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Global Market Update

Another Record High for S&P 500, U.S. Growth Estimate Lowered to 2.4%
Feb 28, 2014 1:33 PM ET
U.S. indexes scaled to fresh highs after the consumer confidence index improved. U.S. lowered its economic growth estimate in the fourth quarter to 2.4%. Monster Beverage reported better than expected sales. Citigroup lowered 2013 earnings on fraud in Mexico. >>

Dril-Quip Soars; Arena Pharma, Salesforce, Southwestern Energy Fall
Feb 28, 2014 12:29 PM ET
Arena Pharma net loss in the quarter widened but revenue surged. Dril-Quip surged after revenue and profit climbed. J.C. Penney net swung to a profit. Salesforce.com said net loss widened but revenue climbed. Southwestern Energy net swung to a profit. >>

Europe Earnings: Andritz, Old Mutual, Pearson, Rightmove
Feb 28, 2014 10:46 AM ET
Andritz net plummeted 73% but the new and backlog of orders surged. Old Mutual net tumbled 33% to 983 million and plans to spin-off its U.S. business. Pearson profit surged 73% to 538 million. Rightmove profit jumped 19%. >>

Nikkei in Tokyo Slips, Japan Post Unveils Investment Plan
Feb 28, 2014 5:37 AM ET
Stocks in Tokyo edged lower and the Nikkei closed down 0.2% for the week and fell 0.9% in the month. Itochu, the first Japanese company took a stake in water utility in Spain. Japan Post unveiled an investment plan for the next three years. >>

Earnings Lift Australian Indexes 4% in Feb, Woolworths Up 6%
Feb 28, 2014 9:23 AM ET
Australian stocks struggled for the second day after the release of weak capital spending outlook. However, better than expected earnings lifted the indexes by 4% in February. Woolworths reported best first-half year results in three years and lifted full-year outlook. >>

India Movers: Bharti Airtel, Bosch, L&T, M&M, Tata Power, Titan
Feb 28, 2014 8:49 AM ET
Bharti Airtel fined $4 million by the Nigerian telecom regulator. Bosch net declined 19%. L&T won new orders worth Rs. 5,220 crore. M&M profit fell 2% but revenue jumped 8%. Tata Power sells its 30% stake in Indonesia based power subsidiary. Tech Mahindra acquired BASF IT. >>

Yellen Comments Lift Sentiment, Durable Goods Orders Fall 1%
Feb 27, 2014 3:02 AM ET
U.S. stocks traded higher and Fed Chair Janet Yellen said the central bank is prepared to change is economic stimulus tapering program should the economy weaken. Durable goods orders declined 1% in January. Weekly jobless claims in last week increased 14,000. >>

Yen Advances 0.3%, Sony Electronics to Cut One Third Staff
Feb 27, 2014 11:32 AM ET
Stocks in Asia and in Tokyo were on the defensive as tensions rose in Eastern Europe and Russia prepared for a military exercise near a border with Ukraine. The edged up 0.3%. Sony Electronics, the U.S. based unit of Sony plans to cut 1,000 jobs. >>

Best Buy, Mylan, Sears Jump; Hilton Slips
Feb 27, 2014 11:20 AM ET
Best Buy net swung to profit and online sales surged. Hilton profit tumbled 57% but revenue jumped. Kohl''s net plunged 12%. Mylan net climbed 11%. Pall sales and profit climbed. Sears net loss narrowed. >>

Australian Capital Spending Falls 5.2%, Qantas Cuts 5,000 Jobs
Feb 27, 2014 10:49 AM ET
Australian stocks declined after December quarter capital investment fell more than expected 5.2%. The spending is expected to fall further in the current quarter. Qantas confirmed its plan to trim 5,000 jobs. >>



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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