Wednesday, March 31, 2010
Research In Motion Ltd., maker of the BlackBerry, reported fourth-quarter sales and shipments that missed analysts’ estimates and said its profit margin will shrink this period. The shares slid 11 percent in late trading.
"a" = drop about 50 points.
Tuesday, March 30, 2010
Consumers in the U.S. gained confidence in March as the gloom over job prospects began to lift, indicating employment will be central to preserving the recent acceleration in spending.
The Conference Board’s confidence index rose to 52.5, exceeding the median forecast of economists surveyed by Bloomberg News, from 46.4 in February, according to figures today from the New York research group. Home prices unexpectedly rose in January for an eighth month, data also showed.
Monday, March 29, 2010
Stocks and commodities gained as the dollar and the yen fell against the euro as signs of economic recovery sparked demand for higher-yielding assets. Oil rose the most in more than five weeks.
The Standard & Poor’s 500 Index rose 0.6 percent at 4:12 p.m. in New York to extend its gain since Dec. 31 to 5.2 percent, poised for its best first quarter since 1998. The MSCI World Index of 23 developed nations’ stocks climbed for a third day, advancing 0.6 percent, and the MSCI Emerging Markets Index increased 1.2 percent. The S&P/GSCI Index of commodities rose 2.3 percent, the most since Feb. 16. Crude rallied 2.7 percent.
"a" stock up about 50 points
Friday, March 26, 2010
RadioShack Corp. jumped 8.5 percent on a report that the electronics chain is considering a sale of the company. Apple Inc., Progressive Corp., Urban Outfitters Inc. and SLM Corp. advanced after analysts either raised price targets or lifted their ratings on the shares. Benchmark indexes retreated from their highs of the day after an explosion sank a South Korean navy ship near a disputed border with North Korea.
Thursday, March 25, 2010
The euro traded near a 10-month low versus the dollar after European Central Bank President Jean- Claude Trichet said that aid for a euro-area nation from any outside group such as the International Monetary Fund is “very, very bad.”
Wednesday, March 24, 2010
Treasuries, the euro, stocks and commodities slid as a downgrade of Portugal’s debt and weaker- than-forecast demand in a U.S. bond auction added to concern governments will struggle to fund swelling deficits.
"a-" around 50 points down.
Tuesday, March 23, 2010
Stocks rallied Tuesday, with the Dow, Nasdaq and S&P 500 ending at new 18-month highs following the release of a better-than-expected existing home sales report that suggests a slow economic rebound.
The Dow Jones industrial average (INDU) rose 103 points, or 1%, according to early tallies, ending at 10,888.83, the highest close since 11,143.13 on Sept. 26, 2008.
"A" UP 100 Point srange.
Monday, March 22, 2010
U.S. stocks rose and the dollar erased gains, helping commodities reverse losses, as a rally in drug and technology shares overshadowed concern higher interest rates and swelling public debt will stifle the global recovery.
Friday, March 19, 2010
Exxon Mobil Corp. and Dow Chemical Co. dragged energy and raw-material producers to the biggest losses in the Standard & Poor’s 500 Index as oil fell below $80 a barrel. Financial shares dropped after Goldman Sachs Group Inc. cut estimates for banks and brokerages. Palm Inc. plunged 29 percent after forecasting sales that trailed analysts’ estimates and Canaccord Financial Inc. cut its share-price estimate to zero.
Thursday, March 18, 2010
Performance since monday -o-a-a-a.
The U.S. economy will keep expanding without a pickup in inflation that would require the Federal Reserve to raise interest rates, reports today indicated.
Consumer prices were unchanged in February, the first time they didn’t increase since March 2009, Labor Department figures showed today in Washington. The index of leading indicators rose 0.1 percent last month, the 11th straight gain, according to the Conference Board, a New York research group.
Wednesday, March 17, 2010
Stocks rose, sending the Dow Jones Industrial Average to a 17-month high, and commodities rallied as a drop in U.S. producer prices underscored the Federal Reserve’s assessment that inflation is not a threat to low interest rates. The yen and the dollar weakened.
The Dow average increased 52.15 points, or 0.5 percent, to 10The Dow Jones industrial average (INDU) added 44 points, or 0.4%, rising as high as 10,767.98 and surpassing the 2010 closing high of 10,725.43 hit on Jan. 19. Should the Dow close above that level, it would be at an almost 18-month peak.,738.13 at 2:55 p.m.
Perfomance since monday o-a-a.
Tuesday, March 16, 2010
Federal Reserve officials repeated their pledge to keep the main interest rate near zero for an “extended period” and confirmed that emergency measures to prop up the housing market will end as planned this month.
"a" = uparound 50 points.
Monday, March 15, 2010
Friday, March 12, 2010
Americans braved blizzards and overcame job concerns to propel retail sales in February, pointing to a broadening in growth that will help sustain the expansion.
Purchases unexpectedly climbed 0.3 percent, the fourth gain in the past five months, Commerce Department figures showed today in Washington. Another report showing consumer sentiment dropped in March for the second consecutive month represented a risk to the improvement in sales.
Thursday, March 11, 2010
Wednesday, March 10, 2010
U.S. stocks rose as a drop in wholesale inventories and improvement in the corporate bond market added to signs the economy is strengthening, overshadowing concern China will raise interest rates.
Tuesday, March 9, 2010
Apollo Management LP agreed to buy Citigroup Inc.’s real estate investment unit, according to a person with knowledge of the deal.
The purchase of Citi Property Investors will more than triple New York-based Apollo’s real estate assets, said the person, who asked not to be named because the negotiations are private. The portfolio includes 65 investments in 26 countries with a net asset value of $3.5 billion, the person said
Monday, March 8, 2010
Friday, March 5, 2010
Borrowing by U.S. consumers unexpectedly rose in January for the first time in a year, led by auto and student loans, a sign Americans are gaining confidence in the economy.
Consumer credit increased $5 billion, or 2.4 percent at an annual rate, the Federal Reserve said today in Washington. Borrowing dropped $4.6 billion in December, more than first estimated. The figures track credit card debt and non-revolving loans, including those for automobile purchases.