Jun 03, 2009 1:59 PM ET
Stocks in Japan closed higher for the sixth day in a row. Optimistic investors are banking on a global economic recovery and strengthening commodities prices to lift earnings. Industrials, chemicals and energy and commodities related stocks closed higher.
Jun 03, 2009 12:43 PM ET
Aetna dropped 7% after it lowered its earnings outlook for the year. Tivo surged after it won a court ruling in its favor. Valero fell after it estimated quarterly loss and proposed to sell 40 million shares. Williams-Sonoma first quarter sales dropped 22% and swings to loss.
Jun 03, 2009 12:46 PM ET
U.S. stocks edged lower after investors worried that stocks may have advanced too fast. The world markets in the last ten weeks have erased the losses of the year and are now in the positive territory for the year. Foreign investors increase their investments in Russia, China and India.
Jun 03, 2009 10:05 AM ET
In hectic trading, investors in Mumbai snapped up industrial, cement and consumer stocks. The optimism about the economy, rising international interest and new infrastructure projects are still contributing to investor enthusiasm. Investor confidence in trading was palpable.
Jun 02, 2009 6:17 PM ET
Australian dollar edged higher in New York trading to close near 82 U.S. cents. The Reserve Bank of Australia left its cash rate unchanged for the second month in a row at 3% and cited the prospect of weak inflation in medium term. Commodities and financial led the most active stocks in trading.
Jun 02, 2009 5:34 PM ET
U.S. stocks edged higher as banks, healthcare and construction stocks gained. JP Morgan Chase, SunTrust Banks and American Express raise capital as required by the regulatory agencies. Morgan Stanley plans to raise additional $2.2 billion. EU unemployment rises and UK mortgage approvals gain.
Jun 02, 2009 9:17 PM ET
The euro region unemployment increased in April with Spain and Baltic nations leading. French producer price index declined in April at a faster rate in the last three months. Volkswagen surged on potential merger with Porsche. Bouygues SA operating profit plunged 55%.
Jun 02, 2009 3:25 PM ET
UK stocks declined on weak banking stocks. Strategic investor in Barclays sold stock only after holding the stake for less than seven months. Kingfisher net sales and earnings increased. The advertising giant WPP Plc fell after it reported 6.7% decrease in revenues in the first four months.
Jun 02, 2009 9:16 PM ET
EMC proposed to acquire Data Domain for $30 a share or $1.8 billion. SunTrust increased 11.7% after it completed $1.6 billion offering and Morgan Stanley said it plans to raise $2.2 billion. The Pepsi Bottling Group increased after it raised its quarterly and annual earnings estimate.
Jun 02, 2009 12:51 PM ET
The specialty athletic retailer quarterly sales declined 7.1% to $1.2 billion on comparable-store sales fall of 2.4%. Net income surged 933% to $31 million on lower operating expenses in the quarter. Earnings per share soared to 20 cents from 2 cents a year-ago quarter.