Friday, July 13, 2007
U.S. stocks mixed after record rally
DJIA
13,886
+25.20
S&P
1,548
+1.23
NASDAQ
2,698
-3.61
10Yr
5.11%
-0.009
U.S. stocks mixed after record rally
Court rules ABN Amro can sell LaSalle to Bank of America
LONDON
The Dutch Supreme Court on Friday ruled that ABN Amro can proceed with
its $21 billion sale of LaSalle to Bank of America, taking Barclays a
step closer to winning control of ABN in the world's biggest banking
takeover.
Economic Report: Retail sales fall 0.9% in June, largest drop since
2005
WASHINGTON
With weak demand for durable goods and falling gas prices, U.S. retail
sales dropped 0.9% in June, the largest decline since August 2005, the
government said Friday.
Commodities Corner: Traders focused on crude may be slighting natural
gas
SAN FRANCISCO
Finding the logic in the energy markets takes a little work when the
obvious isn't so obvious.
U.S. stocks mixed after record rally
DJIA
13,886
+25.20
S&P
1,548
+1.23
NASDAQ
2,698
-3.61
10Yr
5.11%
-0.009
U.S. stocks mixed after record rally
Court rules ABN Amro can sell LaSalle to Bank of America
LONDON
The Dutch Supreme Court on Friday ruled that ABN Amro can proceed with
its $21 billion sale of LaSalle to Bank of America, taking Barclays a
step closer to winning control of ABN in the world's biggest banking
takeover.
Economic Report: Retail sales fall 0.9% in June, largest drop since
2005
WASHINGTON
With weak demand for durable goods and falling gas prices, U.S. retail
sales dropped 0.9% in June, the largest decline since August 2005, the
government said Friday.
Commodities Corner: Traders focused on crude may be slighting natural
gas
SAN FRANCISCO
Finding the logic in the energy markets takes a little work when the
obvious isn't so obvious.
Michigan confidence reading jumps to 92.4 for July, well above forecasts, Reuters reports.
Michigan confidence reading jumps to 92.4 for July, well above
forecasts, Reuters reports.
U.S. retail sales fall 0.9% in June, largest drop since August 2005
U.S. retail sales fall 0.9% in June, largest drop since August 2005
Thursday, July 12, 2007
Dow surges 283 pts to new highs on deals, June retail sales
DJIA
13,861
+283.86
S&P
1,547
+28.94
NASDAQ
2,701
+49.94
10Yr
5.12%
+0.036
Dow surges 283 pts to new highs on deals, June retail sales
NEW YORK
U.S. stocks rose sharply Thursday, sending the Dow Jones Industrial
Average up over 283 points to new record highs, as traders cheered Rio
Tinto plc's $38.1 billion offer for aluminum producer Alcan Inc. and
Wal-Mart Stores Inc.'s better-than-expected June sales.
MarketWatch First Take: Surprised by the DJIA's new high? Contrarians
weren't.
ANNANDALE, Va.
Were you surprised by the stock market's blowout day on Thursday that
catapulted the Dow Jones Industrial Average upwards by more than 280
points?
Dow soars 286 points to record high, S&P also ends at all-time record spurred by deal news, strong Wal-Mart sales.
Dow soars 286 points to record high, S&P also ends at all-time record
spurred by deal news, strong Wal-Mart sales.
U.S. stocks rise sharply; Dow hits new record
DJIA
13,742
+164.36
S&P
1,533
+14.28
NASDAQ
2,674
+22.96
10Yr
5.11%
+0.033
U.S. stocks rise sharply; Dow hits new record
NEW YORK
U.S. stocks rose sharply Thursday, sending the Dow Jones Industrial
Average to a new record high, on enthusiasm for Rio Tinto plc's $38.1
billion tender offer for aluminum producer Alcan Inc. and Wal-Mart
Stores Inc.'s better-than-expected June sales.
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Dow in record territory as stocks stage rally.
Dow in record territory as stocks stage rally.
U.S. trade gap rises to $60 billion in May, in line with forecasts; jobless claims down to 308,000 in latest week.
U.S. trade gap rises to $60 billion in May, in line with forecasts;
jobless claims down to 308,000 in latest week.
Wednesday, July 11, 2007
Genentech quarterly earnings surge 41%
DJIA
13,577
+76.17
S&P
1,518
+8.64
NASDAQ
2,651
+12.63
10Yr
5.08%
+0.042
Genentech quarterly earnings surge 41%
SAN FRANCISCO
Genentech Inc. late Wednesday said its second-quarter profit rose 41%
over the same quarter last year, and the biotechnology giant lifted its
profit forecast for the full-year period.
