Friday, October 19, 2007
U.S. stocks plunge on anniversary of 1987 crash, Dow down 2.6%
DJIA
13,522
-366.94
S&P
1,500
-39.45
NASDAQ
2,725
-74.15
10Yr
4.40%
-0.102
U.S. stocks plunge on anniversary of 1987 crash, Dow down 2.6%
NEW YORK
U.S. stocks tanked Friday - the 20th anniversary of Black Monday - as
panicky investors opted to sell after disappointing earnings from blue
chips Honeywell International Inc., 3M Co. and Caterpillar Inc., along
with crude oil's seemingly incessant rise, fueled worries of economic
trouble ahead.
3M's quarterly net up 7.4% amid tough flat-screen TV market
NEW YORK
3M Co. raised its full-year earnings forecast Friday and reported a 7.4%
increase in third-quarter net income because of robust growth in its
tape and adhesive business, but shares came under pressure due to
difficulties in the flat-screen television business, dropping nearly 7%
at one point.
Honeywell's quarterly profit rises 14%, but margin concerns mount
NEW YORK
Honeywell International Inc. raised its full-year sales outlook Friday
as third-quarter profit jumped 14% due to robust performances in the
blue-chip conglomerate's aerospace and automated control systems
businesses.
Caterpillar profit up 21%; shares down 4.3%
SAN FRANCISCO
Caterpillar shares dropped 5.3% on Friday after the construction
equipment leader, despite posting a rise in third-quarter profit, cut
its 2007 earnings target amid "severe weakness" in its core U.S.
market.
Futures Movers: Crude oil backs off after hitting $90 a barrel
NEW YORK
Crude-oil futures retreated Friday after hitting $90 a barrel for the
first time overnight as continued weakness in the dollar and worries
over supply security helped drive prices higher.
Breaking News Fri., October 19, 2007
Breaking News
DOW JONES INDUSTRIAL AVG DROPS MORE THAN 370 PTS ON 20TH ANNIVERSARY OF
BLACK MONDAY
The Dow Jones industrial average is down 278 points, nearly 2%, with about an hour left in the trading day.
The Dow Jones industrial average is down 278 points, nearly 2%, with
about an hour left in the trading day.
Breaking News Fri., October 19, 2007
Breaking News
FEDERAL HEALTH ADVISERS HAVE RECOMMENDED THAT COLD AND COUGH MEDICINES
NOT BE USED IN CHILDREN YOUNGER THAN 6
U.S. stocks thud lower; even Google can't keep Nasdaq up
DJIA
13,698
-190.79
S&P
1,520
-19.67
NASDAQ
2,762
-36.71
10Yr
4.41%
-0.090
U.S. stocks thud lower; even Google can't keep Nasdaq up
NEW YORK
Wall Street sputtered quickly at Friday's start after a downgrade of
British banking giant HSBC Holding Plc furthered concerns about the
shaky credit markets, overtaking investor solace from Google Inc.'s
estimate-topping earnings.
3M's quarterly net up 7.4% amid tough flat-screen TV market
NEW YORK
3M Co. raised its full-year earnings forecast Friday and reported a 7.4%
increase in third-quarter net income because of robust growth in its
tape and adhesive business, but shares came under pressure due to
difficulties in the flat-screen television business, dropping nearly 7%
at one point.
Honeywell's quarterly profit rises 14%, but margin concerns mount
NEW YORK
Honeywell International Inc. raised its full-year sales outlook Friday
as third-quarter profit jumped 14% due to robust performances in the
blue-chip conglomerate's aerospace and automated control systems
businesses.
Caterpillar profit up 21%; shares down 4.3%
SAN FRANCISCO
Caterpillar shares dropped as much as 4.3% on Friday after the
construction equipment leader, despite posting a rise in third-quarter
profit, cut its 2007 earnings target amid "severe weakness" in its core
U.S. market.
Futures Movers: Crude oil backs off after hitting $90
NEW YORK
Crude oil futures retreated Friday after hitting $90 a barrel for the
first time overnight as continued weakness in the dollar and worries
over supply security helped drive prices higher.
Dow industrials down 220, as 3M falls 5%, Honeywell and Caterpillar drop 4%
BULLETIN
Dow industrials down 220, as 3M falls 5%, Honeywell and Caterpillar drop
4%
_____________________________
Stocks plunge on worse-than-expected corporate earnings from
Caterpillar, Honeywell; high oil prices.
