SITE SEARCH | NEWS | EARNINGS | CALENDARS | MUTUAL FUNDS
Sector Tables: Energy - Retail - Utilities - REIT - Banks - Brokerage - ETFs | Oil Data
Login | Subscribe to Ticker
Market Update : 
Sears Climbs 12%
Author: Elena Todorova
123jump.com
Last Update: 10:16 AM EDT May 18 2006


(Continued)

Email article | Print article

U.S. stocks advanced at opening, recuperating from steep losses the previous session, as investors turned to bargain hunting. Sears Holdings Corp. led gainers, rising 12% after reporting a much bigger-than-expected quarterly profit. The department store operator reported Q1 earnings of $1.14 a share, up from a loss of 7 cents a share a year-ago.

 
Light crude oil was trading 14 cents down at $68.55 a barrel by 0742 GMT, continuing yesterday’s 84-cent loss. London Brent gained 3 cents to $69.07. Gold declined in early trade to $687.50 an ounce, down from $696.70, along with silver which also lost ground to$13.10 an ounce, down from $13.30 an ounce. The dollar fell against the euro. The euro bought $1.2792, up from $1.2741 late Wednesday. The British pound traded at US$1.8880, up from US$1.8816 and the yen was slightly stronger. The dollar traded at 110.65 Japanese yen, down from 110.96 yen.
Back More: Market Update Archive

 

 
About Us | Contact Us | Privacy Policy | Disclaimer

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