Friday, June 29, 2007
U.S. stocks finish session, June lower; rally in second quarter
DJIA
13,408
-13.66
S&P
1,503
-2.36
NASDAQ
2,603
-5.14
10Yr
5.03%
-0.085
U.S. stocks finish session, June lower; rally in second quarter
NEW YORK
U.S. stocks finished lower on Friday and for the month of June, but
still posted a strong performance for the second quarter.
Regulators crack down on subprime-lending abuses
WASHINGTON
After years of abuse in the subprime mortgage marketplace, federal
regulators are cracking down on banks by issuing new rules Friday to
make sure borrowers get loans they can actually afford.
Stocks end lower in topsy-turvy session. Dow down 17 points at closing bell, Nasdaq and S&P off 0.2%.
Stocks end lower in topsy-turvy session. Dow down 17 points at closing
bell, Nasdaq and S&P off 0.2%.
U.S. stocks rally amid end-of-quarter buying
DJIA
13,493
+71.53
S&P
1,513
+7.92
NASDAQ
2,622
+13.74
10Yr
5.07%
-0.052
U.S. stocks rally amid end-of-quarter buying
NEW YORK
U.S. stocks rallied Friday, with portfolio managers making last-minute
purchases as the first half of the trading year winds to a close, while
tame inflation data and Apple Inc.'s launch of the iPhone helped lift
sentiment.
Big challenge looms before Apple: How to replace an icon
SAN FRANCISCO
In the world of technology, the words "Apple" and "innovation" have
become practically synonymous. In one area, however, the maker of
personal computers and consumer electronic devices has shown an
inability to think different.
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Dow jumps nearly 100 points as investors welcome economic reports showing tame inflation, moderate growth.
Dow jumps nearly 100 points as investors welcome economic reports
showing tame inflation, moderate growth.
University of Michigan consumer sentiment revised higher, but still weakest in 10 months; construction spending jumps.
University of Michigan consumer sentiment revised higher, but still
weakest in 10 months; construction spending jumps.
Key inflation reading up .1% in May, meeting expectations; personal spending and income weaker than expected.
Key inflation reading up .1% in May, meeting expectations; personal
spending and income weaker than expected.
Thursday, June 28, 2007
Market Briefing Newsletter for Thursday, 06/28/2007
| Dow : 13422.28 down 5.45
| S & P : 1505.71 down 0.63
|
| NASDAQ: 2608.37 up 3.02
| Bond (10Y): 5.10%, 95.34
MARKETS:
Stocks finish flat on Fed decision Holding rates steady was widely
expected and doesn't do much to rally an inflation weary market; more
economic numbers on tap.
Stocks end mixed as Fed rate decision flusters markets; Dow down 5 points at close, Nasdaq up 3 points, S&P virtually flat.
Stocks end mixed as Fed rate decision flusters markets; Dow down 5
points at close, Nasdaq up 3 points, S&P virtually flat.
General Mills earnings up less than 1%
DJIA
13,421
-6.10
S&P
1,507
+0.77
NASDAQ
2,611
+5.66
10Yr
5.09%
+0.023
CORRECT: General Mills earnings up less than 1%
NEW YORK
General Mills Inc., maker of Cheerios cereal and Yoplait yogurt, said
Thursday fourth-quarter profit rose less than 1% as Big G cereals and
Nature Valley granola bars sales helped make up for rising grain and
marketing costs.
European deal to sell iPhone still in the works
LONDON
Capturing the elusive high-end consumer is the biggest lure behind the
exclusive deal to distribute Apple Inc.'s much anticipated iPhone in
Europe, industry observers said Thursday.
Wednesday, June 27, 2007
U.S. stocks rally on end-of-quarter buying
DJIA
13,427
+90.07
S&P
1,506
+13.45
NASDAQ
2,605
+31.19
10Yr
5.07%
-0.031
U.S. stocks rally on end-of-quarter buying
NEW YORK
U.S. stocks rallied Wednesday, reversing early weakness, as investors
set aside recent jitters about the subprime mortgage market and hedge
fund woes to focus on rebuilding their portfolios ahead of the end of
the second quarter on Friday.
