Friday, December 28, 2007
Markets Friday, 12/28/2007
| Dow : 13365.87 up 6.26
| S & P : 1478.49 up 2.12
| NASDAQ: 2674.46 down 2.33
| Bond (10Y): 4.07%, 101.38
MARKETS:
Wall Street treads water ahead of New Year
Volatile week ends mixed as housing woes fuel more concerns about the
economy.
Crude ends down; natural gas gains after supplies drop
Crude ends down; natural gas gains after supplies drop
SAN FRANCISCO
A last-minute fall on Friday sent crude-oil futures down for the first
time in five sessions, as traders sold their positions to profit from a
week-long winning streak that sent crude prices near $98.
Genesco's shares jump after court ruling; Finish Line plunges
NEW YORK
Shares of athletic-shoe retailer Finish Line Inc. plunged Friday, wiping
out 84% of their value this year, after a Tennessee judge ordered the
company to complete its $1.5 billion purchase of shoe and hat shop
operator Genesco Inc.
Economic Report: U.S. new-home sales off 9%, more than forecast, in
November
Sales of new U.S. homes fell by a greater-than-expected 9% in November
to a seasonally adjusted annual rate of 647,000, the Commerce Department
reported Friday.
Financial Stocks: Bond insurers drop on Buffett's reinsurance plan
The battered bond insurance industry took another hit on Friday after
Warren Buffett's Berkshire Hathaway reportedly started a rival firm
targeting municipal issuers.
Market Snapshot: CORRECT: Stocks end slightly higher amid downbeat data
NEW YORK
Stocks finished a volatile trading session marginally higher on Friday,
as a report showing that new home sales fell to their lowest level in 12
years rekindled concerns about the U.S. economy and the housing crisis.
Crude on the rise for fifth day, nearing $98; natural gas gains
Crude on the rise for fifth day, nearing $98; natural gas gains
SAN FRANCISCO (MarketWatch) -- Crude-oil futures rose more than $1 to
approach $98 a barrel Friday, extending the benchmark contract's string
of gains into a fifth straight session and on track for a weekly gain of
more than $4.
Genesco's shares jump after court ruling; Finish Line plunges
NEW YORK
Shares of Genesco Inc. jumped Friday, gaining as a judge ruled that
executives of the shoe retailer -- target of a $1.5 billion buyout by
Finish Line Inc. -- didn't commit fraud during merger negotiations and
ordered Finish Line to complete the deal.
Economic Report: U.S. new-home sales off 9%, more than forecast, in
November
Sales of new U.S. homes fell by a greater-than-expected 9% in November
to a seasonally adjusted annual rate of 647,000, the Commerce Department
reported Friday.
Financial Stocks: Bond insurers drop on Buffett's reinsurance plan
LONDON
The battered bond insurance industry took another hit on Friday after
Warren Buffett's Berkshire Hathaway reportedly started a rival firm
targeting municipal issuers.
Market Snapshot: Stocks higher, but downbeat home sales report caps
gains
NEW YORK
Stocks were higher Friday, but a disappointing report on new home sales
for November capped gains and rekindled concerns about the U.S. economy
and the housing crisis.
Forums:
論壇：巴前總理貝﹒布托遇害
巴基斯坦人民黨領袖貝﹒布托在競選時遇刺身亡，巴基斯坦政局再現危機。請發表看法。More...go
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New home sales tumble 9%, well below forecasts, Dow Jones reports; lowest annual rate in more than 12 years.
New home sales tumble 9%, well below forecasts, Dow Jones reports;
lowest annual rate in more than 12 years.
Thursday, December 27, 2007
Markets Thursday, 12/27/2007
| Dow : 13359.61 down 192.08
| S & P : 1476.27 down 21.39
| NASDAQ: 2676.79 down 47.62
| Bond (10Y): 4.20%, 100.38
MARKETS:
Terror, economy sink stocks
Major indexes plummet after Bhutto's assassination stokes geopolitical
concerns and economic reports show weakness in domestic markets.
