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Friday, 10/26/2007
| Dow : 13806.70 up 134.78
| S & P : 1535.28 up 20.88
| NASDAQ: 2804.19 up 53.33
| Bond (10Y): 4.40%, 102.69
MARKETS:
Wall Street's big rally
Stocks surge as investors welcome Microsoft earnings and outlook,
Countrywide's forecast, bet on a Fed rate cut next week; dollar slumps,
oil prices flirt with new records.
posted by John @ 10/26/2007 11:02:00 PM
0 comments
4:03 pm ET Oct 26, 2007
DJIA
13,806
+134.78
S&P
1,535
+20.88
NASDAQ
2,804
+53.33
10Yr
4.39%
+0.037
U.S. stocks rally on Microsoft's strong profit, Fed hopes
NEW YORK
U.S. stocks rallied Friday, and posted solid weekly gains, with
technology stocks leading the charge after Microsoft Corp.'s earnings
blew past analysts' estimates while raised forecasts from Countrywide
Financial Corp. helped soothe concerns about bad home loans.
The Fed: Mishkin defends Fed as lender of last resort
WASHINGTON
The Federal Reserve has an obligation to act as a lender of last resort
and to provide liquidity to markets that are temporarily malfunctioning
because of a financial shock, said Fed Gov. Frederic Mishkin in prepared
remarks at a gathering at the Museum of American Finance in New York on
the Panic of 1907.
All hype aside, Microsoft's mainstays bring results
SAN FRANCISCO
Though Microsoft Corp.'s first-quarter results were boosted by a spike
in video-game sales and news that it won an online advertising deal with
a red-hot social networking site, the real meat in the company's
financial report came from its stalwart Windows and Office products.
MarketWatch First Take: Who wants Stan O'Neal gone?
NEW YORK
If Merrill Lynch & Co. Chairman and Chief Executive Stan O'Neal did
explore a merger with Wachovia Corp. or J.P. Morgan Chase & Co. it
wouldn't have been the first time.
Shades of Green: Ten ways to supercharge your cash flow and avoid credit
woes
SAN FRANCISCO,
So your mortgage payment just ratcheted upward or an unforeseen event
has shot the heart out of your finances. Don't succumb to money
melancholy just yet.
posted by John @ 10/26/2007 05:36:00 PM
0 comments
4:03 pm ET Oct 26, 2007
DJIA
13,806
+134.78
S&P
1,535
+20.88
NASDAQ
2,804
+53.33
10Yr
4.39%
+0.037
posted by John @ 10/26/2007 04:36:00 PM
0 comments
11:51 am ET Oct 26, 2007
DJIA
13,728
+56.17
S&P
1,524
+9.93
NASDAQ
2,785
+35.13
10Yr
4.37%
+0.016
U.S. stocks rise firmly on Microsoft's strong profit
NEW YORK
U.S. stocks rallied on Friday, with tech stocks leading the charge after
Microsoft Corp.'s earnings flew past analysts' estimates, while shares
of Countrywide Financial Corp. surged on future profit forecasts.
Microsoft shares hit 6-year high on earnings report
SAN FRANCISCO
Shares of Microsoft Corp. jumped more than 10% Friday to their highest
level in more than six years after the software giant handily beat Wall
Street's expectations for first fiscal quarter earnings.
Merrill Lynch shares leap amid reported furor over CEO
SAN FRANCISCO
Shares of Merrill Lynch & Co. leaped 7% Friday, rallying after a report
that Chief Executive Stan O'Neal expects to be forced out imminently
amid a furor over supposed merger overtures he allowed the bank to
make.
Countrywide reports loss, but stock rallies on improving outlook
BOSTON
Beleaguered mortgage lender Countrywide Financial Corp. reported Friday
its first quarterly loss in 25 years, a reflection of the turmoil in the
credit markets that's roiled financial-services companies in the U.S.
and elsewhere.
posted by John @ 10/26/2007 04:34:00 PM
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Date: 26 Oct 2007 14:56:36 -0000
posted by John @ 10/26/2007 11:10:00 AM
0 comments
Date: 26 Oct 2007 14:55:05 -0000
http://www.bloglines.com/blog/johnDispatch
or go to
see LINKS and click 'John's Journal'
posted by John @ 10/26/2007 11:03:00 AM
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Thursday, 10/25/2007
| Dow : 13671.92 down 3.33
| S & P : 1514.40 down 1.48
| NASDAQ: 2750.86 down 23.90
| Bond (10Y): 4.38%, 102.88
MARKETS:
Stocks can't shrug off oil
Major gauges pull back from session lows, despite record high crude and
lackluster economic, earnings news but still end lower.
posted by John @ 10/25/2007 05:58:00 PM
0 comments
Date: Thu, 25 Oct 2007
Dow scrambles back from losses to break even. Nasdaq and S&P fall as
crude oil hits record high.
posted by John @ 10/25/2007 04:07:00 PM
0 comments
Date: Thu, 25 Oct 2007
Oil hits record intraday high of $90.10 per barrel on news of
slower-than-expected OPEC production increases.
posted by John @ 10/25/2007 03:07:00 PM
0 comments
11:50 am ET Oct 25, 2007
DJIA
13,675
+0.33
S&P
1,516
+0.44
NASDAQ
2,763
-11.28
10Yr
4.35%
+0.021
U.S. stocks mixed after home sales rebound
NEW YORK
Wall Street on Thursday shifted into mixed trade amid a slew of economic
data, including an unexpected rebound in the sale of new homes, along
with profit reports including Motorola Inc.'s better-than-expected
outlook for the fourth quarter.
