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Precious Metals Shine Again
Dec 08, 5:07 PM EST |
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| Unemployment claims rose. Oil and natural gas rose. Gold reached a new high and silver touched $9. Chips stocks ignored postive news. |
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| Market after tradig sideways for the most of the day settled lower at clsoe. Natural gas rose on decline in inventory. Gold rose in demand rise and inflation concern. Silver touched $9 for the first time two decades. McDonald''''s stock fell on less-than-expected rise in same-store sales. Chip stocks fell despite the positive news from TI, Xilinx and Taiwan Semi.Toll Bros. and Hovnanian report better than expected earnings. |
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Natural Gas Rally Lifts Stocks
Dec 08, 1:08 PM EST |
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| The Labor Dept reported that initial jobless claims for the week ended Dec 3 rose unexpectedly to 327,000 vs expectations of a decline to 315,000. |
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| U.S. stock markets opened weak Thursday, with homebuilder Toll Brothers issuing a cautious outlook and with the semiconductor sector in focus after Texas Instruments sharpened its quarterly outlook and before Intel Corp. issues its mid-quarter update. Later stocks rebounded as crude oil prices boosted shares of energy companies and tech company Qualcomm Inc released improved revenue forecast. |
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Toll Bros Weighs on Sentiment
Dec 08, 10:49 AM EST |
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| The Labor Dept reported that initial jobless claims for the week ended Dec 3 rose unexpectedly to 327,000 vs expectations of a decline to 315,000. |
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| Stocks extended their losses Thursday after a cautious outlook from homebuilder Toll Brothers which posted Q4 70% profit jump on 40% revenue growth, but cut 2006 outlook. Costco Wholesale Corp. announced Q1 12% earnings rise to 45 cents a share, from 40 cents a year ago, in line with analyst expectations. Intel is expected to raise the low end of its Q4 sales range when it updates investors after market close. |
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Jobless Claims Rise Unexpectedly
Dec 08, 9:39 AM EST |
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| Oil prices rebounded on cold weather worries. Gold surged to a fresh 24 1/2-year high, nearing $515. The dollar fell against its major counterparts. |
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| Asian-Pacific benchmarks closed in the red, led by the Nikkei, down nearly 2% on profit taking, mangled IPO and cautiousness ahead of economic data. European averages were also weak at mid-day on insurance stocks with the German DAX 30 falling 0.6%. In earnings news, Costco Wholesale Corp. announced Q1 12% earnings rise to 45 cents a share, from 40 cents a year ago, in line with analyst expectations. Toll Brothers posted Q4 70% profit jump, but cut 2006 outlook. |
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