Friday, April 30, 2010
Americans spent at the fastest pace in three years during the first quarter, indicating they are becoming less dependent on government stimulus that’s waning as the world’s largest economy recovers.
Purchases by households rose at a 3.6 percent pace from January through March, exceeding the median forecast of economists surveyed by Bloomberg News, Commerce Department figures showed today. The increase helped the economy expand at a 3.2 percent annual rate, capping the best six-month performance since the second half of 2003.
Ccc about 150 points down
Thursday, April 29, 2010
U.S. stocks rallied, sending benchmark indexes up the most since at least March, as better- than-estimated earnings at companies from Motorola Inc. to Starwood Hotels & Resorts Worldwide Inc. showed the economy is strengthening.
aA 125 points up.
Wednesday, April 28, 2010
Friday, April 23, 2010
aaa = about 75 points up.
U.S. stocks advanced, wiping out losses spurred by the government’s lawsuit against Goldman Sachs Group Inc., as the biggest jump in new home sales in almost five decades bolstered optimism the economy is improving.
Thursday, April 22, 2010
Microsoft Corp., the world’s largest software maker, reported third-quarter revenue that missed analysts’ most optimistic predictions, a sign that corporate customers may be putting off computer purchases.
Sales rose 6.3 percent to $14.5 billion, compared with analysts’ estimates that were as high as $14.8 billion for the quarter that ended March 31. Shares fell in late trading.
Wednesday, April 21, 2010
Qualcomm Inc., the biggest maker of chips that run mobile phones, forecast sales and profit that fell short of analysts’ predictions, signaling consumers may be opting for handsets that are less profitable for the company. hart
Tuesday, April 20, 2010
Goldman Sachs Group Inc., facing a fraud lawsuit from U.S. regulators, reported that net income almost doubled in the first quarter and said it didn’t mislead investors.
“This all seems to be at root about whether someone intentionally misled someone, and that’s not something we would approve of or sanction,” Goldman Sachs Co-General Counsel Greg Palm told analysts on a conference call today. He spoke after the firm said earnings jumped 91 percent to $3.46 billion, or $5.59 a share, surpassing analysts’ estimates.
Monday, April 19, 2010
U.S. stocks rose, halting the biggest global slump since February, and Treasuries extended losses after two people with knowledge of the matter said regulators were split on suing Goldman Sachs Group Inc.
aaa =up around
Friday, April 16, 2010
Stocks and commodities tumbled, while the dollar and Treasuries gained, as Securities and Exchange Commission accusations of fraud against Goldman Sachs Group Inc. triggered a flight from riskier assets.
Cc : -125 points
Thursday, April 15, 2010
Manufacturers are charging ahead as sales and inventories grow, spearheading a U.S. economic recovery that shows scant signs of lifting labor markets.
Factory production climbed 0.9 percent after rising 0.2 percent in February, the Federal Reserve said today in Washington. Regional data indicated the gains extended into this month, while figures from the Labor Department showed unemployment claims climbed unexpectedly last week to the highest level in two months.
Wednesday, April 14, 2010
The Federal Reserve said the economy expanded “somewhat” across most of the U.S. in March as consumer spending and manufacturing improved, signaling the recovery is broadening without gaining much speed.
"A" 100 points up.
Tuesday, April 13, 2010
Intel Corp., the world’s biggest chipmaker, forecast second-quarter sales that topped analysts’ predictions, citing growing worldwide demand for personal computers.
Sales will be $10.2 billion, plus or minus $400 million, the company said today in its quarterly earnings statement. Analysts had estimated $9.72 billion on average, according to a Bloomberg survey.
Monday, April 12, 2010
Alcoa Inc., the largest U.S. aluminum producer, reported profit that topped analysts’ estimates as aluminum prices rose.
Earnings excluding certain items were 10 cents a share, exceeding the 9-cent average estimate of 17 analysts surveyed by Bloomberg. The net loss of $201 million, or 20 cents a share, narrowed from a net loss of $497 million, or 61 cents, a year earlier, New York-based Alcoa said today in a statement. Sales rose 18 percent to $4.89 billion.
Friday, April 9, 2010
U.S. stocks rose, sending the Dow Jones Industrial Average briefly above 11,000 for the first time since September 2008, as growth in wholesale inventories added to signs the economy is strengthening.
"aaa" about 75 points up.
Thursday, April 8, 2010
U.S. stocks halted a global slide as retailers rallied on better-than-estimated sales, while the euro reversed losses against the dollar as concern over a Greek default subsided. Treasuries fell after a $13 billion auction of 30-year bonds.
Wednesday, April 7, 2010
Thursday, April 1, 2010
"C" 70 points up
Stocks rose, driving the MSCI World Index to an 18-month high, commodities jumped and Treasuries fell as reports showed global manufacturing is strengthening.
The MSCI gauge of stocks in 23 developed nations climbed 1 percent at 4:15 p.m. in New York and the Standard & Poor’s 500 Index gained 0.7 percent. Both rose to the highest levels since September 2008. Oil settled at a 17-month high near $85 a barrel and gasoline, gold and copper gained. Currencies of commodity producing nations rallied, with the Canadian dollar and Brazilian real rising at least 0.7 percent against the dollar.