The major US equity indices closed sharply lower Thursday with the Dow Jones dropping over 500 points as investors grow concerned about an economic slowdown for both the US and Europe. The initial claims for state unemployment benefits fell 1000 to a seasonally adjusted 400000, according to the Labor Department. Economists’ had predicted the claims to rise to 405000. In corporate news, General Motors (NYSE:GM) reported adjusted Q2 EPS of $1.54, better than analystestimates of a $1.20 per share. Revenues for the quarter rose 18.7% year-over-year to $39.40 billion, topping consensus estimates of $36.71 billion.
The major US equity indices closed sharply lower Thursday with the Dow Jones dropping over 500 points as investors grow concerned about an economic slowdown for both the US and Europe. The initial claims for state unemployment benefits fell 1000 to a seasonally adjusted 400000, according to the Labor Department. Economists’ had predicted the claims to rise to 405000. In corporate news, General Motors (NYSE:GM) reported adjusted Q2 EPS of $1.54, better than analystestimates of a $1.20 per share. Revenues for the quarter rose 18.7% year-over-year to $39.40 billion, topping consensus estimates of $36.71 billion.
Themajor US equity indices closed lower Monday following weaker-than-expected data on manufacturing and as uncertainty over the debt deal continues. The Institute for Supply Management’s manufacturing gauge in July fell 4.4 points to 50.9%, which is the weakest reading since July 2009. Economists had expected the index to reach 54.3%. The index has fell 9.5 points since April. Lawmakers are expected to vote later today on an agreement over a deal to hike the federal borrowing limit
July 27 (Bloomberg) — Tim Savageaux, president of Terrapin Research, talks about today’s decline in shares of Juniper Networks Inc. Juniper tumbled the most in more than a decade after the second-largest maker of Internet networking equipment reported sales and profit that missed estimates. Savageaux speaks with Emily Chang and Cory Johnson on Bloomberg Television’s “Bloomberg West.” Bloomberg’s Johnson also discusses Juniper’s performance and the networking-equipment industry.
Themajor US equity indices closed higher Tuesday as quarterly results topped expectations and following data on the housing-market. The Commerce Department reported builders started work on a seasonally adjusted 629000 homes in June, up 14.6% from May. Economists had expected a 3.6% increase to 580000.
Themajor US equity indices closed higher Tuesday as quarterly results topped expectations and following data on the housing-market. The Commerce Department reported builders started work on a seasonally adjusted 629000 homes in June, up 14.6% from May. Economists had expected a 3.6% increase to 580000. In corporate news, Apple (NASDAQ:AAPL) reported Q3 EPS of $7.79 after the market closed today, easily topping analyst estimates of $5.84. Revenue for the quarter came in at $28.6 billion, also topping estimates of $24.72 billion.
Gold and Silver Come Alive! Mark Gordon looks at the important markets.More info at www.goldenticker.com – Free Live charts at stockcharts.com gold silver stock market stocks monster trends trend investing investments trading trade system day swing wealth picks pics pick tips index futures options index economic analysis golden ticker charts report finance financial economy money charts commentary trading
The major US equity indices closed lower Friday following a disappointing government jobs report. The US economy added jobs at a slower pace in June than in May, suggesting that the slowdown in the economy might be longer-lasting and more severe than previously expected. Nonfarm payrolls rose by 18000 in June, below consensus estimates for a 125000 gain. In corporate news, Living Social, the leading competitor to Groupon, announced that they have picked JP Morgan (NYSE:JPM), Bank of America (NYSE:BAC) and Deutsche Bank (NYSE:DB) to act as lead underwriters for their IPO. Visa (NYSE:V) has decided to shut a donation channel to WikiLeaks after payment processor DataCell that briefly accepted money transfers to the site
July 5 (Bloomberg) — Bloomberg’s Cory Johnson talks about the performance of Electronic Arts Inc.’s shares and the company’s digital business. He speaks on Bloomberg Television’s “Bloomberg West.” (Source: Bloomberg)
Themajor US equity indices closed higher after Greece’s Parliament voted in favor on adoption of the controversial austerity package. Greek lawmakers approved a 78 billion euro package of additional austerity measures and asset sales in a bid to avert a potentially devastating default. Final tally was 155-138 and moves Greece a step closer to receiving a delayed 12 billion euro installment of the 110 billion euro rescue package provided by the European Union and IMF last year.