Economic Report: New-home sales rise after big downward revisions
WASHINGTON
Sales of new homes rebounded in September from summer sales levels that
were much weaker than previously reported, the Commerce Department
reported Thursday.
Economic Report: Demand for durable goods falls on drop in defense
goods
WASHINGTON
Demand for defense goods tumbled in September, pushing down orders for
durable goods for a second month in a row, the Commerce Department
reported Thursday.
Motorola's profit drops sharply as handset sales fall
WASHINGTON
Motorola Inc., the world's third-largest maker of mobile phones, on
Thursday posted a sharp drop in its quarterly profit, but the company
cut expenses and saw some improvement in its ailing handset business.
Comcast shares decline amid growth concerns
CHICAGO
Comcast Corp. shares fell sharply Thursday following the company's
report of third-quarter results that indicated slowing subscriber
growth.
posted by John @ 10/25/2007 12:55:00 PM
0 comments
Date: Thu, 25 Oct 2007 10:03:42 -0400
September home sales below forecast, Dow Jones reports; 11-year low.
posted by John @ 10/25/2007 10:28:00 AM
0 comments
Breaking News
Signs Of Progress In Calif. Wildfires
A massive aerial assault and a break in harsh winds helped firefighters
make their first major progress against Southern California's firestorm.
Still, flames draw perilously toward thousands of homes.
posted by John @ 10/25/2007 09:00:00 AM
0 comments
Wednesday, 10/24/2007
| Dow : 13675.25 down 0.98
| S & P : 1515.88 down 3.71
| NASDAQ: 2774.76 down 24.50
| Bond (10Y): 4.34%, 103.22
MARKETS:
Dow reverses course, finishes flat
Major gauges rebound from Merrill Lynch, housing woes on speculation
that the Federal Reserve may take additional action.
posted by John @ 10/24/2007 06:19:00 PM
0 comments
Date: 24 Oct 2007 18:09:40 -0000
posted by John @ 10/24/2007 02:14:00 PM
0 comments
Date: Wed, 24 Oct 2007
WASHINGTON - Sales of existing homes plunged by a record amount in
September as turmoil in mortgage markets added more problems to a
housing industry in its worst slump in 16 years.
posted by John @ 10/24/2007 01:10:00 PM
0 comments
11:51 am ET Oct 24, 2007
DJIA
13,526
-149.98
S&P
1,497
-22.32
NASDAQ
2,738
-61.15
10Yr
4.33%
-0.074
Merrill reports loss as subprime write-downs balloon
NEW YORK
Merrill Lynch, the nation's largest broker, reported its first loss in
about 6 years, saying bad judgment and weak risk management strategies
forced it to write down almost $8 billion of mortgage and related
assets, well above its own previous estimate.
Amazon shares slide on profitability concerns
SAN FRANCISCO
Shares of Amazon.com slid more than 11% Wednesday morning, giving back
gains made in a sharp run-up the previous day before the company
reported its third-quarter results.
Economic Report: Existing-home sales crater in September on credit
squeeze
WASHINGTON
Sales of existing homes and condos fell 8% in September to the lowest
level in at least eight years as inventories of single-family rose to a
20-year high, further evidence that the credit squeeze in mortgage
markets is hurting home sales, the National Association of Realtors
reported Wednesday.
Nasdaq profit surges on sale of London Stock Exchange stake
LONDON
The Nasdaq Stock Market reported Wednesday that its third-quarter profit
surged, boosted by hefty gains from selling its stake in the London
Stock Exchange.
Market Snapshot: Stocks sink further as home sales fall to eight-year
low
NEW YORK
U.S. stocks fell Wednesday, with the Dow off more than 150 points, as
investors grappled with Merrill Lynch & Co.'s larger-than-envisioned
losses and a sharp drop in existing-home sales, inflaming fears of
economic trouble ahead.
posted by John @ 10/24/2007 01:05:00 PM
0 comments
Tuesday, 10/23/2007
| Dow : 13676.23 up 109.26
| S & P : 1519.59 up 13.26
| NASDAQ: 2799.26 up 45.33
| Bond (10Y): 4.40%, 102.69
MARKETS:
Stocks surge on earnings
Market resumes upward climb on upbeat profit reports from Apple,
American Express and others; Wal-Mart, Coach fail to impress investors;
oil prices dip.
posted by John @ 10/23/2007 06:23:00 PM
0 comments
4:04 pm ET Oct 23, 2007
DJIA
13,676
+109.26
S&P
1,519
+13.26
NASDAQ
2,799
+45.33
10Yr
4.41%
+0.012
Amazon.com beats forecasts; margin guidance a concern
SAN FRANCISCO
Amazon.com reported a strong surge in third-quarter earnings -- topping
Wall Street's expectations -- as the online retail giant benefited from
a jump in sales ahead of the holiday season.