Stocks rise as earnings hopes offset subprime woes
NEW YORK
U.S. stocks rose on Wednesday, bouncing back from a sell-off in the
previous session, as hopes for a strong second-quarter earnings season
helped offset concerns that the meltdown in the subprime mortgage market
will spill over to other areas.
Wall Street fights to close higher as investors put aside jitters after Tuesday's big selloff; Dow ends up about 0.5%.
Wall Street fights to close higher as investors put aside jitters after
Tuesday's big selloff; Dow ends up about 0.5%.
Stocks bounce back; investors sort out subprime fracas
DJIA
13,559
+57.55
S&P
1,516
+6.44
NASDAQ
2,646
+7.73
10Yr
5.08%
+0.038
Stocks bounce back; investors sort out subprime fracas
NEW YORK
U.S. stocks managed a partial comeback Wednesday, as hopes that the
second-quarter earnings season will prove strong overshadowed recent
evidence that the deterioration of the subprime mortgage sector has
spread to other arenas of the economy.
Crude oil pares some losses, as crude supplies fall
NEW YORK
Crude-oil futures pared some of their losses Wednesday after the Energy
Department reported an unexpected decline in U.S. crude supplies.
Currencies: Dollar pressure continues as euro, sterling hit highs
NEW YORK
The dollar came under further selling pressure Wednesday, falling to a
fresh 26-year trough against the British pound and hovering near an
all-time low against the euro on concerns about the U.S. subprime
mortgage market and potential economic weakness.
Tuesday, July 10, 2007
Markets: Tuesday, 07/10/2007
| Dow : 13501.70 down 148.27
| S & P : 1510.12 down 21.73
|NASDAQ: 2639.16 down 30.86
| Bond (10Y): 5.02%, 95.94
MARKETS:
Stocks get smacked
Major gauges tumble after series of earnings warnings, more subprime
news; investors weigh Bernanke comments.
Stocks tumble as Bernanke fails to soothe investors spooked by earnings and subprime woes. Dow, S&P, Nasdaq lose more than 1%.
Stocks tumble as Bernanke fails to soothe investors spooked by earnings
and subprime woes. Dow, S&P, Nasdaq lose more than 1%.
Euro at new high due to subprime woes
DJIA
13,614
-35.12
S&P
1,525
-6.82
NASDAQ
2,659
-10.10
10Yr
5.08%
-0.075
Euro at new high due to subprime woes
NEW YORK
The euro hit a new high against the dollar on Tuesday, topping $1.37 in
mid-morning trading amid concerns that problems in the subprime mortgage
loan sector would spread to other parts of the U.S. economy.
Market Snapshot: U.S. stocks fall on earnings, subprime jitters
NEW YORK
U.S. stocks fell on Tuesday, with investor enthusiasm hit right at the
outset of earnings season after both Home Depot Inc. and Sears Holdings
lowered their forecasts, while concerns about housing and credit markets
were revived by a possible rating action from Standard & Poor's.
Monday, July 09, 2007
Alcoa profit falls nearly 4% while sales rise
DJIA
13,649
+38.29
S&P
1,531
+1.41
NASDAQ
2,670
+3.51
10Yr
5.16%
-0.036
Alcoa profit falls nearly 4% while sales rise
SAN FRANCISCO
Alcoa Inc. said late Monday earnings slipped in the second quarter,
pinched by curtailment costs at two smelters and an ongoing bid for
Alcan Inc., while revenue climbed on higher aluminum prices and
volumes.
Market Snapshot: U.S. stocks gain, Dow nears record, ahead of earnings
NEW YORK
U.S. stocks finished higher on Monday, sending the Dow Jones Industrial
Average near a new record close, with investors expecting that
second-quarter earnings will top lowered expectations, starting with
Alcoa Inc.
Wall Street ends higher after the Dow and S&P 500 flirt with all-time highs.
Wall Street ends higher after the Dow and S&P 500 flirt with all-time
highs.
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U.S. stocks mixed as techs fall ahead of earnings
DJIA
13,636
+25.04
S&P
1,529
-0.90
NASDAQ
2,666
+0.18
10Yr
5.16%
-0.036
U.S. stocks mixed as techs fall ahead of earnings
NEW YORK
U.S. stocks turned mixed on Monday, as investors scaled back positions
in the technology sector, one of the winning areas of the market over
the past few weeks, after a profit-warning from Lexmark International
Group Inc. dampened sentiment.
Earnings Outlook: Second-quarter earnings look slimmer; Alcoa to tee off
Monday
SAN FRANCISCO
Profits at the largest U.S. companies likely increased at a slower clip
in the second quarter as rising interest rates and drags from autos and
housing kept a lid on growth. But an unlikely mix of industrial
heavyweights and tech firms are nevertheless expected to shine.