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Friday, 10/19/2007
| Dow : 13522.02 down 366.94
| S & P : 1500.63 down 39.45
| NASDAQ: 2725.16 down 74.15
| Bond (10Y): 4.39%, 102.81
MARKETS:
Brutal selloff on Wall Street
Dow down around 367 points, its third worst day of the year, on fears
about credit and housing sector, earnings, record-high oil prices, slide
in dollar, what the Fed will do next.
posted by John @ 10/19/2007 07:33:00 PM
0 comments
4:07 pm ET Oct 19, 2007
DJIA
13,522
-366.94
S&P
1,500
-39.45
NASDAQ
2,725
-74.15
10Yr
4.40%
-0.102
U.S. stocks plunge on anniversary of 1987 crash, Dow down 2.6%
NEW YORK
U.S. stocks tanked Friday - the 20th anniversary of Black Monday - as
panicky investors opted to sell after disappointing earnings from blue
chips Honeywell International Inc., 3M Co. and Caterpillar Inc., along
with crude oil's seemingly incessant rise, fueled worries of economic
trouble ahead.
3M's quarterly net up 7.4% amid tough flat-screen TV market
NEW YORK
3M Co. raised its full-year earnings forecast Friday and reported a 7.4%
increase in third-quarter net income because of robust growth in its
tape and adhesive business, but shares came under pressure due to
difficulties in the flat-screen television business, dropping nearly 7%
at one point.
Honeywell's quarterly profit rises 14%, but margin concerns mount
NEW YORK
Honeywell International Inc. raised its full-year sales outlook Friday
as third-quarter profit jumped 14% due to robust performances in the
blue-chip conglomerate's aerospace and automated control systems
businesses.
Caterpillar profit up 21%; shares down 4.3%
SAN FRANCISCO
Caterpillar shares dropped 5.3% on Friday after the construction
equipment leader, despite posting a rise in third-quarter profit, cut
its 2007 earnings target amid "severe weakness" in its core U.S.
market.
Futures Movers: Crude oil backs off after hitting $90 a barrel
NEW YORK
Crude-oil futures retreated Friday after hitting $90 a barrel for the
first time overnight as continued weakness in the dollar and worries
over supply security helped drive prices higher.
posted by John @ 10/19/2007 05:18:00 PM
1 comments
Date: 19 Oct 2007 19:54:50 -0000
posted by John @ 10/19/2007 05:05:00 PM
0 comments
Date: Fri, 19 Oct 2007 13:36:14 -0700 (PDT)
Breaking News
DOW JONES INDUSTRIAL AVG DROPS MORE THAN 370 PTS ON 20TH ANNIVERSARY OF
BLACK MONDAY
posted by John @ 10/19/2007 05:00:00 PM
0 comments
Date: Fri, 19 Oct 2007 15:08:48 -0400
The Dow Jones industrial average is down 278 points, nearly 2%, with
about an hour left in the trading day.
posted by John @ 10/19/2007 03:19:00 PM
0 comments
Date: Fri, 19 Oct 2007 11:52:57 -0700 (PDT)
Breaking News
FEDERAL HEALTH ADVISERS HAVE RECOMMENDED THAT COLD AND COUGH MEDICINES
NOT BE USED IN CHILDREN YOUNGER THAN 6
posted by John @ 10/19/2007 03:09:00 PM
0 comments
11:51 am ET Oct 19, 2007
DJIA
13,698
-190.79
S&P
1,520
-19.67
NASDAQ
2,762
-36.71
10Yr
4.41%
-0.090
U.S. stocks thud lower; even Google can't keep Nasdaq up
NEW YORK
Wall Street sputtered quickly at Friday's start after a downgrade of
British banking giant HSBC Holding Plc furthered concerns about the
shaky credit markets, overtaking investor solace from Google Inc.'s
estimate-topping earnings.
3M's quarterly net up 7.4% amid tough flat-screen TV market
NEW YORK
3M Co. raised its full-year earnings forecast Friday and reported a 7.4%
increase in third-quarter net income because of robust growth in its
tape and adhesive business, but shares came under pressure due to
difficulties in the flat-screen television business, dropping nearly 7%
at one point.
