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1999 |
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| Consumer Confidence Improves |
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| 11:19 AM EST
January 31 2006 |
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Stocks opened weak ahead of the FOMC minutes release. The key interest rate is expected to be increased by a quarter point to 4.5%. In earnings news Merck reported fourth-quarter earnings were up slightly. Altria Group posted higher Q4 earnings but forecast a decline in 2006 earnings due to restructuring charges. Haemonetics posted 155% quarterly profit jump of $1.02 a share, above estimates of 42 cents. Constellation Energy reported Q4 profit rise, beating estimates. |
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| Merck and Altria Profits Decline |
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| 10:00 AM EST
January 31 2006 |
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Asian-Pacific benchmarks finished largely up, led by South Korean Kospi, up 1.1% and the Nikkei, rising 0.6% to 16,649.82. European stocks reversed from losses to rise on oil and gas shares with the German DAX 30 and the French CAC 40 up 0.5%. Constellation Energy reported Q4 profit rise of $1.09 a share, beating estimates. Knight Ridder posted earnings decline to $1.24, exceeding estimates of $1.22. Tupperware Brands adjusted Q4 earnings of 54 cents a share met expectations. |
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| Fed Raised Rate, Google Falls |
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| 5:22 PM EST
January 31 2006 |
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Market did not react to the rise in expected key interest rate to 4.5%. A batch of economic report failed to excite the market. For January 2006, Dow closed up 1.4% and Nasdaq rose 3%. Oil rose and then fell. Semiconductor stocks fell. Google reported earnings below estimate, stock dropped as low as 19% in the after-market. |
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| Exxon Mobil - Record Profit |
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| 4:18 PM EST
January 30 2006 |
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Traders for the most part avoided taking sides a day before FOMC meeting. OPEC is likely to announce production cut after tomorrow''''s meeting. Oil stocks jumped as oil and natural gas prices rose in anticpation of production cuts and daily jitters related to Iran, Nigeria and Venezuela. Exxon Mobil reported largest corporate profit ever. Wal-Mart reported 4.7% rise in same-store sales in January. |
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| Oil Stocks Rise |
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| 1:35 PM EST
January 30 2006 |
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Stocks traded in a lackluster fashion Monday morning with investors reluctant to make significant moves ahead of the Fed Reserve''s meeting Tuesday. In corporate news, oil giant Exxon Mobil posted Q4 record profit on revenue growth, beating expectations. USG Corp. rose 16% after it agreed to resolve asbestos personal injury claims in a Chapter 11 agreement which will help the company to exit bankruptcy in 2006. Sunoco Logistics posted disappointing Q4 profit and revenue. |
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| Arcelor Rejects Mittal |
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| 11:38 AM EST
January 30 2006 |
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Stocks opened slightly above the flat line with investors reluctant to make significant moves ahead of the Fed Reserve''s meeting Tuesday. In corporate news, oil giant Exxon Mobil posted Q4 profit jump of $1.71 a share on revenue growth, beating expectations. USG Corp. rose 16% after it agreed to resolve asbestos personal injury claims in a Chapter 11 agreement which will help the company to exit bankruptcy in 2006. Sunoco Logistics posted disappointing Q4 profit and revenue. |
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| Exxon Mobil Beats Estimates |
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| 9:45 AM EST
January 30 2006 |
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Asian markets ended higher with only four active exchanges in the region because of the Lunar New Year holiday. The Nikkei closed up 0.55%, building on U.S. gains last week. European averages were mixed at mid-day with the German DAX 30 in the lead, up 0.1%. In corporate news, Schering-Plough reversed to profit in Q4, rising 13%, missing estimates by a penny. Kinetic Concepts posted fourth-quarter 36% income growth on 18% revenue increase, beating estimates. |
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| Mittal Launches $23 B Bid for Arcelor |
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| 9:35 AM EST
January 27 2006 |
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Asian-Pacific benchmarks rallied Friday, led by huge gains in the Nikkei which rocketed 3.6% to 16,460, posting the biggest one-day rise in four-years. The index jumped 556.66 points, lifted by record-high results released by Sony. European averages gained on Mittal Steel''s bid for Arcelor with the German DAX 30 up 1%. Microsoft posted Q2 profit rise of 34 cents a share on 9% revenue growth. Procter & Gamble posted 29% profit growth in Q2, raised 2006 outlook. |
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| Broadcom Climbs 20% |
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| 11:52 AM EST
January 27 2006 |
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U.S. stocks opened slightly higher with better-than-expected quarterly results from Microsoft boosting the sentiment and disappointing GDP data limiting gains. The software giant posted Q2 profit rise of 34 cents a share on 9% revenue growth. Procter & Gamble posted 29% profit growth in Q2, raised 2006 outlook. In deal news, the world''s largest steel company Mittal Steel launched a $22.8 billion bid for European rival Arcelor. |
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| New Home Sales Rise 2.9% |
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| 1:13 PM EST
January 27 2006 |
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In mid-day trading U.S. major averages were sitting near intraday highs. Stocks traded in the positive Friday morning with strong quarterly results from Microsoft boosting the sentiment and disappointing GDP data limiting gains. The software giant posted Q2 profit rise on 9% revenue growth. Procter & Gamble posted 29% profit growth in Q2, raised 2006 outlook. Broadcom posted more than doubled Q4 income on 52% sales growth. Mittal Steel launched a $22.8 billion bid for European rival Arcelor. |
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.
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