Market News Archive

Market News – Actively Trading Stocks On 9th January 2013

U.S. stocks were trading higher Wednesday, as the Dow Jones Industrial Average recently rose 48 points to 13376, the Standard & Poor’s 500-stock index gained 2.5 points to 1459, and the Nasdaq Composite rose 10 points to 3102. Among the companies with shares trading actively in Wednesday’s session are Clearwire Corp. (CLWR),

Apple Shares Surpass $700 and crosses key psychological barrier

Apple Inc.’s (AAPL) shares closed above $700 for the first time Tuesday after a record number of preorders for the new iPhone 5 hinted at strong demand for the company’s flagship smartphone this weekend. The Cupertino, Calif., company passed the intraday price milestone early Tuesday after its Monday news release reported more

Market News: Advanced Micro Devices Inc. (AMD), OCZ Technology Group Inc. (OCZ) and Oxigene Inc. (OXGN).

U.S. stocks closed lower Monday as the Dow Jones Industrial Average fell 40 points to 13553. The Standard & Poor’s 500-stock index shed 4.6 points to 1461, and the Nasdaq Composite was off 5.3 points to 3179. Among the companies with shares actively trading after hours are Advanced Micro Devices Inc. (AMD),

U.S. Jobless Claims Up by 2,000 Last Week

The number of U.S. workers filing applications for jobless benefits rose last week, though the overall trend for claims suggests that the labor market has improved slightly since early this summer. Initial jobless claims, an indication of layoffs, increased by 2,000 to a seasonally adjusted 366,000 in the week ended Aug. 11,

Market News: Cisco, Electronic Arts, NetApp, Dollar Tree…

Cisco Systems Inc. reported a jump in quarterly profit and said it would pay a bigger dividend, continuing the networking-equipment giant’s transformation from a fast-growing upstart to a more mature company. Shares climbed 7.2% to $18.62 in premarket trade. PetSmart’s shares surged after the retailer turned in a better-than-expected profit for its

Market News: Deutsche Bank, UBS, Google TV, Greece, AMR Crash Alert, IPO Market

Melancholy start to Q4. Greece’s admission that it will miss its budget-deficit targets roiled markets Monday as stocks kicked off Q4 on a sour note, with the S&P falling 2.85% to a 13-month low of 1,099.23, led by weakness in bank stocks. Morgan Stanley (MS) fell 7.6% and Bank of America (BAC)

Eastman Kodak Weighing Options Including A Bankruptcy Filing…

End of an era!! Eastman Kodak Co. (EK), the unprofitable 131-year-old camera maker, is weighing options including a bankruptcy filing because of concerns raised by possible bidders for its patent portfolio, said three people with direct knowledge of the process.  Some potential buyers of the patents are reluctant to proceed with bids

Market News: Eurozone Inflation, Morgan Stanley’s CDS, DOJ Into Chinese Books, Bofa Card Cost, Mortgage Rates, IBM Passes Microsoft

Eurozone inflation picks up. The EU’s statistics office estimates the eurozone’s inflation rate has risen to 3% in September – up from 2.5% in August, ahead of economist expectations for a 2.5% rate, and representing the largest increase in consumer prices since October 2008. The data makes it even less likely the

Market News: German Vote, Amazon Fire, Motorola deal, HP Hires Goldman, AMD trimmed, Short-sale ban, Eastman Kodak fading

Germany backs expanded ESFS. The German parliament approved increasing the size and flexibility of the ESFS. The winning margin in the Bundestag was a comfortable 523 to 85, while three members abstained. The vote marks an important victory for German Chancellor Angela Merkel, as she faces internal and external criticism over Germany’s

Market News: iPhone5, Greek fate, Housing market, Euro banks…

Risk on, then off, then on… Stocks surged Tuesday but gave back half of their gains in the final hour following reports of a split in the eurozone over terms of the next Greece bailout (more below). Treasury prices continued their slide, sending 10-year yields back to 2%. It was risk-on in