Friday, May 16, 2008
Markets Friday, 05/16/2008
| Dow : 12986.80 down 5.86
| S & P : 1425.35 up 1.78
| NASDAQ: 2528.85 down 4.88
| Bond (10Y): 3.84%, 100.56
MARKETS:
Stocks recover poise after earlier slip
Wall Street erases most of the day's losses as investors consider a rise
in commodity prices and a stronger-than-expected housing market report.
U.S. stocks end lower but book solid weekly gains
U.S. stocks end lower but book solid weekly gains
U.S. stocks remain on track for Friday losses but full-week gains, as
crude-oil prices probe another record high and persistently weak
consumer confidence overshadow a surprising rise in April home
construction.
Transportation Dept. proposes slot auctions at JFK, Newark
The U.S. Transportation Department is proposing to require carriers to
auction off some of their existing takeoff and departure slots at two
major airports in an effort to relieve chronic air-traffic congestion in
the New York area.
Commodities Corner: Cheap oil may be history as $100 becomes the new
norm
The oil market hasn't had a lot of time to get used to triple-digit
prices, let alone the idea that $100 a barrel just might be a new price
floor and the concept that cheap oil is a thing of the past.
Economic Report: April housing starts surge on condo construction
U.S. home builders broke ground on 8.2% more homes in April, led by a
36% increase in multi-family units, the Commerce Department estimates.
Race would be Clinton's in winner-take-all format
The question gets asked from time to time: why don't Democrats abandon
their presidential selection process for a more decisive -- and swifter
-- winner-take-all system? And it's probably something Hillary Clinton
is asking right now, because under such a system, the Democratic
nomination probably would be hers now.
Nasdaq paces weekly advance, up 3.4%; S&P is Friday session's lone gainer
Nasdaq paces weekly advance, up 3.4%; S&P is Friday session's lone
gainer
5/16/2008 4:10:18 PM
Stocks close mixed after 4 straight up days as surging oil prices and a weak consumer sentiment report keep investors at bay.
Stocks close mixed after 4 straight up days as surging oil prices and a
weak consumer sentiment report keep investors at bay.
Crude oil settles over $126 a barrel for the first time as geopolitical events sent prices on wild swings.
Crude oil settles over $126 a barrel for the first time as geopolitical
events sent prices on wild swings.
AP reports Energy Department will cancel shipments to government reserves in August. Oil prices fall below $126.
AP reports Energy Department will cancel shipments to government
reserves in July. Oil prices fall below $126.
Correction: Energy Department will cancel oil shipments to government reserves in July, not August.
Correction: Energy Department will cancel oil shipments to government
reserves in July, not August.
.S. Energy Department says it will cancel oil shipments to government reserves beginning in August, AP reports.
U.S. Energy Department says it will cancel oil shipments to government
reserves beginning in August, AP reports.
Treasury Secretary Paulson says he expects 'faster pace of growth' by the end of the year, despite housing market challenges.
Treasury Secretary Paulson says he expects 'faster pace of growth' by
the end of the year, despite housing market challenges.
U.S. consumer sentiment at lowest level since 1980
U.S. consumer sentiment at lowest level since 1980
5/16/2008 10:01:33 AM
GE confirms it's considering sale of appliance business
GE confirms it's considering sale of appliance business
5/16/2008 8:38:49 AM
U.S. housing starts jump 8.2% in April, much higher than anticipated
U.S. housing starts jump 8.2% in April, much higher than anticipated
5/16/2008 8:31:09 AM
Stocks open mixed as investors consider soaring oil prices and a better-than-expected housing report.
Stocks open mixed as investors consider soaring oil prices and a
better-than-expected housing report.
Thursday, May 15, 2008
Markets Thursday, 05/15/2008
| Dow : 12992.66 up 94.28
| S & P : 1423.57 up 14.91
| NASDAQ: 2533.73 up 37.03
| Bond (10Y): 3.84%, 99.81
MARKETS:
Stocks surge on tech advance
Wall Street advances as investors weigh fluctuating oil prices, mixed
economic news, corporate deals and speculation.
U.S. stocks rise on activity on deal-making front
U.S. stocks rise on activity on deal-making front
U.S. stocks shift higher as deal-making in the online media space
bolsters expectations of more merger activity, helping investors shrug
off rising energy costs and a slew of economic reports.
Icahn plans to take on Yahoo and replace board
Wealthy investor activist Carl Icahn is launching a proxy fight to
replace the board of Yahoo, saying the Net bellwether acted
'irrationally' in rejecting a buyout offer from Microsoft recently.
Oil futures end slightly lower as natural gas prices drop 2%
Crude-oil futures turn lower, retreating from an earlier climb of as
much as $2 a barrel, as a bigger-than-expected climb in U.S. natural gas
supplies pushes prices for natural gas to their lowest level in more
than a week.
CBS to buy CNet Networks for $1.8 billion
CBS will buy CNet Networks Inc. at a 45% premium, as the TV broadcasting
giant moves to tap into the Internet to grow its business.
