SITE SEARCH | NEWS | EARNINGS | CALENDARS | MUTUAL FUNDS
Sector Tables: Energy - Retail - Utilities - REIT - Banks - Brokerage - ETFs | Oil Data
Login | Subscribe to Ticker
Market Update Analysis: 
Tech Stocks Rebound; Yahoo, Intel, RiM Up
Author: 123jump.com Staff
123jump.com
Last Update: 5:24 PM EDT May 15 2008


(Continued)

Email article | Print article

Tech stocks rally lifted broader market indexes. Nasdaq index gained 1.2% in the late afternoon on a steady rise in Apple, Research in Motion, Intel, Cisco and Google. Carl Ichan and Paulson & Company acquire a stake in Yahoo hoping to elect board that favors a deal with Microsoft. Retailers also rallied after JC Penney reported lower than expected fall in earnings. Barclays reported a large loss related to credit market assets.

 
Double Hull Tankers Inc, Oil tanker owner and operator said first quarter revenues rose 23% to $24.9 million from $20.2 million a year ago. Net income in the quarter jumped 6% to $7.6 million or 25 cents per diluted share compared to net income of $7.2 million or 24 cents per share, a year ago.

Double Hull Tankers Inc stock (DHT: chart) fell 12 cents to $11.14.


World markets review

In Tokyo Nikkei 225 Index closed higher 133.19 or 0.94% to 14,251.74, in Hong Kong Hang Seng index decreased 19.77 or 0.08% closed to 25,513.71. In Australia ASX 200 index higher 18.00 or 0.31% to close 5,890.70. In Malaysia KL Composite index increased 6.41 or 0.50% closed to 1,294.15.

In South Korea Kospi Index increased 41.96 or 2.28% to close at 1,885.71, in Thailand SET index closed higher 6.67 or 0.79% to 855.61 and Indonesia JSE Index edged increased 0.47 or 0.02% to 2,449.81. Sensex index in India increased 375.19 or 2.21% to 17,353.54.

In London FTSE 100 Index closed higher 35.80 or 0.58% to 6,251.80, in Paris CAC 40 Index increased 2.27 or 0.04% to close at 5,057.51 and in Frankfurt DAX index lower 2.19 or 0.03% to close at 7,081.05. In Zurich trading SMI increased 88.82 or 1.17% to close at 7,683.43.
  1  2 More: Market Update Archive

 

 
About Us | Contact Us | Privacy Policy | Disclaimer

©1999-2008 123jump.com. All rights reserved