|
|
|
Nasdaq Drops 1% on Semiconductors
Oct 27, 4:15 PM EDT |
|
| GlaxoSmithKline's profit up, raises outlook. Exxon Mobil, Alcatel post profit rise, miss estimates.Microsoft, MetLife report after the closing bell. |
|
| U.S. stock markets have sustained the bearish sentiment throughout the whole trading session. The negative tone was set by news that Dow component GM had been subpoenaed by U.S. regulators. The stock's decline of 5.5% dragged blue chips. The three major averages have extended declines with the Nasdaq down by 1% on weak semiconductors. All sectors trade in the red just before market close. |
|
|
Full Story... |
GM Slides 5.5%
Oct 27, 3:54 PM EDT |
|
| EARNINGS WIRE: GlaxoSmithKline's Q3 profit up, rases outlook. Exxon Mobil, Baidu and Alcatel post profit rise, miss estimates. Canon's income falls. |
|
| Government's weekly natural gas inventory report showed an increase of 77 billion cubic feet. Data on new home sales in September showed a smaller-than-expected rise to 1.22 million units. Initial jobless claims in the week ended October 22 fell to 328,000 from the previous week vs. expectations of jobles claims decline of 340, 000. Durable goods orders fell 2.1% in September, following an upwardly revised 3.8% increase in August. |
|
|
Full Story... |
Jobless Claims Decline
Oct 27, 11:45 AM EDT |
|
| EARNINGS WIRE: GlaxoSmithKline's Q3 profit up, rases outlook. Exxon Mobil, Baidu and Alcatel post profit rise, miss estimates. Canon's income falls. |
|
| The Labor Department said that nitial jobless claims in the week ended October 22 fell to 328,000 from the previous week vs. expectations of jobles claims decline of 340, 000. A report from the Department of Commerce showed a 2.1% decrease in new orders for September, following an upwardly revised 3.8% increase in August. |
|
|
Full Story... |
GM to Drag Market
Oct 27, 9:40 AM EDT |
|
| Initial jobless claims in the week ended October 22 fell to 328,000 from the previous week vs. expectations of a jobless claims decline of 340, 000. |
|
| Asian-Pacific markets closed broadly down, but the Nikkei ended up 0.2%. European stock markets posted heavy losses at mid-day, led by the German DAX 30, down 1.3%. GlaxoSmithKline, pharmaceutical manufacturer, advanced 1.9% after raising 2005 earnings guidance, reporting Q3 profit growth of 21% on a 11% rise in revenue. |
|
|
Full Story... |
1
 |
|
