back on Thursday after a top European Union official said talks on a debt bailout deal for Greece were nearly complete.- WASHINGTON - The head of the Securities and Exchange Commission said Wednesday there was no connection between the timing of the agency's fraud charges against Goldman Sachs and efforts in the Senate to speed passage of sweeping legislation overhauling financial regulation.
A look at global economic developments
AP – Wed Apr 28, 2:40 pm ETA look at economic developments and activity in major stock markets around the world Wednesday:Greek financial crisis sends markets plunging
AFP – Wed Apr 28, 6:06 am ETLONDON (AFP) - Greece's deepening financial crisis sent stock markets and the euro reeling again on Wednesday after its debt was slashed to junk status, fanning fears of a default.- LONDON (AFP) - The leading stock exchange fell at opening on Wednesday, after sharp losses the previous day, as traders were gripped by Greece's financial crisis and the EU called a crunch summit.
SEC probes hedge funds' use of side pockets: report
Reuters – Wed Apr 28, 5:03 am ETNEW YORK (Reuters) - The U.S. Securities and Exchange Commission is taking a closer look at whether hedge fund managers abused a practice known as "side pockets" to prevent clients from withdrawing billions of dollars during the 2008 financial crisis, the Wall Street Journal reported on Tuesday.
Showing posts with label SandP 500. Show all posts
Showing posts with label SandP 500. Show all posts
Friday, 30 April 2010
Stock Markets News
Tuesday, 13 April 2010
Stocks retreat in early trading
NEW YORK (CNNMoney.com) -- Stocks opened lower Tuesday as investors digested a mixed earnings report from Alcoa and took a step back after pushing the Dow industrials above the key 11,000 level.
The Dow Jones industrial average (INDU) was down 6 points, or less than 0.1%, shortly after the opening bell. The S&P 500 index (SPX) slid about one point and the Nasdaq composite (COMP) dipped 2 points.
Stocks managed gains Monday, with the Dow closing above 11,000 points for the first time in 18 months, as investors welcomed a plan to offer low-cost loans to Greece, tempering fears that the nation might have to default on its debt.
Quarterly reports: Aluminum producer Alcoa (AA, Fortune 500) reported first-quarter earnings late Monday that met expectations, but revenue fell short. Shares slipped nearly 3% in premarket trading.
Chip leader Intel (INTC, Fortune 500) reports results after the close. The Dow component is expected to have earned 38 cents per share after earning 11 cents per share a year ago.
First-quarter earnings for the S&P 500 are forecast to jump nearly 37%, when compared with last year's abysmal first quarter, according to Thomson Reuters. Revenue figures should also be up a rosy 10% from a year earlier.
Looking ahead, JPMorgan Chase (JPM, Fortune 500) reports quarterly results Wednesday, while Google (GOOG, Fortune 500) and Bank of America (BAC, Fortune 500) are due later in the week.
Economy: The government reported a larger-than-expected increase in the U.S. trade gap for February.
The nation's international trade deficit in goods and services increased to $39.7 billion in February from a revised $37 billion in January, the Commerce Department said. Economists surveyed by Briefing.com were expecting the gap to widen to $38.5 billion.
The deficit expanded as exports totaled $143.2 billion, while imports reached $182.9 billion.
World markets: Asian markets ended mostly lower. Hong Kong's Hang Seng slipped 0.1%, while the Nikkei in Japan slid 0.8%.
European markets turned mixed in active trading. Shares in London and Frankfurt were lower, while Paris was unchanged.
Currencies and commodities: The dollar was flat versus the euro, but rose against the pound. It fell versus the yen.
The price of oil slid 75 cents to $83.59 a barrel. Gold declined $5.70 to $1,155.90 an ounce.
Bonds: Prices for U.S. Treasurys fell, with the yield on the benchmark 10-year note at 3.81%. Bond prices and yields move in opposite directions.
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Tuesday, 30 March 2010
Stocks ready for more gains
NEW YORK (CNNMoney.com) -- U.S. stocks were expected to start Tuesday with gains, continuing the recent trek upward, with reports on real estate and consumer confidence on tap.