Icahn plans to take on Yahoo board
Icahn plans to take on Yahoo board
Wealthy investor activist Carl Icahn says he plans to launch a proxy
fight to replace the board of Yahoo, saying the Net bellwether acted
'irrationally' in rejecting a buyout offer from Microsoft recently.
CBS to buy CNet Networks for $1.8 billion
CBS will buy CNet Networks Inc. at a 45% premium, as the TV broadcasting
giant moves to tap into the Internet to grow its business.
Charlotte dethrones Asheville, N.C., as best place to live
Apparently, there's just something about North Carolina. For the second
year in a row, America's best city in which to live lies within its
borders, according to Relocate-America.com's annual list.
French, German economies accelerated growth in first quarter
France and Germany showed no signs of an economic slowdown in the first
three months of the year, with growth in gross domestic product
accelerating in the euro-zone's two largest countries, according to data
released Thursday.
IntercontinentalExchange trading platform is down, ICE exec confirms
IntercontinentalExchange trading platform is down, ICE exec confirms
5/15/2008 11:00:16 AM
Stocks tiptoe lower at the open as investors analyze the latest readings on unemployment and manufacturing.
Stocks tiptoe lower at the open as investors analyze the latest readings
on unemployment and manufacturing.
Icahn seeks FTC antitrust clearance to buy $2.5 billion Yahoo stock, pushes Microsoft deal
Icahn seeks FTC antitrust clearance to buy $2.5 billion Yahoo stock,
pushes Microsoft deal
5/15/2008 8:52:33 AM
Wednesday, May 14, 2008
Markets Wednesday, 05/14/2008
| Dow : 12898.38 up 66.20
| S & P : 1408.66 up 5.62
| NASDAQ: 2496.70 up 1.58
| Bond (10Y): 3.91%, 99.81
MARKETS:
Stocks manage slim gains
Wall Street closes off session highs as relief about mild inflation
report peters out.
U.S. stocks close ahead as data points to tame inflation
U.S. stocks close ahead as data points to tame inflation
U.S. stocks rallyafter April data calm worries about inflation, helping
lift financial and consumer discretionary stocks, and Freddie Mac
reports smaller losses than expected, offsetting credit-market jitters.
MarketWatch First Take: Whole Foods reality check
Whole Foods is up against some serious macroeconomics. Like Starbucks,
the high-end purveyor of organic foods with the killer cheese counter
has seen growth in its same-store sales slowly erode as it taps out its
core market of customers.
Economic Report: Consumer inflation tame in April
Growth in U.S. consumer prices moderates in April, up 0.2%, with
decelerating energy prices offsetting rising food prices. Labor
Department data show growth in food prices rising at the sharpest rate
in 18 years.
Analysts cast doubts on Icahn's reported Yahoo move
SAN FRANCISCO
Some Wall Street analysts are expressing doubt that billionaire activist
investor Carl Icahn would be successful in putting Yahoo back into
merger talks with Microsoft if he decides to mount a proxy battle for
control of the Web portal's board.
Election Notebook: Look for Clinton to exit after last primary,
strategists say
Her overwhelming victory in West Virginia notwithstanding, Hillary
Clinton will likely exit the Democratic race shortly after Montana and
South Dakota voters go to the polls on June 3.
The consumer price index, a key inflation gauge, rose 0.2% in April - less than expected - despite surging food prices.
The consumer price index, a key inflation gauge, rose 0.2% in April -
less than expected - despite surging food prices.
U.S. food prices rise 0.9% -- their largest monthly increase in 18 years
U.S. food prices rise 0.9% -- their largest monthly increase in 18
years
5/14/2008 8:33:39 AM
Stocks edge up at the open as Wall Street parses a CPI report showing inflation grew at a slower than expected pace.
Stocks edge up at the open as Wall Street parses a CPI report showing
inflation grew at a slower than expected pace.
Tuesday, May 13, 2008
Markets Tuesday, 05/13/2008
| Dow : 12832.18 down 44.13
| S & P : 1403.04 down 0.54
| NASDAQ: 2495.12 up 6.63
| Bond (10Y): 3.92%, 99.63
MARKETS:
Stocks end mixed on record oil prices
Wall Street slips just a bit as investors weigh oil's record price, the
stronger dollar and the Fed's upbeat statements about economy.
U.S. stocks end mostly off with financials weighing
U.S. stocks end mostly off with financials weighing
U.S. stocks try but mostly fail to reverse course on an earlier slide,
with only the tech-heavy Nasdaq Composite Index remaining higher,
following a report that Carl Icahn might try to take over the board of
Yahoo.
Toll Brothers CEO says home buyers remain on the sidelines
The chief executive of Toll Brothers, the nation's largest builder of
luxury homes, says buyers didn't materialize this spring as sales and
prices continued to plunge in the company's latest quarter.
Food Futures: Wheat falls for third day on rising output expectations
Wheat futures fall for a third day on expectations that next year's
world wheat production will rise to a record.
Hewlett-Packard to buy EDS for $13.9B to create IT giant
Hewlett-Packard Co. will buy information-technology giant for $13.9
billion in a deal that will significantly expand its services business
and help it challenge IBM.
