Tue, 19/10/2010 - 07:25 by Prince damin
New York -- Crude oil prices started the week making gains on the New York Mercantile Exchange, as prices solidified at a new plateau above $83 per barrel.
November delivery light, sweet crude added $2.17 to reach $83.63 per barrel, as the dollar index slide 0.09 percent.
Last week, oil ministers from the OPEC cartel met in Vienna, electing to keep production steady, citing the uncertainty of the global economic recovery. In its latest prediction, OPEC said demand would rise by 100,000 barrels per day in 2010 to 1.1 million barrels a day, enough to jar prices from a previous plateau of about $76 per barrel.
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Sun, 26/09/2010 - 13:06 by John Rosevear
The mid-month auto-sales predictions from industry-watchers Edmunds and TrueCar don't usually get everything right, but more often than not they're directionally accurate. In other words, even if the numbers don't match up once all the sales are tallied, they tend to give us early notice on emerging trends. |
Tue, 14/09/2010 - 04:57 by Prince damin
New York -- U.S. markets rose to start the week Monday and gains were made in Asia and Europe.
Equities have defied dour predictions made in August when they were on a downswing.
In early afternoon trading, the Dow Jones industrial average added 53.81 points, 0.51 percent, to 10,516.58. The Standard & Poor's 500 index rose 0.86 percent, 9.55, to 1,119.10. The Nasdaq composite index added 1.52 percent, 34.05, to 2,276.54.
The benchmark 10-year Treasury note gained 10/32 to yield 2.759 percent.
The euro rose to $1.2877 compared to Friday's $1.2711. Against the yen, the dollar fell to 83.56 yen from Friday's 84.20 yen.
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Fri, 10/09/2010 - 01:08 by Prince damin
New York -- U.S. markets added to recent gains Thursday after the Department of Labor said 27,000 fewer first-time jobless claims were filed last week.
The weekly employment report took economists by surprise. The consensus forecast was for claims to drop by only 2,000.
The new four-week rolling average for claims came to 477,750, down 9,250 from the week prior.
In early afternoon trading, the Dow Jones industrial average added 23.69 points, 0.23 percent, to 10,410.70. The Standard & Poor's 500 index gained 0.49 percent, 5.33 points, to 1,104.20. The Nasdaq composite index rose 0.43 percent, 9.63 points, to 2,238.50.
The benchmark 10-year Treasury note fell 24/32 to yield 2.739 percent.
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Sat, 28/08/2010 - 00:06 by Prince damin
New York -- Crude oil prices added 2 cents in overnight trading on the New York Mercantile Exchange to $73.38 per barrel amid concerns of a double-dip recession.
U.S. stock markets faltered Wednesday, losing early gains despite a drop in first-time unemployment claims. Commodity traders on Friday are likely waiting from word from Wyoming on which direction Federal Reserve monetary policy will take as Fed Chairman Ben Bernanke is to speak at the central bank's annual retreat.
Heating oil for October added 0.0014 cents to $2.025 per gallon. Reformulated blendstock gasoline also gained 0.0014 cents, reaching $1.87 per gallon. Henry Hub natural gas rose 0.009 cents to $3.852 per million British thermal units.
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Thu, 26/08/2010 - 21:53 by Prince damin
New York -- U.S. markets made modest gains Thursday morning after the Labor Department said first-time unemployment claims fell sharply in the latest weekly report.
The department said there were 31,000 fewer initial claims filed in the week ending Aug. 21, although the four-week rolling average moved up by 3,250 claims to 486,750.
In midmorning trading, the Dow Jones industrial average added 19.37 points, 0.19 percent, to 10,079.43. The Standard & Poor's 500 index rose 0.37 percent, 3.95, to 1,059.28. The Nasdaq composite index rose 0.29 percent, 6.23, to 2,147.77.
The benchmark 10-year Treasury note rose 3/32 to yield 2.529 percent.
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Thu, 19/08/2010 - 12:23 by Rakhi
New York -- U.S. markets finished higher Wednesday as crude oil prices closed above $75 a barrel.
Energy companies led a retreat early from Tuesday's market gains of more than 1 percent as an American Petroleum Institute report showed oil prices slipped to near five-week lows on higher inventories, but rebounded after a government report said crude oil supplies actually declined slightly.
At the close, the Dow Jones industrial average added 9.69 points, 0.09 percent, to 10,415.54. The S&P 500 rose 1.62 points, 0.15 percent, to 1,094.16. The Nasdaq composite index was up 0.26 percent, 6.26 points, to 2,215.70.
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Mon, 09/08/2010 - 23:19 by Prince damin
New York -- The economic recovery has done well by U.S. corporations, but the gains have not seeped into the labor market, records show.
The St. Louise Federal Reserve said first quarter corporate profits hit a record of $1.37 trillion, The Washington Post reported Monday.
Businesses, which have increased their spending 20 percent in the second quarter, are also holding onto $2 trillion in cash, the newspaper said.
However, ""If you're running a business, you can't start hiring on speculation. You have to wait until you see market signals that things are getting better.
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Tue, 03/08/2010 - 02:26 by Prince damin
London -- Growth in British manufacturing continued, but at a slower pace in July, compared to June, a research group said Monday.
The Chartered Institute of Purchasing & Supply, which tracks Britain's Purchasing Manager's Index, said the PMI for July was 57.3, a drop from June's 57.6, but still in positive territory. Numbers above 50 indicate growth.
July showed the slowest growth rate of the past five months, however, "both production and new work received in July … encouraged manufacturers to raise employment for the fourth consecutive month," the report said.
Production grew for the 14th consecutive month, but "the rate of expansion was the weakest so far in 2010," the report said.
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Sat, 24/07/2010 - 12:55 by Rick Aristotle ...
There sure are a lot of companies hitting new highs lately.
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Wed, 07/07/2010 - 11:15 by Pankaj Damin
New York -- U.S. markets clung to early gains Tuesday as the Agricultural Bank of China raised more than $19 billion in its initial public offering.
After an early burst of buying, gains melted away, as the Dow Jones industrial average rose to 9,841.63 early, up 152 points, before losing ground.
Most Dow components were still ahead in early afternoon trading, but shares of Home Depot Inc. fell 1.19 percent, while Verizon Communication shares dropped 0.8 percent.
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Tue, 22/06/2010 - 10:19 by Pankaj Damin
New York -- A U.S. market rally prompted by movement in the Chinese yuan faltered Monday, despite strong gains in Asia and modest gains in Europe.
The People's Bank of China said Saturday it would allow limited flexibility in the Chinese currency, which many analysts say is undervalued, keeping Chinese exports cheap overseas. The yuan had been pegged to the U.S. dollar since the beginning of the financial crisis in 2008.
Companies with a presence in China, such as Caterpillar Inc., expect to make gains if the yuan appreciates, but the firm followed the general trend, up 3.4 percent early and closing up only 0.33 percent.
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