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| Wall Street Extends Global Rally With 2% Advance |
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| 4:47 PM ET
June 29 2012 |
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Stocks on Wall Street surged after European leaders offered emergency steps to support direct bank lending and passed stimulus measures. Commodities led the surge and crude oil soared 9% and gold gained 3%. For the week, the S&P 500 index gained 1.6%. |
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| Europeans Agree to Lend to Banks, InBev to Buy Modelo |
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| 7:42 PM ET
June 29 2012 |
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European markets staged a rally after leaders agreed to use rescue funds to lend directly to banks and approved €120 billion stimulus program. Anheuser Busch InBev agreed to buy remaining stake in Mexico-based Modelo for $20 billion. |
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| Short Covering Rally Lifts Nikkei for the Second Day, Nomura Up 4% |
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| 9:06 AM ET
June 29 2012 |
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Japanese stocks extended gains for the second day as short sellers covered positions and international investors increased exposure to domestic stocks. Nikkei gained 1.5% on Friday but fell 10.7% in the quarter, worst since the third quarter of 2011. |
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| U.S. Movers: Accenture, KB Home, Nike, RiM, Tibco |
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| 10:56 AM ET
June 29 2012 |
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Accenture third quarter net increased 11% and narrowed fiscal earnings guidance. KB Home second quarter net loss narrowed. Nike fourth quarter net slid 8% to $549 million. Research In Motion swung to a quarterly loss. |
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| U.S. Extends World Markets Rally on European Agreement |
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| 11:33 AM ET
June 29 2012 |
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U.S. indexes extended global rally after European leaders agreed to emergency steps and extend direct lending to Spanish banks and pass stimulus measures. Research in Motion planned to slash 5,000 jobs after it reported sales decline, losses and worsening cash position. |
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| U.S. Movers: American Greetings, Family Dollar, Paychex, Worthington |
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| 11:52 AM ET
June 28 2012 |
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Healthcare insurers dropped sharply after the Supreme Court upheld the healthcare reform. American Greetings first quarter net tumbled 78%. Family Dollar third quarter net increased 5.3% to $124.5 million and lifted fiscal outlook. Paychex fourth quarter net increased 4%. |
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| Spanish Yield Above 7%, European Leadership Division Deepens |
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| 7:47 AM ET
June 28 2012 |
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The European indexes slumped ahead of the EU summit. Italy raised €5.4 billion in a bond auction. German jobless rate rose and UK home prices fell in June and the UK economy contracted in the first quarter. Veolia agreed to sell its UK regulated water unit for $1.93 billion. |
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| Australian Stocks Lose Early Gains, News Corp to Split |
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| 8:16 AM ET
June 28 2012 |
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Australian indexes lost most the gains of the day in late afternoon as the prospect of an outcome from the meeting of European leaders. News Corp said it will separate its news and entertainment operations. Caltex gained on higher profit estimate. |
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| Nikkei Jumps 1.6%, Japanese Retail Sales up 3.6% |
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| 9:02 AM ET
June 28 2012 |
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Stocks in Tokyo advanced and the benchmark Nikkei jumped 1.6% to close at a six week high. Retail sales in May increased at a slower pace than in April but were ahead of expectations. Institutional investors increased exposure to domestic stocks. |
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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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