Market Breaking News 04042012

1. Yahoo to Cut 2,000 Jobs, 14% of Work Force, in Cost-Cutting Move.

2. Stocks opened sharply lower Wednesday as disappointment over the Fed's toned down assessment of a need for further stimulus and ongoing worries over the euro zone overshadowed a better-than-expected ADP jobs report.

All 30 Dow components opened in negative territory, led by Alcoa and JPMorgan. 

3 .Stocks added to their sharp losses Wednesday as disappointment over the Fed's latest minutes and ongoing worries over the euro zone overshadowed a better-than-expected ADP jobs report.

BofA led the Dow decliners. 

4. Delta Airlines is considering buying a ConocoPhillips refinery for more than $100 million as a way to lower its jet-fuel costs. The refinery, located outside of Philadelphia, would be purchased by Delta’s subsidiary Monroe Energy.

5 .Ford raised its 2012 forecast for auto sales, citing a solid first quarter. The company now expects the U.S. auto industry to report sales between 14.5 million and 15 million vehicles, up from the prior range of 13.5 million to 14.5 million.

6 .Stocks clawed back from earlier losses Wednesday, but still ended in negative territory for a second day, fueled by disappointment over the Fed's latest minutes and ongoing worries over the euro zone.

The Dow and the S&P logged their biggest decline since March 6, while the Nasdaq posted its worst day of the year. 

Market Breaking News

1. Stocks were modestly higher in a choppy session Thursday after a better-than-expected jobless claims report, successful bond auctions in Europe and earnings from Bank of America.

BofA led the Dow gainers, while Pfizer slipped.

2. Stocks finished modestly higher Thursday, posting a three-day rally, thanks to a better-than-expected jobless claims report and as financials rallied following BofA's earnings report. Still, gains were largely muted throughout the session as investors hesitated to jump in following the recent run-up in stocks.

BofA led the Dow gainers, while Pfizer finished lower.

3. Google delivers mixed results, with earnings of $9.50 a share on revenue of $8.13 billion; shares skid  

4. Earnings from Microsoft, Intel and IBM beat analysts’ expectations, while Google fell short.

Market Breaking News 13/01/12

1. Jobless Claims Rise More than Expected, Up by 24,000 to 399,000; Retail Sales Disappoint, Up 0.1%.

2. Stocks edged higher at the open Thursday as some successful bond auctions in Europe helped offset a handful of disappointing jobs and retail reports.

Alcoa led the Dow gainers, while Chevron lagged.

BofA traded near $7 at the open. 

3. Stocks came off their worst levels Tuesday but were still mixed after a handful of weak economic reports limited gains.

Chevron led the blue-chip laggards, while Alcoa rallied. 

4. Stocks closed higher in thin trading Thursday, led by strength in materials and industrials, erasing losses after several weak economic reports from earlier in the session. 

Market Breaking News

1. Stocks soared at the open on the first trading day of the New Year after a manufacturing report from China lifted optimism about the global economy.

Alcoa and BofA led the Dow 30 gainers, while P&G was the only stock trading lower.

2. Stocks kicked off the first trading day of the New Year with a bang, adding to sharp gains following better-than-expected manufacturing and construction reports.

All S&P sectors were trading higher, except utilities. 

3. tocks eased off their highs in the final minutes of trading, but still finished the first trading day of 2012 with a bang, as Wall Street cheered a handful of better-than-expected economic reports from around the world.  

Alcoa led the blue-chip gainers, while McDonald’s slipped. 

Market breaking news 28/12/11

1. Stocks fluctuated at the open Wednesday even after two successful Italian bond auctions, as investors remained on the sidelines amid what is expected to be a light news week.

Home Depot gained, while BofA slipped on the blue-chip index.

2. Stocks were trading near session lows Wednesday as the euro fell despite two successful Italian bond auctions and as investors remained on the sidelines amid what is expected to be a light news week.

All 10 S&P sectors were lower, led by materials. 

3. Stocks finished near their worst levels Wednesday, with the S&P falling into negative territory for the year, as the euro tumbled and investors remained on the sidelines amid what is expected to be a light news week.

All 30 Dow components ended lower, led by BofA and Alcoa. 

Market breaking news 19/12/11

1. Stocks Open Higher Despite Troubles in Europe, Asia; Defensive Stocks Leading.


2. Homebuilders See Surge in Potential Buyers, With Home Builders Index Rising for Third Straight Month to 21.

3. Stocks Close Lower as Banks Get Hammered; BofA Below $5.

Market breaking news 15/12/11

1.Stocks Fall as Euro Slides Against Dollar; Energy, Financials Drop.

