Established 1999
 
8,000 companies from
USA,Canada and India.		  
   
Search over 25,000 News & Earnings Archives    
 
Market Update : 
Techs Lead Market Higher
Author: 123jump.com Staff
123jump.com
Last Update: 12:01 AM ET May 19 2005

(Continued)

Email article | Print article

After three days of advance, the market is in a quite moods. On a day when only few earnings are reported fewer stocks are trading up. Tech stocks are trading higher on Motorola announcing to buy-back up to $4B of stocks. Apple, Google, Yahoo and Pixar are trading up more than 2%. Wal-Mart is conceding that it is better to have Netflix run its online DVD rental business.

 
Altria, parent of Philip Morris, reported acquisition of third largest cigarette Indonesian company with the total cost as high as $5.2 billion.
HK Monetary Authority widened its currency band by 5 cents to HK$7.75-$7.85 per U.S. dollar. The authority hopes this widening of HK dollar peg after 22 years will discourage speculation in HK dollar in the hopes of rumored revaluation in Chinese Yuan.

Indian PC market registered 29% unit growth in shipment totaling to 3.6 million PCs led by 87% jump in notebook computers.
  1  2 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