Friday, May 18, 2007
U.S. stocks rally; Dow ends at record amid flurry of deals
DJIA
13,556
+79.81
S&P
1,522
+10.00
NASDAQ
2,558
+19.07
10Yr
4.80%
+0.048
U.S. stocks rally; Dow ends at record amid flurry of deals
NEW YORK
U.S. stocks rallied on Friday, sending the Dow Jones Industrial Average
to a new record high and the broad S&P 500 Index near its all-time high
amid a flurry of takeover activity.
Microsoft to acquire aQuantive for $6 bln, an 85% premium
NEW YORK
Microsoft Corp. on Friday agreed to pay $6 billion in cash for Internet
marketing firm aQuantive, extending the software giant's reach into
online advertising and giving it more ammunition in its fight with
Google Inc.
China widens range that yuan can rise against dollar
NEW YORK
The People's Bank of China on Friday said it's widening the trading band
for the yuan, hiking interest rates and increasing banks' reserve
requirements, as authorities act to cool the red-hot stock market and
lessen pressure from disgruntled trading partners such as the United
States.
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U.S. stocks powered by flurry of deals
DJIA
13,525
+48.93
S&P
1,518
+5.25
NASDAQ
2,545
+5.68
10Yr
4.77%
+0.012
U.S. stocks powered by flurry of deals
NEW YORK
U.S. stocks were firmly higher on Friday, resuming the market's advance
after mild consolidation on Thursday, as a flurry of deals -- including
a Microsoft Corp. acquisition and a potential divestiture by General
Electric Co. -- boosted interest for blue chips, along with upgrades of
Intel Corp. and Verizon Corp.
China widens range that yuan can rise against dollar
NEW YORK
The People's Bank of China on Friday said it's widening the trading band
for the yuan, hiking interest rates and increasing banks' reserve
requirements, as authorities act to cool the red-hot stock market and
lessen pressure from disgruntled trading partners such as the United
States.
Microsoft to acquire aQuantive for $6 bln
Consumer confidence posts surprise jump in May, beating projections.
Consumer confidence posts surprise jump in May, beating projections.
Thursday, May 17, 2007
U.S. stocks end lower in post-rally consolidation
DJIA
13,476
-10.81
S&P
1,512
-1.39
NASDAQ
2,539
-8.04
10Yr
4.76%
+0.048
U.S. stocks end lower in post-rally consolidation
NEW YORK
U.S. stocks ended lower Thursday, as investors consolidated some of the
previous session's strong gains, and with a surge in crude oil prices
offsetting upbeat outlooks from Hewlett-Packard Co. and JC Penney Co.
Inc.
Futures Movers: Gasoline futures close 4% higher, lifting crude to a
2-week high
SAN FRANCISCO
Reformulated-gasoline futures rallied more than 4% Thursday, leading
crude futures to close at their highest level since late April as
traders fretted about high-demand expectations for gasoline during the
summer-driving season.
Senators, Bush reach deal on immigration
WASHINGTON
Taking another run at one of the nation's most divisive political
issues, a bipartisan group of senators and the White House agreed
Thursday on a plan to overhaul the nation's immigration laws.
Fed's Bernanke sees limited impact from subprime
DJIA
13,482
-4.87
S&P
1,512
-1.18
NASDAQ
2,541
-5.67
10Yr
4.74%
+0.036
Fed's Bernanke sees limited impact from subprime
WASHINGTON
The slowdown in the housing market probably has further to run, but it
won't have a significant impact on the rest of the economy, Federal
Reserve Chairman Ben Bernanke said Thursday.
Leading Indicators fell 0.5 percent in April, missing forecasts, and pointing to more short-term economic weakness.
Leading Indicators fell 0.5 percent in April, missing forecasts, and
pointing to more short-term economic weakness.
Bernanke sees further slowdown in home sales from subprime problems, says Fed keeping 'all options' open.
Bernanke sees further slowdown in home sales from subprime problems,
says Fed keeping 'all options' open.
U.S. jobless claims fell by 5,000 to 293,000 last week, the lowest level in more than a year.
U.S. jobless claims fell by 5,000 to 293,000 last week, the lowest level
in more than a year.
Wednesday, May 16, 2007
U.S. stocks rally; Dow at record after economic data
DJIA
13,487
+103.69
S&P
1,514
+12.95
NASDAQ
2,547
+22.13
10Yr
4.71%
-0.004
U.S. stocks rally; Dow at record after economic data
NEW YORK
U.S. stocks rallied Wednesday, sending the Dow Jones Industrial Average
to a new record high, as investors cheered stronger-than-expected
industrial production data, Bausch & Lomb's buyout by a private equity
firm and speculation about a break-up of Citigroup Inc.