>>>>>>>>>>
Crude oil backs off after hitting $90
Caterpillar profit up 21% despite U.S. weakness
Honeywell's quarterly profit rises 14%, but margin concerns mount
3M's quarterly profit climbs 7.4%
Dow industrials down 150 points: 3M, Honeywell, Caterpillar drive decline
Crude tops $90 to hit all-time high in electronic trading session
Caterpillar profit up 21% despite U.S. weakness
Honeywell's quarterly income rises 14%
3M's quarterly profit climbs 7.4%
BULLETIN
Dow industrials down 150 points: 3M, Honeywell, Caterpillar drive
decline
Thursday, October 18, 2007
Google shares volatile after company posts solid results
DJIA
13,888
-3.58
S&P
1,540
-1.16
NASDAQ
2,799
+6.64
10Yr
4.50%
-0.043
Google shares volatile after company posts solid results
Google Inc., Advanced Micro Devices Inc. and Gilead Sciences Inc. will
be in focus Thursday evening after the release of the companies'
quarterly results.
Bank of America's quarterly profit falls 32%
NEW YORK
Bank of America Corp. said Thursday its quarterly profit dropped by
almost one-third, as trading losses and a hit from loans related to
clients doing corporate takeovers nearly wiped out the company's
investment-banking income.
Pfizer's quarterly profit plunges 77% on Exubera halt
BOSTON
Pfizer Inc. said Thursday that third-quarter earnings fell 77%, largely
reflecting charges associated with the company's decision to stop
selling Exubera, a once-promising inhaled-insulin therapy.
Nokia shares rally after 85% jump in quarterly profit
LONDON
Nokia Corp., the world's largest maker of mobile phones, posted an 85%
jump in third-quarter profit Thursday as margins surged at its
mobile-device business and it continued to gain market share.
Economic Report: U.S. leading indicators point to slow growth
WASHINGTON
Slow growth could continue into the early months of 2008, the Conference
Board said Thursday, reporting that a gauge of future economic growth
rose 0.3% in September.
Stocks flatline at the close as investors weigh surging oil and mixed earnings and await results from Google and AMD.
Stocks flatline at the close as investors weigh surging oil and mixed
earnings and await results from Google and AMD.
Crude oil continues meteoric rise, surging $2.07 to $89.47, another record settle.
Crude oil continues meteoric rise, surging $2.07 to $89.47, another
record settle.
U.S. stocks fall as Bank of America results disappoint
DJIA
13,857
-34.96
S&P
1,535
-6.09
NASDAQ
2,779
-12.84
10Yr
4.52%
-0.029
U.S. stocks fall as Bank of America results disappoint
NEW YORK
Bank of America Corp.'s larger-than-expected profit drop and a rise in
weekly jobless claims sparked a decline in U.S. stocks Thursday, with
the disappointing results reported by the country's second-biggest bank
serving as another example of ongoing trouble in the financial sector.
Bank of America's quarterly profit falls 32%
NEW YORK
Bank of America Corp.'s third-quarter net income fell 32% from a year
ago as trading losses, write-downs on a wide variety of loans and
soaring reserves for likely future loan losses undermined profit,
financial results showed Thursday.
Pfizer's quarterly profit drops on product-termination charge
BOSTON
Pfizer Inc. reported dramatically lower third-quarter earnings Thursday,
largely reflecting charges associated with its decision to stop selling
Exubera, a once-promising inhaled-insulin therapy.
Nokia shares rally after 85% jump in quarterly profit
LONDON
Nokia Corp., the world's largest maker of mobile phones, posted an 85%
jump in third-quarter profit Thursday as margins surged at its
mobile-device business and it continued to gain market share.
Economic Report: U.S. leading indicators point to slow growth
WASHINGTON
Slow growth could continue into the early months of 2008, the Conference
Board said Thursday, reporting that a gauge of future economic growth
rose 0.3% in September.
Stock futures turn lower after Bank of America disappointment.
Stock futures turn lower after Bank of America disappointment.
Wednesday, October 17, 2007
EBay swings to loss on Skype charges; revenues jump 30 percent
DJIA
13,892
-20.40
S&P
1,541
+2.71
NASDAQ
2,792
+28.76
10Yr
4.55%
-0.109
EBay swings to loss on Skype charges; revenues jump 30 percent
SAN FRANCISCO
EBay Inc. swung to a loss in the third quarter due to a large write-off
of its investment into Internet telephony carrier Skype, but results
excluding the charge came in well above Wall Street's estimates.
After Hours: EBay jumps; E-Trade drops after posting Q3 loss
LOS ANGELES
Late-traders bid up shares of online auctioneer EBay Inc. Wednesday
evening after the company issued an upbeat financial outlook, while
E-Trade Financial Corp. shares dropped more than 2% after the online
broker swung to a quarterly loss.