Market Snapshot: U.S. stocks rally on tech earnings
NEW YORK
U.S. stocks rallied to close firmly higher Tuesday, with enthusiasm for
tech stocks carrying the day, after Apple Inc.'s upbeat earnings and
ahead of Amazon.com's results due after the close.
Countrywide to offer refinancing to subprime borrowers
NEW YORK
Countrywide Financial, which became the biggest mortgage lender in the
U.S. by offering borrowers a slew of novel, untested loan products, said
Tuesday that it will help some of those same borrowers, who now face
foreclosure, to refinance and keep their homes.
Apple surges to new highs following strong earnings report
SAN FRANCISCOApple Inc. shares set a new all-time high Tuesday, surging
more than 7% after the consumer technology giant reported a 67% jump in
fourth-quarter earnings powered by strong sales of Macintosh computers
as well as its popular iPhone.
The Technical Indicator: U.S. markets lift modestly from notable
support
CINCINNATI
Despite Friday's severe sell-off, the major U.S. benchmarks stabilized
on Monday, holding notable support.
posted by John @ 10/23/2007 05:20:00 PM
0 comments
Date: Tue, 23 Oct 2007 16:00:44 -0400
Nasdaq ends more than 1.5% higher on surging tech stocks. Dow and S&P
also climb at the close, helped by falling oil.
posted by John @ 10/23/2007 05:06:00 PM
0 comments
Date: 23 Oct 2007 18:49:42 -0000
posted by John @ 10/23/2007 02:57:00 PM
0 comments
11:51 am ET Oct 23, 2007
DJIA
13,585
+18.62
S&P
1,508
+2.50
NASDAQ
2,769
+15.71
10Yr
4.41%
+0.020
Earnings at Apple and DuPont lift U.S. stocks
NEW YORK
U.S. stocks climbed on Tuesday, with investor enthusiasm buoyed as Apple
Inc. and blue-chip DuPont Co. reported quarterly profits that topped
expectations, offsetting worries about consumer spending and the economy
at large.
Apple surges to new highs following strong earnings report
Apple hits new highs after strong earnings
DuPont profit helped along by overseas growth, lower fixed costs
NEW YORK
The world's second-largest chemical maker, DuPont Co., said Tuesday its
third-quarter earnings rose 8.5% on the back of strong international
growth, lower fixed costs and improved productivity, resulting in the
firm lifting the top end of its earnings forecast for the year.
Target lowers October sales forecast; analysts trim estimates
NEW YORK
Target Corp.'s weaker October sales forecast prompted analysts Tuesday
to trim their per-share estimates on the discount retailer.
Paulson keeps up pressure on China over yuan
WASHINGTON
Treasury Secretary Henry Paulson reiterated that China should let its
currency strengthen on Tuesday, following weekend meetings during which
the world's seven richest nations stepped up their pressure on Beijing
over the yuan.
posted by John @ 10/23/2007 01:34:00 PM
0 comments
Monday, 10/22/2007
| Dow : 13566.97 up 44.95
| S & P : 1506.33 up 5.70
| NASDAQ: 2753.93 up 28.77
| Bond (10Y): 4.41%, 102.63
MARKETS:
Techs lead comeback
Nasdaq jumps as investors step back after last week's steep selloff on
credit market woes; oil prices retreat.
posted by John @ 10/22/2007 11:14:00 PM
0 comments
11:51 am ET Oct 22, 2007
DJIA
13,477
-44.14
S&P
1,498
-2.40
NASDAQ
2,731
+6.60
10Yr
4.42%
+0.022
Wall Street trims losses, Nasdaq back in the red
NEW YORK
Stocks were lower on Monday, with pressure continuing after a steep
sell-off on Friday and fresh worries about the credit crunch, but with
the technology stocks on the Nasdaq offering some support ahead of
profit reports later on.
Kimberly-Clark profit up, lifts low end of full-year outlook
NEW YORK
Consumer-products maker Kimberly-Clark Corp. said Monday its
third-quarter profit rose more than 24% from a year ago, driven by
cost-cutting initiatives and higher sales of its personal care and
tissue products.
Merck's profit rises on 12% jump in sales
BOSTON
Merck & Co. reported substantially higher third-quarter earnings early
Monday, due largely to strong sales and a hefty charge taken during last
year's quarter related to its ongoing Vioxx litigation.
Sales, accounting gain lift Schering-Plough's bottom-line
BOSTON
Schering-Plough Corp. reported substantially higher third-quarter
earnings early Monday, due largely to a substantial accounting gain and
solid sales growth for several of its best-selling drugs.
Toy maker Hasbro profit rises 62%; sees no recall impact
NEW YORK
Hasbro Inc. on Monday posted a 62% increase in its third-quarter profit,
helped by sales of its Transformers toys and a favorable tax gain, and
said it hasn't seen an impact from industry product recalls.
posted by John @ 10/22/2007 02:08:00 PM
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