The Fed: Inflation has peaked, Fed's Yellen says
Seeking to ease fears that rising oil and food prices will spark an
inflation brushfire, San Francisco Fed President Janet Yellen says
prices have probably peaked.
Wall Street ends mixed with the Dow edging barely lower, Nasdaq inching higher and the S&P close to breakeven.
Wall Street ends mixed with the Dow edging barely lower, Nasdaq inching
higher and the S&P close to breakeven.
U.S. stocks slide after early flood of economic data
U.S. stocks slide after early flood of economic data
NEW YORK
U.S. stocks struggle in mixed action after the government said soaring
fuel prices did not prevent consumers from shopping as much as
expected.
The Fed: Financial markets 'still far from normal,' Fed's Bernanke says
Despite some signs of improvement, Federal Reserve Chairman Ben Bernanke
says financial markets remain severely stressed.
Hewlett-Packard to buy EDS for $13.9B to create IT giant
Hewlett-Packard Co. will buy information-technology giant for $13.9
billion in a deal that will significantly expand its services business
and help it challenge IBM.
Economic Report: U.S. retail sales drop; April weakness is concentrated
in autos
U.S. retail sales fall for the third time in the past five months in
April, led by a big decline in auto sales. But the overall drop of 0.2%
isn't as much as many recession-minded economists had been looking for.
Wal-Mart net rises 6.9%, but company cautions uncertain outlooks
Wal-Mart Stores Inc., the world's largest retailer and discounter, says
its first-quarter profit rose 7%, driven by international growth and
penny-pinching U.S. consumers seeking value.
Home prices dropped 7.7% in 1st quarter, marking the largest year-over-year decline since 1982, Realtors' group says.
Home prices dropped 7.7% in 1st quarter, marking the largest
year-over-year decline since 1982, Realtors' group says.
Retail sales in April dropped 0.2%, Dow Jones reports. Excluding auto sales, they rose 0.5%, well-above expectations.
Retail sales in April dropped 0.2%, Dow Jones reports. Excluding auto
sales, they rose 0.5%, well-above expectations.
Stocks open higher after better-than-expected retail sales and somewhat calming words from Fed chief Bernanke about the economy.
Stocks open higher after better-than-expected retail sales and somewhat
calming words from Fed chief Bernanke about the economy.
Monday, May 12, 2008
Markets Monday, 05/12/2008
| Dow : 12876.31 up 130.43
| S & P : 1403.58 up 15.30
| NASDAQ: 2488.49 up 42.97
| Bond (10Y): 3.79%, 100.66
MARKETS:
Stocks stage recovery
Wall Street gains as investors eye falling commodity prices and scoop up
equities after last week's decline.
H-P in talks to acquire EDS; deal could be worth up to $13B
H-P in talks to acquire EDS; deal could be worth up to $13B
SAN FRANCISCO (MarketWatch) – Hewlett-Packard Co. confirmed Monday
that it is in "advanced discussions" to acquire technology services
giant Electronic Data Systems Corp. The deal could be wroth up to $13
billion, according to a report in the Wall Street Journal.
Chinese authorities push up death toll from Sichuan quake
China is reeling from its most severe earthquake in more than 30 years,
with authorities ratcheting up the death toll in the hours after the
quake hit the Sichuan province to more than 8,500, at last count.
Market Snapshot: U.S. stocks pull solidly higher amid reports of HP deal
for EDS
U.S. stocks step firmly higher, gaining on news that bond insurer MBIA
revised its first-quarter earnings report to show positive revenue, and
with investors also taking heart from oil coming off record highs.
RIM shares hit all-time high on launch of 3G BlackBerry
Research in Motion unveiled its first 3G version of its popular
BlackBerry device Monday, following weeks of speculation about how the
mobile-phone maker would broaden its product line to compete against a
potential onslaught from the iPhone.
Overseas growth, value-hunting to lift Wal-Mart: analysts
International growth and penny-pinching U.S. consumers seeking value are
expected to help bolster first-quarter results at the world's largest
retailer and discounter.
Stocks surge, after last week's decline, as investors focus on the rising dollar and shrug off lukewarm corporate news.
Stocks surge, after last week's decline, as investors focus on the
rising dollar and shrug off lukewarm corporate news.
U.S. stocks pull solidly higher as oil retreats from highs
U.S. stocks pull solidly higher as oil retreats from highs
U.S. stocks step firmly higher, with investors heartened by gains in the
dollar and as oil retreats from record highs, helping offset a profit
warning from FedEx Corp. .
7.8-magnitude quake in China's Sichuan kills thousands
An earthquake measuring 7.8 on the Richter scale hit China's southwest
Sichuan province Monday afternoon, killing up to 5,000 people, according
to Chinese news reports.
Research in Motion launches first 3G BlackBerry
Research in Motion unveiled its first 3G version of its popular
BlackBerry device Monday, following weeks of speculation about how the
mobile-phone maker would broaden its product line to compete against a
potential onslaught from the iPhone.
Metals Stocks: Gold futures fall, pressured by dollar gains
Gold futures sink toward $880 an ounce, pressured by strength in the
dollar and by declining crude-oil prices.