Market Snapshot: U.S. stocks' roller coaster ride leads to mixed ending
NEW YORK
U.S. stocks closed mixed on Wednesday after escalating oil prices
quashed an earlier rally, but the technology-dominated Nasdaq Composite
retained solid gains on profits from bellwethers United Technologies
Corp. and Intel Corp.
Futures Movers: Crude backs off from record $89/bbl to end lower
NEW YORK
Crude oil futures finished lower Wednesday, as traders took profits
after a surge which earlier sent the benchmark contract to a record high
of $89 a barrel.
Mark Hulbert: What top timers are saying now vs in March 2000
ANNANDALE, Va.
The newsletters with the best long-term market timing records at the top
of the market in March 2000 were not completely out of stocks.
U.S. stocks rise on upbeat profits from J.P. Morgan, Intel
DJIA
13,934
+22.03
S&P
1,545
+6.51
NASDAQ
2,798
+34.25
10Yr
4.59%
-0.067
U.S. stocks rise on upbeat profits from J.P. Morgan, Intel
NEW YORK
U.S. stocks climbed Wednesday after early economic data did little to
upset the optimism sparked by better-than-expected profits reported by
blue-chip companies like J.P. Morgan Chase & Co., United Technologies
Corp. and Intel Corp.
Economic Report: U.S. housing starts for September fall to a 14-year
low
WASHINGTON
Construction on new homes plunged in September to the lowest level in 14
years, clear evidence that the turmoil roiling financial markets has
sent the nation's housing sector into a tailspin.
J.P. Morgan Chase net edges higher but profit view is clouded
NEW YORK
J.P. Morgan Chase & Co. on Wednesday said third-quarter net income edged
2% higher, as strong private equity gains and a big profit on the sale
of MasterCard shares cushioned the blow from chaotic fixed income
markets.
Oil reaches new all-time high at $88.47 a barrel after reports Turkey authorizes action vs. Iraq.
Oil reaches new all-time high at $88.47 a barrel after reports Turkey
authorizes action vs. Iraq.
Oil prices turn lower after surprise inventory growth.
Oil prices turn lower after surprise inventory growth.
Housing starts, building permits fall more than expected in September; consumer prices up 0.3%, 0.2% ex food and energy.
Housing starts, building permits fall more than expected in September;
consumer prices up 0.3%, 0.2% ex food and energy.
Tuesday, October 16, 2007
Yahoo's profit falls, but beats expectations
DJIA
13,912
-71.86
S&P
1,538
-10.18
NASDAQ
2,763
-16.14
10Yr
4.66%
-0.018
Yahoo's profit falls, but beats expectations
SAN FRANCISCO
Yahoo Inc. said Tuesday its fiscal third-quarter profit fell 5% from the
year-earlier period, as the flagging Internet company undertook a broad
reorganization under a new chief executive.
Yahoo execs called to testify about 'false information'
SAN FRANCISCO
A House committee on Tuesday said it has asked executives from Yahoo
Inc. to testify about the validity of past statements the Internet
company made during sworn testimony about its involvement in the jailing
of Chinese dissidents.
Market Snapshot: Stocks end lower on housing woes and rising crude
NEW YORK
Wall Street shares closed lower on Tuesday ahead of key technology
results as investors contended with warnings from financial institutions
that the recent credit crunch would dent earnings in the fourth
quarter.
Futures Movers: Crude heads further into record territory, closing above
$87
SAN FRANCISCO
Crude-oil futures rocketed briefly past $88 a barrel Tuesday for the
first time as mounting concerns over a possible Turkish attack on
Kurdish rebels in northern Iraq and tight U.S. crude supplies heading
into the winter kept strong upward pressure on energy prices.
The Fed: Officials were split on size of last rate cut, minutes show
WASHINGTON
Only a slim majority of the Federal Reserve's 12 district banks backed a
half-percentage point cut in interest rates going into the central
bank's September meeting, according to minutes of the discount rate
meetings released Tuesday.
Homebuilders' confidence sinks to all-time low in October, weakest buyer traffic in 23-year history of trade-group survey.
Homebuilders' confidence sinks to all-time low in October, weakest buyer
traffic in 23-year history of trade-group survey.
Wall Street drops on Fed talk, higher crude
DJIA
13,937
-47.39
S&P
1,543
-5.65
NASDAQ
2,777
-2.44
10Yr
4.65%
-0.022
Wall Street drops on Fed talk, higher crude
NEW YORK
Wall Street shares declined again on Tuesday, with financial stocks
weighing on the market amid signals the recent credit crunch would dent
earnings in the fourth quarter and on news that Federal Reserve Chairman
Ben Bernanke said trouble in the housing market would likely slow
economic growth into early 2008.