Dow Jones industrial average, S&P 500, and Nasdaq 100 futures were higher.
Futures measure current index values against perceived future performance and offer an indication of how markets may open when trading begins.
Stocks finished higher Monday, pushing the Dow to its highest level in 18 months, after a report from the Commerce Department showed that consumer spending rose 0.3% in February.
"The market has had a pretty good run," said Art Hogan, chief market strategist at Jefferies & Co., adding that stocks have closed lower in only two of the last 25 trading days. "It looks like that pattern will continue into the early trade today."
He said Tuesday's economic reports will probably not be "market-moving events." However, he added that stocks have benefited recently from strength in commodity prices, such as crude oil and gold, which have been boosted by the weaker U.S. dollar.
Economy: Before the market open, the S&P/Case-Shiller 20-city home price index will be released. It is expected to have fallen 0.6% in January versus a year earlier, according to a consensus of economists surveyed by Briefing.com. In December, the index plunged 3.1%.
The Consumer Confidence index from the Conference Board, due after the opening bell, is expected to have risen to 51 in March from 46 in February, according to the Briefing.com consensus.
Companies: Shares of Apple (AAPL, Fortune 500) surged to a fresh all-time high late Monday after The Wall Street Journal reported that the company is developing an iPhone for Verizon (VZ, Fortune 500). The iPhone is currently only available on the AT&T network.
The report, citing unnamed sources, said a new version of the iPhone should be ready for release this summer.
World markets: Asian stocks finished higher. In Japan, the Nikkei index gained 1%, and the Hang Seng in Hong Kong added 0.7%.
In Europe, Britain's FTSE 100, France's CAC 40 and Germany's DAX were little changed in active trading.
The dollar and commodities: The dollar eased against the euro and pound, and edged up against the yen.
U.S. light crude oil for May delivery gained 6 cents to $82.23 a barrel. The price of gold for April delivery slipped 20 cents an ounce to $1,110.10.
Bonds: Treasury prices rose, lowering the 10-year yield to 3.86% from 3.87% late Monday. Treasury prices and yields move in opposite directions.
http://www.stocksource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Dow Jones industrial average, S&P 500, and Nasdaq 100 futures were higher.
Futures measure current index values against perceived future performance and offer an indication of how markets may open when trading begins.
Stocks finished higher Monday, pushing the Dow to its highest level in 18 months, after a report from the Commerce Department showed that consumer spending rose 0.3% in February.
"The market has had a pretty good run," said Art Hogan, chief market strategist at Jefferies & Co., adding that stocks have closed lower in only two of the last 25 trading days. "It looks like that pattern will continue into the early trade today."
He said Tuesday's economic reports will probably not be "market-moving events." However, he added that stocks have benefited recently from strength in commodity prices, such as crude oil and gold, which have been boosted by the weaker U.S. dollar.
Economy: Before the market open, the S&P/Case-Shiller 20-city home price index will be released. It is expected to have fallen 0.6% in January versus a year earlier, according to a consensus of economists surveyed by Briefing.com. In December, the index plunged 3.1%.
The Consumer Confidence index from the Conference Board, due after the opening bell, is expected to have risen to 51 in March from 46 in February, according to the Briefing.com consensus.
Companies: Shares of Apple (AAPL, Fortune 500) surged to a fresh all-time high late Monday after The Wall Street Journal reported that the company is developing an iPhone for Verizon (VZ, Fortune 500). The iPhone is currently only available on the AT&T network.
The report, citing unnamed sources, said a new version of the iPhone should be ready for release this summer.
World markets: Asian stocks finished higher. In Japan, the Nikkei index gained 1%, and the Hang Seng in Hong Kong added 0.7%.
In Europe, Britain's FTSE 100, France's CAC 40 and Germany's DAX were little changed in active trading.
The dollar and commodities: The dollar eased against the euro and pound, and edged up against the yen.