Honeywell's quarterly profit rises 14%, but margin concerns mount
NEW YORK
Honeywell International Inc. raised its full-year sales outlook Friday
as third-quarter profit jumped 14% due to robust performances in the
blue-chip conglomerate's aerospace and automated control systems
businesses.
Caterpillar profit up 21%; shares down 4.3%
SAN FRANCISCO
Caterpillar shares dropped as much as 4.3% on Friday after the
construction equipment leader, despite posting a rise in third-quarter
profit, cut its 2007 earnings target amid "severe weakness" in its core
U.S. market.
Futures Movers: Crude oil backs off after hitting $90
NEW YORK
Crude oil futures retreated Friday after hitting $90 a barrel for the
first time overnight as continued weakness in the dollar and worries
over supply security helped drive prices higher.
posted by John @ 10/19/2007 02:31:00 PM
0 comments
Date: 19 OCT 2007 15:03:12 GMT
BULLETIN
Dow industrials down 220, as 3M falls 5%, Honeywell and Caterpillar drop
4%
_____________________________
Stocks plunge on worse-than-expected corporate earnings from
Caterpillar, Honeywell; high oil prices.
>>>>>>>>>>
Crude oil backs off after hitting $90
Caterpillar profit up 21% despite U.S. weakness
Honeywell's quarterly profit rises 14%, but margin concerns mount
3M's quarterly profit climbs 7.4%
posted by John @ 10/19/2007 11:41:00 AM
0 comments
Date: 19 OCT 2007 14:13:31 GMT
Crude tops $90 to hit all-time high in electronic trading session
Caterpillar profit up 21% despite U.S. weakness
Honeywell's quarterly income rises 14%
3M's quarterly profit climbs 7.4%
BULLETIN
Dow industrials down 150 points: 3M, Honeywell, Caterpillar drive
decline
posted by John @ 10/19/2007 10:55:00 AM
0 comments
Thursday, 10/18/2007
| Dow : 13888.96 down 3.58
| S & P : 1540.08 down 1.16
| NASDAQ: 2799.31 up 6.64
| Bond (10Y): 4.49%, 102.00
MARKETS:
Stocks struggle on earnings, oil
Wall Street seeks direction as investors react to BofA, WaMu, eBay,
Pfizer's quarterly results; oil prices hit all-time high; dollar at
all-time low versus euro.
posted by John @ 10/18/2007 06:23:00 PM
0 comments
Date: Thu, 18 Oct 2007 15:59:52 -0400
Stocks flatline at the close as investors weigh surging oil and mixed
earnings and await results from Google and AMD.
posted by John @ 10/18/2007 04:24:00 PM
0 comments
Date: Thu, 18 Oct 2007 15:15:49 -0400
Crude oil continues meteoric rise, surging $2.07 to $89.47, another
record settle.
posted by John @ 10/18/2007 03:21:00 PM
0 comments
11:50 am ET Oct 18, 2007
DJIA
13,857
-34.96
S&P
1,535
-6.09
NASDAQ
2,779
-12.84
10Yr
4.52%
-0.029
U.S. stocks fall as Bank of America results disappoint
NEW YORK
Bank of America Corp.'s larger-than-expected profit drop and a rise in
weekly jobless claims sparked a decline in U.S. stocks Thursday, with
the disappointing results reported by the country's second-biggest bank
serving as another example of ongoing trouble in the financial sector.
Bank of America's quarterly profit falls 32%
NEW YORK
Bank of America Corp.'s third-quarter net income fell 32% from a year
ago as trading losses, write-downs on a wide variety of loans and
soaring reserves for likely future loan losses undermined profit,
financial results showed Thursday.
Pfizer's quarterly profit drops on product-termination charge
BOSTON
Pfizer Inc. reported dramatically lower third-quarter earnings Thursday,
largely reflecting charges associated with its decision to stop selling
Exubera, a once-promising inhaled-insulin therapy.