Dow storms to record closing high with 100+ point gain; S&P ends at 6-year high; Nasdaq up sharply.
Dow storms to record closing high with 100+ point gain; S&P ends at
6-year high; Nasdaq up sharply.
U.S. stocks rise after economic data
DJIA
13,409
+25.51
S&P
1,505
+4.56
NASDAQ
2,526
+1.16
10Yr
4.71%
0.000
U.S. stocks rise after economic data
NEW YORK
U.S. stocks rose Wednesday, as investors cheered stronger-than-expected
industrial production data, Bausch & Lomb's buyout by a private equity
firm.and speculation about a break-up of Citigroup Inc.
Economic Report: Building permits fall to 10-year low, but starts rise
2.5%
WASHINGTON
U.S. builders pulled back on filing for permits to build homes in April,
but started construction on more houses than they did in March, the
Commerce Department reported Wednesday.
Fed's Hoenig sees economy picking up
DENVER
Federal Reserve Bank of Kansas City President Thomas Hoenig on Tuesday
night said that he expected the first quarter would be the low point of
the U.S. economic slowdown and the economy would pick up from here.
Tuesday, May 15, 2007
U.S. stocks close mixed after post-inflation rally
DJIA
13,383
+37.06
S&P
1,501
-1.96
NASDAQ
2,525
-21.15
10Yr
4.71%
+0.022
U.S. stocks close mixed after post-inflation rally
NEW YORK
U.S. stocks finished mixed on Tuesday, with the Dow Jones Industrial
Average closing at a record high on the back of weaker-than-expected
consumer prices, while the broad market succumbed to selling late in the
session.
Midday Report: U.S. stocks rally after inflation report
DJIA
13,454
+107.27
S&P
1,512
+9.34
NASDAQ
2,553
+7.13
10Yr
4.70%
+0.008
U.S. stocks rally after inflation report
NEW YORK
U.S. stocks rallied Tuesday, sending the Dow Jones Industrial Average to
a record high, after weaker-than-expected consumer price inflation
boosted hopes that the Federal Reserve will cut interest rates to boost
a slowing economy, offsetting disappointing results from Home Depot Inc.
and Wal-Mart Stores.
Economic Report: Core inflation rises 0.2% in April
WASHINGTON
U.S. consumer prices increased 0.4% in April, boosted by higher prices
for energy and groceries, the Labor Department reported Tuesday.
Weak housing market hurts Home Depot profit
NEW YORK
Home Depot Inc. on Tuesday reported a 30% drop in quarterly profit,
blaming the faltering U.S. housing market as well as unusual weather,
and forecast a weak home-improvement market for the rest of the year.
Wal-Mart's profit in line with expectations; cautious on outlook
CHICAGO
Wal-Mart Stores Inc. turned in an 8% increase in first-quarter earnings
Tuesday, as robust results out of the retailer's growing international
division and its warehouse stores helped make up for the ongoing
difficulties in core U.S. stores.
Home prices sink 1.8 percent in first quarter, falling for third straight quarter, Realtors report.
Home prices sink 1.8 percent in first quarter, falling for third
straight quarter, Realtors report.
Home improvement retailer Home Depot reports earnings well below analyst estimates.
Home improvement retailer Home Depot reports earnings well below analyst
estimates.
April consumer prices, a key inflation measure, rose 0.4 percent; core consumer prices up 0.2 percent; both in line with estimates.
April consumer prices, a key inflation measure, rose 0.4 percent; core
consumer prices up 0.2 percent; both in line with estimates.
Monday, May 14, 2007
Markets Monday, 05/14/2007
| Dow : 13346.78 up 20.56
| S & P : 1503.15 down 2.70
| NASDAQ: 2546.44 down 15.78
| Bond (10Y): 4.69%, 98.47
MARKETS:
Techs drag on Wall Street Investors retreat ahead of economic
reports; automaker shares jump on Daimler's majority sale of its
Chrysler unit.
U.S stocks mixed after Chrysler sale
DJIA
13,357
+31.53
S&P
1,506
+0.51
NASDAQ
2,556
-5.58
10Yr
4.68%
+0.012
U.S stocks mixed after Chrysler sale
NEW YORK: U.S. stocks were mixed Monday, as investors consolidated some
of the market's recent gains ahead of key inflation data on Tuesday,
offsetting news that DaimlerChrysler AG agreed to sell 80% of Chrysler
for $7.45 billion news.
Cerberus to buy 80% of Chrysler for $7.4 billion cash
LONDON: Private-equity firm Cerberus Capital Management on Monday agreed
to inject $7.4 billion into Chrysler Group in return for 80% of the
ailing automaker, a move that effectively unwinds the deal struck
between Daimler and Chrysler one decade ago.