U.S. light crude oil for May delivery gained 6 cents to $82.23 a barrel. The price of gold for April delivery slipped 20 cents an ounce to $1,110.10.
Bonds: Treasury prices rose, lowering the 10-year yield to 3.86% from 3.87% late Monday. Treasury prices and yields move in opposite directions.
http://www.stocksource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Monday, 29 March 2010
Stocks set to gain at open
NEW YORK (CNNMoney.com) -- U.S. stocks were poised for a higher open Monday as a report on personal income and spending was set to kick off a busy, and holiday-shortened, week.
Dow Jones industrial average, S&P 500, and Nasdaq 100 futures were up.
Futures measure current index values against perceived future performance and offer an indication of how markets may open when trading begins.
Despite a mixed finish Friday, the major stock indexes have risen six of the past seven weeks. But this week, which will include the end of 2010's first quarter, could test how strong the economy really is.
The week will be capped by the March employment report on Friday, although stock markets won't be able to react until next Monday because they'll be closed for Good Friday.
Economy: The February reading on personal income and spending is due before the start of trading.
The Commerce Department report is expected to show that income rose 0.1% in February, according to a consensus of economists surveyed by Briefing.com. Income rose 0.1% in January too. Spending is expected to have risen 0.3% in February following a rise of 0.5% in January.
The Core PCE deflator -- a key measure of inflation that is part of the spending report -- is expected to have risen 0.1% following a flat reading in January.
Companies: Chinese carmaker Zhejiang Geely Holding Group has purchased Volvo cars from U.S. automaker Ford, the Swedish carmaker announced Sunday.
The $1.8 billion deal represents the biggest ever purchase by a Chinese car manufacturer, but it is considerably less than the $6.4 billion Ford (F, Fortune 500) paid for Volvo in 1999.
World markets: Asian stocks ended higher. In Japan, Tokyo's Nikkei index gained 1.5%, while the Hang Seng in Hong Kong rallied more than 2%.
In Europe, stocks were mixed, with Britain's FTSE 100 lower, and France's CAC 40 and Germany's DAX higher in early trade.
The dollar and commodities: The dollar eased against the euro and pound, but was unchanged versus the yen.
Crude oil for May delivery added 66 cents to $80.66 a barrel.
The price of gold for April delivery was up $6.40 an ounce to $1,111.40.
Treasurys: The price of the benchmark 10-year note was higher, lowering the yield to 3.85%.
http://www.stocksource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Dow Jones industrial average, S&P 500, and Nasdaq 100 futures were up.
Futures measure current index values against perceived future performance and offer an indication of how markets may open when trading begins.
Despite a mixed finish Friday, the major stock indexes have risen six of the past seven weeks. But this week, which will include the end of 2010's first quarter, could test how strong the economy really is.
The week will be capped by the March employment report on Friday, although stock markets won't be able to react until next Monday because they'll be closed for Good Friday.
Economy: The February reading on personal income and spending is due before the start of trading.
The Commerce Department report is expected to show that income rose 0.1% in February, according to a consensus of economists surveyed by Briefing.com. Income rose 0.1% in January too. Spending is expected to have risen 0.3% in February following a rise of 0.5% in January.
The Core PCE deflator -- a key measure of inflation that is part of the spending report -- is expected to have risen 0.1% following a flat reading in January.
Companies: Chinese carmaker Zhejiang Geely Holding Group has purchased Volvo cars from U.S. automaker Ford, the Swedish carmaker announced Sunday.
The $1.8 billion deal represents the biggest ever purchase by a Chinese car manufacturer, but it is considerably less than the $6.4 billion Ford (F, Fortune 500) paid for Volvo in 1999.
World markets: Asian stocks ended higher. In Japan, Tokyo's Nikkei index gained 1.5%, while the Hang Seng in Hong Kong rallied more than 2%.
In Europe, stocks were mixed, with Britain's FTSE 100 lower, and France's CAC 40 and Germany's DAX higher in early trade.
The dollar and commodities: The dollar eased against the euro and pound, but was unchanged versus the yen.