Bhutto assassination will likely rattle Pakistan's markets
Bhutto assassination will likely rattle Pakistan's markets
NEW YORK
The assassination of Pakistani opposition leader Benazir Bhutto will
likely rattle the country's equity markets, eroding confidence at least
in the short term in a market that's been one of the best performers in
Asia, observers said.
Market Snapshot: U.S. stocks fall on economic concerns, Bhutto death
U.S. stocks posted steep losses on Thursday, as the assassination of
former Pakistani Prime Minister Benazir Bhutto and largely disappointing
economic data hurt investor sentiment.
Pakistani opposition leader Bhutto killed in gun and bomb attack
Pakistani opposition leader and former prime minister Benazir Bhutto was
assassinated Thursday, throwing the nuclear-armed U.S. ally into crisis
and raising the specter of deeper instability in an already volatile
region.
Economic Report: U.S. consumer confidence gains in December, report
shows
U.S. consumer confidence rose in December due to an increase in
short-term expectations, though consumers "remain far from
optimistic," the Conference Board reported Thursday.
The Ratings Game: Citigroup seen cutting dividend 40% to address big
write-down
SAN FRANCISCO
Financial-services giant Citigroup Inc. may be forced to cut its
dividend by 40% due to write-downs now estimated at $18.7 billion in the
fourth quarter, analysts at Goldman Sachs say.
Bulletin: Major U.S. indexes close down more than 1% after Bhutto's assassination
BULLETIN
Major U.S. indexes close down more than 1% after Bhutto's assassination
U.S. stock losses deepen; market unsettled by Bhutto death
U.S. stock losses deepen; market unsettled by Bhutto death
NEW YORK
U.S. stocks accelerated their losses on Thursday, as news of the
assassination of former Pakistani Prime Minister Benazir Bhutto rattled
the market, overshadowing a mixed batch of economic data.
Pakistani opposition leader Bhutto killed in bombing: reports
NEW YORK
Pakistani opposition leader and former prime minister Benazir Bhutto was
killed following a suicide bombing that also killed at least 20 others
after a political rally in Rawalpindi, Pakistan, according to media
reports Thursday.
Economic Report: U.S. consumer confidence gains in December, report
shows
U.S. consumer confidence rose in December due to an increase in
short-term expectations, though consumers "remain far from
optimistic," the Conference Board reported Thursday.
Retail Stocks: Retail shares head lower; Wal-Mart finds gift card
issues
NEW YORK
Retail shares traded lower Thursday, tracking the broader markets, after
durable-goods data didn't rise as much as forecast.
Vital Signs: More vaccines, less disease, but kids feel like
pincushions
Young children receive far more vaccinations than they did even 20 years
ago, which has led to a drastic reduction in many vaccine-preventable
diseases in the United States.
December 27, 2007
Pre-open moves
U.S. stock futures slipped Thursday after statistics showed
durable-goods orders didn't rise as much as forecast, with reports of
the death of a leading Pakistan political figure also unsettling
markets.
Oil prices extend gains on larger inventory drop than expected.
Oil prices extend gains on larger inventory drop than expected.
Breaking News: Pakistan's Benazir Bhutto killed in suicide attack
Date: Thu, 27 Dec 2007 07:39:18 -0600
RAWALPINDI, Pakistan (AP); Pakistan opposition leader Benazir Bhutto was
assassinated Thursday in a suicide bombing that also killed at least 20
others at a campaign rally, a party aide and a military official said.
Wednesday, December 26, 2007
Markets Wednesday, 12/26/2007
| Dow : 13551.69 up 2.36
| S & P : 1497.66 up 1.21
| NASDAQ: 2724.41 up 10.91
| Bond (10Y): 4.28%, 99.75
MARKETS:
Markets close moderately higher
Major indexes move higher at the end of a lackluster session as troubled
bond insurer MBIA gets a cash boost. Technology stocks lead gainers.
