Established 1999
 
8,000 companies from
USA,Canada and India.		  
   
Search over 25,000 News & Earnings Archives    
 
Market Update : 
Tech Stocks in U.S., Europe and Asia Rebound
Author: 123jump.com Staff
123jump.com
Last Update: 5:16 PM EDT May 31 2007

(Continued)

Email article | Print article

First quarter economic growth rate for the U.S. was revised to 0.6% from the previous estimate of 1.3%. The slow down was the slowest since Q4 in 2002. In other economic news in the U.S., construction spending rose 0.1% in April, and jobless claims fell 4,000 to 311,000 at the end of the last week. Wachovia agreed to purchase A.G. Edwards for $6.8 billion, only second to Merrill Lynch in number of brokers. Ceridian agreed to be bought out for $36 $5.3 billion. Dell to eliminate 10% staff.

 
There were no major decliners in early trade on Thursday.

Oil and gold

A report which the market awaits to show that U.S. gasoline supplies have advanced for a fourth week makes investors shun buying crude oil futures. Crude oil for July delivery was at $63.22 a barrel, down 27 cents on the New York Mercantile Exchange. Brent crude, the benchmark for Europe, was trading at $67.69 a barrel, down 15 cents, on the London-based ICE Futures exchange.

Gold gained in London on talks that inflation will lure investors into buying the precious metal in search of a hedge against increasing raw material prices. Gold gained $4.02, or 0.6%, to $657.47 an ounce, while silver rose 9 cents, or 0.7%, to $13.27 an ounce.

Currencies

The U.S. dollar was virtually unchanged against the euro on Thursday. The euro fetched $1.3437 in early European trading, up from the $1.3436 it bought in New York late Wednesday. The British pound dipped to $1.9744 from $1.9761. The dollar advanced to 121.62 Japanese yen from 121.58 yen on Wednesday.
  1  2  3  4  5 More: Market Update Archive

 
 
350 Fund Managers Interviews - 10-year Annual earnings on 4,600 U.S. companies - 20-quarter Earnings on 3,800 U.S. companies - 3,200 U.S. IPO Prospectuses
- 2,100 Economic data releases from U.S., EU, UK, India, HK and Australia. 10-year Annual reports on 3,500 U.S. companies -
U.S. Earnings Calendar with 4,800 companies - 90,000 10-K reports - 26,000 Global markets news archive - 2,200 Earnings Conference Call Summaries
© 1999-2008 123jump.com. All rights reserved