Crude oil for May delivery added 66 cents to $80.66 a barrel.
The price of gold for April delivery was up $6.40 an ounce to $1,111.40.
Treasurys: The price of the benchmark 10-year note was higher, lowering the yield to 3.85%.
http://www.stocksource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Friday, 26 March 2010
Wall St futures point to higher open; data eyed
(Reuters) - Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 rose 0.2 to 0.3 percent, pointing to a firmer start on Wall Street on Friday.
At 8.30 a.m. ET, Commerce Department releases its final estimate of Q4 Gross Domestic Product (GDP) growth. Economists in a Reuters survey forecast a 5.9 percent annualized rate of growth, a repeat of the preliminary Q4 estimate.
The White House plans to announce on Friday it will require lenders to lower the mortgage payments of some unemployed workers and encourage lenders to eliminate some principal debt of homeowners who owe more than their home is worth, sources familiar with the plan said on Thursday.
Swiss banking giant UBS (UBSN.VX) (UBS.N) has slashed about 200 jobs in its U.S. brokerage unit, a source told Reuters. The job losses account for nearly 1.2 percent of the brokerage unit's 16,295 employees. A bulk of the job cuts were announced in the past two days, according to the Wall Street Journal. UBS declined to comment.
China will resume yuan appreciation in the second quarter but will keep its currency on a short leash, allowing a mere 3 percent rise over the next 12 months, according to a Reuters poll.
Commerce Department releases fourth quarter corporate profits at 8.30 a.m. Economists in a Reuters survey forecast a 10.0 percent rise versus a 12.7 percent increase in the previous report.
At 9.55 a.m., Reuters/University of Michigan Surveys of Consumers release final March consumer sentiment index. Economists in a expect a reading of 73.0, compared with 73.6 in the final February report.
News Corp (NWSA.O) will charge readers for online versions of its UK Times and Sunday Times newspapers from June, becoming the first media firm to test consumers' appetite to pay for mass-market news online. Access to two new websites for the two titles will cost 1 pound ($1.49) per day or 2 pounds for a week. Subscribers to the print versions will get free access, News Corp said on Friday.
Economic Cycle Research Institute (ECRI) releases its weekly index of economic activity for March 19 at 10.30 a.m. In the prior week the index read 130.9.
Shares of Accenture Plc (ACN.N) fell 2.1 percent to $40.90 in extended trading on Thursday after the company reported its second-quarter results.
General Motors Co GM.UL expects to repay $1 billion to the U.S. Treasury on Wednesday, attempting to settle the loan with the government ahead of schedule, the Wall Street Journal said, citing a person familiar with the plan. GM could not be immediately reached for comment by Reuters.
Finish Line shares (FINL.O) rose 7.5 percent to $15.76 late on Thursday after the company reported fourth-quarter results.
European shares fell on Friday, after closing at their highest level in nearly 18 months, with banks the major losers, as fears still remained about peripheral economies in Europe. The pan-European FTSEurofirst 300 .FTEU3 index of top shares was down 0.3 percent.
Euro zone leaders agreed on Thursday to create a joint financial safety net with the IMF to help debt-ridden Greece and to try to restore confidence in their common currency after weeks of wrangling.
U.S. stocks ended flat on Thursday, dropping off earlier highs as a weak U.S. bond auction and global debt concerns continued to weigh on investor sentiment.
The Dow Jones industrial average .DJI was up 5.06 points, or 0.05 percent, to end at 10,841.21. But the Standard & Poor's 500 Index .SPX was down 1.99 points, or 0.17 percent, at 1,165.73. And the Nasdaq Composite Index .IXIC was down 1.35 points, or 0.06 percent, at 2,397.41.
Japan's Nikkei average .N225 climbed 1.6 percent to its highest close in 18 months on Friday as recent weakness in the yen buoyed exporters, and helped by investors looking to secure dividends before the financial year end.
(Reporting by Atul Prakash; Editing by Hans Peters)
http://www.stocksource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
At 8.30 a.m. ET, Commerce Department releases its final estimate of Q4 Gross Domestic Product (GDP) growth. Economists in a Reuters survey forecast a 5.9 percent annualized rate of growth, a repeat of the preliminary Q4 estimate.