Nokia shares rally after 85% jump in quarterly profit
LONDON
Nokia Corp., the world's largest maker of mobile phones, posted an 85%
jump in third-quarter profit Thursday as margins surged at its
mobile-device business and it continued to gain market share.
Economic Report: U.S. leading indicators point to slow growth
WASHINGTON
Slow growth could continue into the early months of 2008, the Conference
Board said Thursday, reporting that a gauge of future economic growth
rose 0.3% in September.
posted by John @ 10/18/2007 12:59:00 PM
0 comments
Date: 18 Oct 2007
posted by John @ 10/18/2007 12:23:00 PM
0 comments
Date: Thu, 18 Oct 2007 07:34:00 -0400
Stock futures turn lower after Bank of America disappointment.
posted by John @ 10/18/2007 10:27:00 AM
0 comments
Date: 18 Oct 2007
posted by John @ 10/17/2007 11:02:00 PM
0 comments
Wednesday, 10/17/2007
| Dow : 13892.54 down 20.40
| S & P : 1541.24 up 2.71
| NASDAQ: 2792.67 up 28.76
| Bond (10Y): 4.55%, 101.50
MARKETS:
Nasdaq ends higher
Tech-heavy index ends in positive territory as oil prices retreat after
hitting record high; Dow struggles as investors bail out of IBM and
United Tech.
posted by John @ 10/17/2007 06:38:00 PM
0 comments
11:50 am ET Oct 17, 2007
DJIA
13,934
+22.03
S&P
1,545
+6.51
NASDAQ
2,798
+34.25
10Yr
4.59%
-0.067
U.S. stocks rise on upbeat profits from J.P. Morgan, Intel
NEW YORK
U.S. stocks climbed Wednesday after early economic data did little to
upset the optimism sparked by better-than-expected profits reported by
blue-chip companies like J.P. Morgan Chase & Co., United Technologies
Corp. and Intel Corp.
Economic Report: U.S. housing starts for September fall to a 14-year
low
WASHINGTON
Construction on new homes plunged in September to the lowest level in 14
years, clear evidence that the turmoil roiling financial markets has
sent the nation's housing sector into a tailspin.
J.P. Morgan Chase net edges higher but profit view is clouded
NEW YORK
J.P. Morgan Chase & Co. on Wednesday said third-quarter net income edged
2% higher, as strong private equity gains and a big profit on the sale
of MasterCard shares cushioned the blow from chaotic fixed income
markets.
posted by John @ 10/17/2007 01:38:00 PM
0 comments
Date: Wed, 17 Oct 2007 11:02:52 -0400
Oil reaches new all-time high at $88.47 a barrel after reports Turkey
authorizes action vs. Iraq.
posted by John @ 10/17/2007 11:06:00 AM
0 comments
Date: Wed, 17 Oct 2007
Oil prices turn lower after surprise inventory growth.
posted by John @ 10/17/2007 11:01:00 AM
0 comments
Date: Wed, 17 Oct 2007
Housing starts, building permits fall more than expected in September;
consumer prices up 0.3%, 0.2% ex food and energy.
posted by John @ 10/17/2007 09:57:00 AM
0 comments
Tuesday, 10/16/2007
| Dow : 13912.94 down 71.86
| S & P : 1538.53 down 10.18
| NASDAQ: 2763.91 down 16.14
| Bond (10Y): 4.64%, 100.78 |
MARKETS:
Wall Street's wall of worry
Record-high crude prices, more housing woes and disappointing corporate
results send stocks lower for second straight session.
posted by John @ 10/16/2007 06:04:00 PM
0 comments
Date: Tue, 16 Oct 2007
Homebuilders' confidence sinks to all-time low in October, weakest buyer
traffic in 23-year history of trade-group survey.
posted by John @ 10/16/2007 01:34:00 PM
0 comments
11:50 am ET Oct 16, 2007
DJIA
13,937
-47.39
S&P
1,543
-5.65
NASDAQ
2,777
-2.44
10Yr
4.65%
-0.022
Wall Street drops on Fed talk, higher crude
NEW YORK
Wall Street shares declined again on Tuesday, with financial stocks
weighing on the market amid signals the recent credit crunch would dent
earnings in the fourth quarter and on news that Federal Reserve Chairman
Ben Bernanke said trouble in the housing market would likely slow
economic growth into early 2008.