U.S. stocks fall after weak data
DJIA
13,322
-14.96
S&P
1,491
-1.64
NASDAQ
2,577
+3.16
10Yr
5.05%
-0.048
U.S. stocks fall after weak data
NEW YORK
U.S. stocks were mixed Wednesday, after better-than-expected earnings
from Oracle Corp. lifted technology shares, while a weak economic report
did little to offset recent jitters about the subprime mortgage market
and hedge fund woes.
Millionaires now number 9.5 million, survey finds
LONDON
The number of people holding more than $1 million in financial assets
rose 8.3% to 9.5 million in 2006, according to Merrill Lynch and Cap
Gemini's annual survey of world wealth.
Tuesday, June 26, 2007
Oracle profit rises 23% on new software sales
DJIA
13,337
-14.39
S&P
1,492
-4.85
NASDAQ
2,574
-2.92
10Yr
5.10%
+0.023
Oracle profit rises 23% on new software sales
SAN FRANCISCO
Oracle Corp. on Tuesday reported fiscal fourth-quarter profit rose 23%
from a year ago as the software giant recorded increased sales of new
software contracts and said it was gaining market share in key areas
from some of its top rivals.
NEW YORK
U.S. stocks finished a touch lower after a volatile session Tuesday, as
a slightly better-than-expected report on housing and deal news couldn't
offset concerns about interest rates, the subprime mortgage market and
hedge fund woes.
AT&T, Apple set price for iPhone plans
WASHINGTON
AT&T Inc. and Apple Inc. unveiled prices Tuesday for iPhone service,
which would start at $59.99 a month and include unlimited e-mail and
Internet access.
Consumer confidence index falls to 10-month low
DJIA
13,408
+56.49
S&P
1,502
+5.21
NASDAQ
2,584
+7.53
10Yr
5.10%
+0.025
Consumer confidence index falls to 10-month low
WASHINGTON
U.S. consumers are in a "subdued" mood about the economy and the job
market, the Conference Board said Tuesday.
Economic Report: Home prices fall at fastest rate in 16 years
WASHINGTON
Home prices in 10 major U.S. cities dropped at the fastest pace in 16
years during the 12 months ending in April, according to Standard &
Poor's Case-Shiller home price index released Tuesday.
Monday, June 25, 2007
Markets Monday, 06/25/2007
| Dow : 13352.05 down 8.21
| S & P : 1497.74 down 4.82
|NASDAQ: 2577.08 down 11.88
| Bond (10Y): 5.08%, 95.50
MARKETS:
Subprime jitters puts end to bull run
Stocks end lower after early runup on renewed concerns about scope of
Bear Stearns hedge fund fallout.
Stocks turn lower, Dow's 100-point gain evaporates, as interest rate optimism fades.
Stocks turn lower, Dow's 100-point gain evaporates, as interest rate
optimism fades.
U.S. stocks rall as yields, oil fall
DJIA
13,454
+93.80
S&P
1,509
+7.13
NASDAQ
2,598
+9.40
10Yr
5.10%
-0.035
U.S. stocks rall as yields, oil fall
NEW YORK
U.S. stocks rallied on Monday, as a drop in bond yields, falling crude
oil prices, and an upgrade of General Motors Corp., helped the market
stage a rebound after a sell-off on Friday.
Economic Report: U.S. inventory of homes for sale in May rises to
15-year high
WASHINGTON
The inventory of previously owned homes up for sale in May rose to the
highest level in relation to sales in 15 years, a real-estate trade
group said Monday.
Hedge-fund manager GLG plans $3.4 billion listing on NYSE
LONDON
Hedge-fund manager GLG Partners said Monday that it's planning to list
on the New York Stock Exchange through a reverse-acquisition valuing the
firm at around $3.4 billion.
Are there any iPhone alternatives? Here are some rivals
SAN FRANCISCO
Apple Inc. may face plenty of competition from wireless phone makers
when it launches its iPhone this coming week. But when it comes to the
high end of the market, it largely has the field to itself.
Merck: Diabetes drug in combination therapy lowers blood sugar
NEW YORK
Merck & Co.'s new diabetes drug Januvia, taken in combination with
another drug, improved blood sugar control in patients with type 2
diabetes monitored for a year, according to a study by the
pharmaceutical company released on Saturday.