The White House plans to announce on Friday it will require lenders to lower the mortgage payments of some unemployed workers and encourage lenders to eliminate some principal debt of homeowners who owe more than their home is worth, sources familiar with the plan said on Thursday.
Swiss banking giant UBS (UBSN.VX) (UBS.N) has slashed about 200 jobs in its U.S. brokerage unit, a source told Reuters. The job losses account for nearly 1.2 percent of the brokerage unit's 16,295 employees. A bulk of the job cuts were announced in the past two days, according to the Wall Street Journal. UBS declined to comment.
China will resume yuan appreciation in the second quarter but will keep its currency on a short leash, allowing a mere 3 percent rise over the next 12 months, according to a Reuters poll.
Commerce Department releases fourth quarter corporate profits at 8.30 a.m. Economists in a Reuters survey forecast a 10.0 percent rise versus a 12.7 percent increase in the previous report.
At 9.55 a.m., Reuters/University of Michigan Surveys of Consumers release final March consumer sentiment index. Economists in a expect a reading of 73.0, compared with 73.6 in the final February report.
News Corp (NWSA.O) will charge readers for online versions of its UK Times and Sunday Times newspapers from June, becoming the first media firm to test consumers' appetite to pay for mass-market news online. Access to two new websites for the two titles will cost 1 pound ($1.49) per day or 2 pounds for a week. Subscribers to the print versions will get free access, News Corp said on Friday.
Economic Cycle Research Institute (ECRI) releases its weekly index of economic activity for March 19 at 10.30 a.m. In the prior week the index read 130.9.
Shares of Accenture Plc (ACN.N) fell 2.1 percent to $40.90 in extended trading on Thursday after the company reported its second-quarter results.
General Motors Co GM.UL expects to repay $1 billion to the U.S. Treasury on Wednesday, attempting to settle the loan with the government ahead of schedule, the Wall Street Journal said, citing a person familiar with the plan. GM could not be immediately reached for comment by Reuters.
Finish Line shares (FINL.O) rose 7.5 percent to $15.76 late on Thursday after the company reported fourth-quarter results.
European shares fell on Friday, after closing at their highest level in nearly 18 months, with banks the major losers, as fears still remained about peripheral economies in Europe. The pan-European FTSEurofirst 300 .FTEU3 index of top shares was down 0.3 percent.
Euro zone leaders agreed on Thursday to create a joint financial safety net with the IMF to help debt-ridden Greece and to try to restore confidence in their common currency after weeks of wrangling.
U.S. stocks ended flat on Thursday, dropping off earlier highs as a weak U.S. bond auction and global debt concerns continued to weigh on investor sentiment.
The Dow Jones industrial average .DJI was up 5.06 points, or 0.05 percent, to end at 10,841.21. But the Standard & Poor's 500 Index .SPX was down 1.99 points, or 0.17 percent, at 1,165.73. And the Nasdaq Composite Index .IXIC was down 1.35 points, or 0.06 percent, at 2,397.41.
Japan's Nikkei average .N225 climbed 1.6 percent to its highest close in 18 months on Friday as recent weakness in the yen buoyed exporters, and helped by investors looking to secure dividends before the financial year end.
(Reporting by Atul Prakash; Editing by Hans Peters)
http://www.stocksource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
Wednesday, 24 March 2010
Market Update
Market Update
| S&P 500 |  8.36 |
| NASDAQ | 19.84 |
| NYSE | 59.74 |
http://www.stocksource.us
ABOUT US:
Stock Source is a full service investor relations firm dedicated to growth stocks. We seek out innovative, emerging companies poised for growth and tell their stories to qualified, aggressive investors looking for ground floor opportunities.
We connect investors with investment prospects—cutting through the noise and churn of Wall Street to shine the spotlight on companies on their way up. These companies trade on the Nasdaq, Amex, OTCBB, and Pinksheets.
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