CORRECT: Apple shares hit all-time high before pulling back
CORRECT: Apple shares hit all-time high before pulling back
Apple shares hit $200 for the first time in the company's history
Wednesday, fueled by strong sales of the company's Macintosh
computers, iPod media players and the recently released iPhone.
Retailers cling to post-holiday hopes
"Turn gift cards into great stuff," advertised Wal-Mart Stores Inc.
on its Web site. Macy's Inc. stores marked items 50% to 60% off in an
after-Christmas sale. Gap Inc. touts its new arrivals, in addition to up
to 40% off discounts on existing styles.
Crude ends higher on supply drop expectations, Turkish attack
SAN FRANCISCO
Crude-oil futures rose for a third day Wednesday, up nearly $2 a barrel
to end just shy of $96 on expectations U.S. crude inventories may have
fallen for a sixth week and on worries that Turkish air strikes inside
Iraq may cripple oil supplies from the Middle East.
Market Snapshot: U.S. stocks end marginally higher, led by Nasdaq
NEW YORK
Led by the Nasdaq Composite Index, U.S. stocks closed marginally higher
in thin trading on Wednesday, as concerns over holiday retail sales and
downbeat housing data capped gains.
Economic Report: U.S. home prices drop 6.1% year-over-year, Case-Shiller
finds
Home prices in 20 major U.S. cities were down 6.1% on average in the
past year as of October, according to the Case-Shiller price index
released Wednesday by Standard & Poor's.
Midday Report: U.S. stocks drop on mixed retail sales, Target warning
U.S. stocks drop on mixed retail sales, Target warning
NEW YORK
U.S. stocks declined in thin trading on Wednesday, as mixed retail
sales, a warning from Target and downbeat housing data soured investors'
mood.
Retail Stocks: Target warning leads a decline in retail shares
NEW YORK
Retail shares declined in the first day of trading post Christmas, led
by Target Corp. after the retailer warned sales might decline in
December.
Economic Report: U.S. home prices drop 6.1% year-over-year, Case-Shiller
finds
Home prices in 20 major U.S. cities were down 6.1% on average in the
past year as of October, according to the Case-Shiller price index
released Wednesday by Standard & Poor's.
Berkshire to pay $4.5 bln for 60% of Marmon, a Pritzker group
Berkshire Hathaway will purchase 60% of Marmon Holdings, an industrial
group owned by trusts benefiting members of the Pritzker family of
Chicago, for $4.5 billion, the companies said on Tuesday.
Toyota could end GM's more than 70-year run as top car maker
HONG KONG
Toyota Motor Corp. on Tuesday said it set its global sales target for
2008 at 9.85 million vehicles, up 5.2% from the 9.36 million it expects
to sell in 2007.
S&P home price survey shows record 6.7% decline from a year earlier in 10th consecutive monthly drop, AP reports.
S&P home price survey shows record 6.7% decline from a year earlier in
10th consecutive monthly drop, AP reports.
Tuesday, December 25, 2007
Markets Tuesday, 12/25/2007
| Dow : 13549.33 up 98.68
| S & P : 1496.45 up 11.99
| NASDAQ: 2713.50 up 21.51
| Bond (10Y): 4.21%, 100.25
MARKETS:
Short and sweet on Wall Street
Major indexes rise in a half-day session as investors send financial
stocks higher after Merrill Lynch announces a big capital boost.
BBC News
奧巴馬收回將禁止中國玩具進口承諾
一度表示當選後會禁止中國玩具進口的美國民主黨熱門總統參選人奧巴馬主動改口。
More...go to
http://www.bloglines.com/blog/johnDispatch
Markets Monday, 12/24/2007
| Dow : 13549.33 up 98.68
| S & P : 1496.45 up 11.99
| NASDAQ: 2713.50 up 21.51
| Bond (10Y): 4.21%, 100.25
MARKETS:
Short and sweet on Wall Street
Major indexes rise in a half-day session as investors send financial
stocks higher after Merrill Lynch announces a big capital boost.