2. Fitch downgraded its credit ratings on five major European commercial banks and banking groups as part of a broader review of its ratings on the largest banks in the world.


3. FedEx Posts $1.57 EPS vs $1.52 Estimated.


4. Jobless Claims Fall Much More than Expected, Down 19,000 to 366,000; PPI Rises 0.3% in November; Empire State Index at 9.53.

5.Production Falls 0.2%, Estimates Saw Slight Gain .


6. Stocks Open Higher on Economic Hopes; Energy, Financials, Industrials and Materials Lead the Way

7. Philly Fed Index Rises to 10.3, Highest Level Since April 2011.

8.BlackBerry maker Research In Motion delivered quarterly earnings of $1.27 a share on revenue of $5.22 billion. Earnings beat expectations but revenue missed slightly and the company’s outlook was weak.

9.The IPO of social-network game maker Zynga priced at $10 a share, at the top of the expected range of $8.50 to $10.

 

10.Stocks Close Positive But Rally Loses Steam; Defensives Up, Tech and Energy Down.

 

Market breaking news 13/12/11

1. Retail Sales Rose Less than Expected, Up 0.2% in November

 

2.The Federal Reserve repeated its pledge to keep interest rates low through the middle of 2013. Click here to see how markets reacted:

 

http://www.cnbc.com/id/15839121

3. Stocks Open Higher as Financials Rebound

4. Data on sales of previously-owned homes are going to be revised downward back to 2007 due to double counting, the National Association of Realtors said.

Market breaking news 9/12/11

1. U.S. October Trade Deficit at $43.47 Billion, a Bit Lower Than Estimates.

2. Stocks edged higher at the open Friday after the euro zone agreed to take a big step forward 

in economic integration, but failed to deliver a convincing answer to investors worried about 

its ability to tackle threatening debt crises in Italy and Spain.

3. Stocks rallied Friday as Wall Street cheered a better-than-expected consumer sentiment 

and after the euro zone agreed to take a big step forward in economic integration. 

All major averages are poised to log a gain for the week. 

4. Stocks closed near their highs Friday, climbing steadily throughout the session, 

buoyed by a strong consumer sentiment report and as investors appeared

 to show relief after the euro zone's latest plan to solve its debt crisis.

Market breaking news 8/12/11

1. Bank of England Leave Rates Unchanged at 0.5 Percent, Bond Buying Program Unchanged.


2. ECB Cuts Main Rate to 1 Percent from 1.25 Percent as Expected.

3. Stocks opened lower Thursday as comments from ECB's Mario Draghi appearing to step back from the idea of aggressive bond buying trumped the positive jobless claims news.

Most Dow components opened lower, led by JPMorgan and DuPont.

4. ECB to Conduct Two 36-Months Refinancing Operations; Jobless Claims Fall More than Expected.

5.Stocks traded near session lows Thursday as comments from ECB's Mario Draghi appearing to step back from the idea of aggressive bond buying trumped the positive jobless claims news.

Investors also remained cautious ahead of a crucial summit of European leaders at the end of the week.

All S&P sectors were trading lower, led by financials. 

6. Stocks tumbled in the final minutes of trading to log a sharp decline Thursday after Germany rejected some of the EU summit draft measures and as ECB President Mario Draghi's comments dashed hopes that the central banks would raise its bond purchases of debt-ridden European nations.

The Dow closed below the psychologically-important 12,000 level, led by JPMorgan and BofA.  

Market breaking news 7/12/11

1. Mortgage Application Jumped 12.8 Percent Last Week

2. Stocks slipped slightly at the open Wednesday as investors took a breather following two days of gains to see if EU officials could come up with a plan to deal with the region's debt crisis during a summit at the end of the week.

JPMorgan and Caterpillar led the Dow laggards.

3.Stocks erased most of their early losses in thin trading Wednesday but gains were limited as investors remained cautious ahead of a key EU summit at the end of the week.

Most S&P sectors were in negative territory, led by energy. 

4. Stocks spiked in the final minutes of trading Wednesday following a report that the G20 is considering a $600 billion IMF lending program to euro zone, but came off their highs after the IMF denied the report. Investors were also closely waiting for the key EU summit at the end of the week.

Financials led the S&P sector gainers, while energy slumped.

Market breaking news 6/12/11

1. S&P Places EFSF's Long-Term AAA Ratings on Creditwatch Negative, May Lower Ratings by One or Two Notches.


2. Stocks opened slightly higher Tuesday amid optimism over a possible resolution to the euro zone debt crisis, but gains were limited by a warning from ratings agency S&P’s that it could downgrade the credit ratings of 15 euro member states.
3M and GE led the Dow gainers.