Financial Stocks: Bear a rare gainer as credit crunch weighs on sector
NEW YORK
Shares of Bear Stearns Cos Inc. rose modestly in early trading Tuesday
after China's Citic said it is interested in taking a stake in the Wall
Street firm.
Ericsson shares shed 25% on profit warning as margins erode
LONDON
Shares in Ericsson AB lost more than a quarter of their value on Tuesday
after the world's largest maker of wireless networks warned its
third-quarter profit would fall well short of expectations due to lower
demand for mobile network upgrades in North America and Western Europe.
Futures Movers: Oil futures break $87 to reach fresh record-breaking
heights
SAN FRANCISCO
Crude-oil futures backed down from record highs early Tuesday, again
trading below $87 a barrel as investors locked in gains from a
blistering overnight run toward the $88 mark.
Ericsson shares shed 25% on profit warning as margins erode
LONDON
Shares in Ericsson AB lost more than a quarter of their value on Tuesday
after the world's largest maker of wireless networks warned its
third-quarter profit would fall well short of expectations due to lower
demand for mobile network upgrades in North America and Western Europe.
Monday, October 15, 2007
Forums:
中共十七大能解決什麼問題？
十七大召開與普通中國人有什麼關係？對中國的未來有何影響？ More...go to
http://www.bloglines.com/blog/johnDispatch
U.S. stocks close with losses as oil price rise fuels worries
DJIA
13,984
-108.28
S&P
1,548
-13.09
NASDAQ
2,780
-25.63
10Yr
4.67%
-0.014
U.S. stocks close with losses as oil price rise fuels worries
NEW YORK
U.S. stocks thudded lower Monday, with record oil prices catching
negative attention from investors also contending with a warning from
Citigroup Inc. that the credit crunch could harm fourth-quarter results
of the nation's largest bank.
Oil surges to close above record $86 a barrel on supply fears
SAN FRANCISCO
Crude-oil futures closed in uncharted territory Monday above $86 a
barrel, as the market continued to take momentum from supply concerns
due to risks to production in the Middle East and declines in U.S. crude
inventories.
CEO calls Citi's quarter 'disappointing' as net drops 57%
NEW YORK
Citigroup Inc. said Monday that profit for the third quarter fell 57%
after accounting for previously announced write-downs for bad loans and
other credit issues.
Banks' fund to aid credit markets seen as modest first step
WASHINGTON
A plan by big U.S. banks to create a special fund to help guarantee
liquidity in the commercial paper markets drew mixed responses Monday,
as its backers in the U.S. government said the proposal is a temporary
step to help markets get back on their feet.
Commodities Corner: China is zinc's key to price strength
HONG KONG
Zinc prices have been on a tear in the past few years and growth in
China has and will continue to be the key to the metal's strength.
Crude oil prices skyrocket $2.44 cents Monday to settle at a record high of $86.13 a barrel.
Crude oil prices skyrocket $2.44 cents Monday to settle at a record high
of $86.13 a barrel.
CEO calls Citi's quarter 'disappointing' as net drops 57%
DJIA
13,973
-119.66
S&P
1,549
-12.48
NASDAQ
2,784
-20.96
10Yr
4.68%
-0.008
CEO calls Citi's quarter 'disappointing' as net drops 57%
NEW YORK
Citigroup said Monday that third-quarter profit fell 57%, not as bad as
expected, as the nation's largest bank took a hit from this summer's
credit market crisis, though the firm's CFO said related issues in the
fixed income markets could affect the fourth quarter as well.
Banks to create credit-market cleanup fund
WASHINGTON
Bank of America, J.P. Morgan Chase & Co. and Citigroup said Monday
they've agreed to create a special fund to help guarantee liquidity in
the commercial-paper markets.
Futures Movers: Oil futures probing uncharted territory above $85
SAN FRANCISCO
Crude-oil futures advanced Monday into uncharted territory above $85 a
barrel, with the market continuing to find support from concern about
risks to production in the Middle East and declines in U.S. crude
supply.
Mattel's third-quarter profit slips 1%, stung in part by recalls
NEW YORK
Mattel Inc. on Monday reported a 1% decline in third-quarter profit, as
strength in the toy maker's international business wasn't enough to
offset a charge related to product recalls as well as weakness in the
U.S. market.
Danaher in deal to acquire Tektronix for $2.8 billion in cash
SAN FRANCISCO
Tektronix Inc. shares surged 33% on Monday after Danaher Corp. said it
has agreed to buy the world's second-biggest maker of test and measuring
equipment for $2.8 billion.
