Spread Betting US Shares Market Update
Wall Street has been approaching new highs for 2009 so far today, as buoyant metal prices and the release of better-than-expected US quarterly results from several companies attracted investors to equities.
US miners have been having a good day, with Alcoa up 3.54% to $11.40, Century Aluminium 5.2% higher at $28.45 and Newmont Mining 2.3% above [...]
Wall St and Commodities Spread Betting Markets Tumble
The FTSE remained up this afternoon, reaching 4549.55 by 3pm despite failing to hold on to all of this morning’s gains. Meanwhile, on Wall Street, commodities prices tumbled and negative manufacturing figures weighed on hopes of a recovery.
The FTSE’s slight slip backwards was reflected by some of the index’s winners and losers. Schroders’ share price [...]
US Spread Betting Markets Hit by Profit Taking
US markets were back in the red today, as investors continued to take profits on the back of last week’s rally.
Data released today revealed that rising US unemployment has lead to a sharper-than-expected drop in US consumer confidence data. This exacerbated declines on Wall Street because it indicates that household spending is likely to [...]
Wall St Index Hit by Profit Taking
Wall Street was struck by a bout of profit taking today, as Aetna and Honeywell’s disappointing full-year earnings forecasts weighed on market sentiment.
This could be due to the fact that the stronger-than-expected second-quarter earnings were completely priced into the market last week. Equity analysts may now be beginning to focus on the third- and [...]
US Equities send Wall St Index Lower
Wall Street has been shedding some of yesterday’s gains this afternoon, as disappointing results from Microsoft, Amazon and American Express knocked the shine off US equities.
Microsoft plunged 10.6% to $22.85 within the first hour of trading after failing to live up to the market’s expectations. The world’s largest software maker last night revealed that [...]
Wall Street Index Continues to Be Strong
Wall Street opened stronger today, as the majority of earnings released so far today topped consensus estimates.
The focus was on Ford Motors today, which delivered better-than-expected bottom line results, predominantly owing to the restructuring of its debt.
The only major US automaker to avoid government support today reported a second-quarter after-tax operating loss of [...]
Dow Jones Index Trading Update
Wall Street opened slightly lower today but soon rebounded as investor sentiment fluctuated due to mixed results announcements from companies across key sectors.
By 4pm (London time) the Dow Jones Industrial Average was up a notch at 8920.33 (+0.5%), and the wider S&P 500 was down to 954.42 (-0.02%). In contrast, the Nasdaq was steadier and [...]
Spread Betting and US Shares Remain Buoyant
Wall Street opened higher today, as the growing list of US companies producing better-than-expected quarterly earnings encouraged investors to buy equities.
However, trading is beginning to appear somewhat cautious, with the S&P 500 struggling to maintain gains above the 950 level so far today.
Caterpillar, a major manufacturer of industrial equipment, soared 12% to $41.07 [...]
US Equity Markets in Positive Territory
US equity markets opened in positive territory today as bankruptcy risks haunting troubled commercial lender CIT Group subsided after bondholders threw the company a $3 billion lifeline.
Investors cheered after CIT Group, the century-old lender to nearly one million small- to mid-sized businesses, rallied 90% to $1.33 a share after a group of bondholders offered [...]
Mixed Result for Wall St Equities
Sentiment on Wall Street was tempered by General Electric’s results, which countered the optimism emanating from Citigroup and Bank of America’s better than expected quarterly results.
US bellwether General Electric tumbled 4.8% to $11.80 a share this afternoon after unveiling a disappointing 17% slump in second quarter revenues, which came in at $39.1 billion – trailing [...]