3.  Stocks moved between small gains and losses Tuesday as optimism over a possible resolution to the euro zone debt crisis was limited by a warning from ratings agency S&P’s that it could downgrade the credit ratings of 15 euro member states.
Among key S&P sectors, health care advanced, while consumer discretionary slipped.


4.  Stocks closed mixed but finished off their worst levels Tuesday after a report that EU officials may be creating two separate rescue funds to help contain the region's ongoing sovereign debt crisis.
GE led the Dow gainers, while Caterpillar slipped.

 

Market breaking news 5/12/11

1. Stocks rallied at the open Monday as French President Nicolas Sarkozy and German Chancellor Angela Merkel met ahead of a key summit and after Italy's new government unveiled austerity measures.

All 30 Dow components opened higher, led by JPMorgan and BofA.

2.  Merkel, Sarkozy: Franco-German Accord Is Very Complete; Sarkozy: Germany, France Want New Treaty.

3. Stocks rallied Monday after French President Nicolas Sarkozy and German Chancellor Angela Merkel said they had completed an agreement on a plan to help resolve the euro zone debt crisis and after Italy's new government unveiled austerity measures.

All S&P sectors were higher, led by banks.

4.  Standard & Poor's put 15 European nations on watch for a possible credit rating downgrade. The only two euro zone nations that aren't on the list are Greece and Cyprus.

 

Market breaking news 2/12/11

1.Non-Farm Payrolls Rose by 120,000, Just Shy of Estimated 125,000 Gain; Unemployment Rate Drops to 8.6%.


2.Stocks opened higher Friday, on pace for their biggest percentage gain since March 2009, following news employment growth picked up momentum in November while the jobless rate fell to its lowest level in more than two years.

All 30 Dow components gained at the open, led by BofA and Alcoa.

3. Stocks eased off their highs Friday as investors grew cautious ahead of the weekend, despite positive news on the employment front.

Traders also cited unconfirmed talk of a potential Spanish downgrade.

Market breaking news 1/12/11

1. Jobless Claims Rise More than Expected Up by 6,000 to 402,000 Vs. Estimated Decline of 3,000.


2. Stocks slipped at the open Thursday following news that weekly jobless claims climbed unexpectedly last week and after a sharp rally in the previous session.

Alcoa slipped, while Disney gained. .

3.  Stocks struggled for direction in thin, volatile trading Thursday as investors took a breather following a sharp rally in the previous session and after a handful of tepid economic news. The Dow fell near the psychologically-important 12,000 mark.

Financials slumped, while techs edged higher.

4. Stocks finished narrowly mixed in a quiet session Thursday as investors took a breather following a sharp rally in the previous session and ahead of the crucial government non-farm payroll figure due Friday morning.

The Dow finished above the psychologically-important 12,000 level. 

Market Breaking News 30/11/11

1.Central Banks Make Coordinated Move to Address Pressures in Global Money Markets

2.ADP Private Sector Jobs Rose 206,000.
 3. Third-Quarter Productivity Revised Downward, Now Up 2.3% During the 3Q.

4. Contracts to Buy Existing Homes Surge in October at a Quicker-than-Expected Pace

5.  Mortgage Applications Fell 11.7 Percent in Week Ended Nov. 25.

6.  Stocks soared at the open Wednesday following news global central banks announced coordinated actions to enhance their capacity to provide liquidity to financial systems and after China said it would loosen monetary policy by cutting banks' reserve requirements.

All 30 Dow components jumped, led by BofA and JPMorgan.

7. 3.Stocks extended their sharp gains across the board Wednesday after global central banks announced a coordinated plan to support the global financial system and following a handful of better-than-expected economic news.

The Dow is back in positive territory for 2011.


8. Stocks traded near highs Wednesday after global central banks announced a coordinated plan to support the global financial system, a handful of better-than-expected economic news and China said it would loosen monetary policy.
The Dow and S&P are on track to post their best weekly point gains in almost three years.
All 10 S&P sectors were firmly in positive territory led by materials and industrials.


9. US economic activity increased at a slow to moderate pace in most regions, according to the Fed's beige-book report for November. The one exception was the St. Louis area.


10. Stocks rallied sharply to finish at their best levels Wednesday after global central banks announced a plan to support the global financial system, a handful of better-than-expected economic reports and China said it would loosen monetary policy.

All 30 Dow components finished higher, led by JPMorgan and Caterpillar. The blue-chip index is back in the black for 2011. 