Financial Stocks: Bear a rare gainer as credit crunch weighs on sector
NEW YORK
Shares of Bear Stearns Cos Inc. rose modestly in early trading Tuesday
after China's Citic said it is interested in taking a stake in the Wall
Street firm.
Ericsson shares shed 25% on profit warning as margins erode
LONDON
Shares in Ericsson AB lost more than a quarter of their value on Tuesday
after the world's largest maker of wireless networks warned its
third-quarter profit would fall well short of expectations due to lower
demand for mobile network upgrades in North America and Western Europe.
Futures Movers: Oil futures break $87 to reach fresh record-breaking
heights
SAN FRANCISCO
Crude-oil futures backed down from record highs early Tuesday, again
trading below $87 a barrel as investors locked in gains from a
blistering overnight run toward the $88 mark.
Ericsson shares shed 25% on profit warning as margins erode
LONDON
Shares in Ericsson AB lost more than a quarter of their value on Tuesday
after the world's largest maker of wireless networks warned its
third-quarter profit would fall well short of expectations due to lower
demand for mobile network upgrades in North America and Western Europe.
posted by John @ 10/16/2007 01:19:00 PM
0 comments
Date: 16 Oct 2007
posted by John @ 10/16/2007 10:13:00 AM
0 comments
Date: 16 Oct 2007
posted by John @ 10/15/2007 11:22:00 PM
0 comments
Monday, 10/15/2007
| Dow : 13984.80 down 108.28
| S & P : 1548.71 down 13.09
| NASDAQ: 2780.05 down 25.63
| Bond (10Y): 4.67%, 100.53
MARKETS:
Stocks get slammed
Financial sector leads decliners on Citigroup's weak profits, debt
rescue fund implications; crude hits all-time high above $86 a barrel.
posted by John @ 10/15/2007 06:45:00 PM
0 comments
Date: Mon, 15 Oct 2007 15:14:56 -0400
Crude oil prices skyrocket $2.44 cents Monday to settle at a record high
of $86.13 a barrel.
posted by John @ 10/15/2007 04:42:00 PM
0 comments
11:51 am ET Oct 15, 2007
DJIA
13,973
-119.66
S&P
1,549
-12.48
NASDAQ
2,784
-20.96
10Yr
4.68%
-0.008
CEO calls Citi's quarter 'disappointing' as net drops 57%
NEW YORK
Citigroup said Monday that third-quarter profit fell 57%, not as bad as
expected, as the nation's largest bank took a hit from this summer's
credit market crisis, though the firm's CFO said related issues in the
fixed income markets could affect the fourth quarter as well.
Banks to create credit-market cleanup fund
WASHINGTON
Bank of America, J.P. Morgan Chase & Co. and Citigroup said Monday
they've agreed to create a special fund to help guarantee liquidity in
the commercial-paper markets.
Futures Movers: Oil futures probing uncharted territory above $85
SAN FRANCISCO
Crude-oil futures advanced Monday into uncharted territory above $85 a
barrel, with the market continuing to find support from concern about
risks to production in the Middle East and declines in U.S. crude
supply.
Mattel's third-quarter profit slips 1%, stung in part by recalls
NEW YORK
Mattel Inc. on Monday reported a 1% decline in third-quarter profit, as
strength in the toy maker's international business wasn't enough to
offset a charge related to product recalls as well as weakness in the
U.S. market.
Danaher in deal to acquire Tektronix for $2.8 billion in cash
SAN FRANCISCO
Tektronix Inc. shares surged 33% on Monday after Danaher Corp. said it
has agreed to buy the world's second-biggest maker of test and measuring
equipment for $2.8 billion.
posted by John @ 10/15/2007 12:29:00 PM
0 comments