Market Breaking News 29/11/11

1. American Airlines Parent AMR Files for Chapter 11 Bankruptcy.


2. S&P/Case-Shiller: US Home Prices Fall 3.9% in 3Q of 2011 Vs. 5.8% in 2Q of 2011.


3. Stocks struggled to rise at the open Tuesday amid optimism ahead of a meeting of euro zone leaders, but gains were limited following a weaker-than-expected housing report.
Home Depot led the Dow components higher, while BofA slipped.


4. Consumer Confidence Rebounds Index Rises to 56.0 in November
 

5. Stocks were modestly higher Tuesday following a positive consumer confidence report and amid optimism that a meeting of EU finance ministers would help resolve the region's ongoing debt crisis.

AMR tanked almost 80 percent, while RIM jumped.

6.  Stocks closed mixed Tuesday, with the Nasdaq ending lower and the S&P failing to end above a key technical level despite earlier optimism over a meeting of EU finance ministers and a better-than-expected consumer confidence report.

Home Depot led the Dow gainers, while BofA slumped.

7. S&P cuts its credit ratings on several banks, including Bank of America, Goldman Sachs and Wells Fargo.

 

8. Euro zone finance ministers agreed Tuesday to increase the size of the EFSF bailout fund.

Market Breaking News 28/11/11

1. Stocks rallied sharply at the open Monday amid hopes European leaders were exploring more drastic methods to bring the region's debt crisis under control, while consumers boosted retail sales over the Thanksgiving weekend.

All 30 Dow components jumped at the open, led by BofA and Alcoa.

2. Massachusetts Rep. Barney Frank to Announce He Will Not Seek Reelection: CNN 

3. Stocks held their sharp gains Monday following news European leaders were exploring more drastic methods to bring the region's debt crisis under control.

All 10 S&P sectors rallied, led by materials.


4. Stocks finished sharply higher Monday after some euro zone optimism helped boost investor confidence and following robust retail sales over the Thanksgiving weekend. The S&P and Nasdaq reversed seven straight days of declines.
All 30 Dow components finished in the black, led by Alcoa and Caterpillar.


5  Ratings agency Fitch backed its triple-A credit rating for the U.S. but with a negative outlook, citing declining confidence in the U.S.'s ability to get on a sustainable fiscal path following the failure of the super committee to agree on at least $1.2 trillion in budget cuts.

  

Market Breaking News 23/11/11

1. Jobless Claims Up 2,000 to 393,000; Durable Goods Order Unexpectedly Fall, Down 0.7%; Personal Income Rises 0.4%, Spending Up 0.1%.


2. Stocks tumbled at the open Wednesday amid ongoing worries over debt issues in the U.S. and euro zone in addition to a handful of tepid economic news.

All 30 Dow components opened lower, led by Alcoa and ExxonMobil.

3.  Stocks tumbled across the board Wednesday as ongoing worries over debt issues in the U.S. and euro zone in addition to a handful of tepid economic news weighed on investor sentiment ahead of the Thanksgiving holiday.

All 30 Dow components fell, led by BofA and Alcoa.

4.A federal judge ruled that Pennsylvania's capital city of Harrisburg may not seek bankruptcy protection, calling the filing "illegal."

5. Stocks finished near session lows in thin trading Wednesday as investors hesitated to stay long ahead of the Thanksgiving holiday amid ongoing concerns over debt issues in the U.S. and euro zone.

Markets and banks will be closed Thursday for the Thanksgiving holiday, while Friday will be a shortened trading session.

6.  The Dow Jones Industrial Average plunged 236.17 points, or 2.05 percent, to finish at 11,257.55.

7. The S&P 500 dropped 26.25 points, or 2.21 percent, to end at 1,161.79. The Nasdaq fell 61.20 points, or 2.43 percent, to close at 2,460.08. The S&P and Nasdaq logged their sixth losing session and have fallen more than 7 and 8 percent in the last six sessions, respectively.

8. The CBOE Volatility Index, widely considered the best gauge of fear in the market, finished above 33. This marks the Vix's 11th straight close above 30.

Market Breaking News 22/11/11

1. Third-Quarter GDP Revised Down, Economy Grew 2% . 

2. Stocks opened lower Tuesday after a lower-than-expected GDP figure and following the previous session’s sharp sell off.

H-P and Intel led the blue-chip index lower. 

3. Stocks fell in a thin, volatile session Tuesday, after a lower-than-expected GDP figure and amid ongoing worries over the euro zone.

Industrials led the key S&P sector decliners.

4. Stocks ended lower in a thin, volatile session Tuesday, with the S&P and Nasdaq logging a fifth-consecutive decline as investors remained cautious over uncertainty in the euro zone and after a tepid GDP report.

Alcoa was the biggest laggard on the Dow, while Chevron eked out a gain.

5.The Federal Reserve plans to run another round of stress tests on six US banks, including Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo.