US STOCKS-M&A, Dell earnings lift futures
Stock index futures rose on Wednesday after estimate-beating results from Dell and a deal for Sanofi-Aventis to buy Genzyme for $20.1 billion in cash.
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Stocks in new highs over acquisitions, earnings, consumer credit rise
Windsor Genova – AHN News News Writer
New York, NY, United States (AHN) – U.S. stocks rose to new highs on Monday as acquisitions, corporate earnings and a rise in consumer credit use in December boosted investors’ confidence.
The Dow Jones Industrial Average’s 69-point or 0.57 percent surge brought the index to its highest close since June 16, 2008 at 12,162.
The Standard & Poor’s 500 Index rose 8 points or 0.62 percent to 1,319 boosted by financials Loews, CNA Financial and American International Group. This high was last hit on June 25, 2008.
The Nasdaq Composite Index gained 15 points or 0.53 percent to close at 2,784. The last time it went that high was on Nov. 6, 2007.
Meanwhile, oil for March delivery shed $1.55 to settle at $87 a barrel.
Gold futures for April delivery was down 80 cents to $1,348 an ounce.
Article © AHN – All Rights Reserved
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08
February
2011 Time: 13:06Earnings Watch For Feb 8 (AVP, BZH, SLE, DIS, MFE, PBI)
Cosmetics company Avon Products Inc. (AVP) is scheduled to post fourth-quarter results. The company is expected to report earnings of $0.67 per share on revenues of $3.28 billion. In the year-ago quarter, Avon Products recorded earnings of $0.68 per share on revenues of $3.18 billion. The stock closed Monday at $29.35. (Stock down around 9% in Q4; MA(50)- $29.08; MA(100)- $30.24; 52-wk H/L $36.39/$25)
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08
February
2011 Time: 11:27Market could rally on earnings
NEW YORK: With earnings continuing to surprise on the upside and minimal technical resistance ahead, the bears may have to wait a bit longer for the much-anticipated end to the current stock rally. …
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06
February
2011 Time: 20:09Stocks & Bonds: S.&P. Continues to Climb as Earnings Top Estimates
Companies reported strong earnings and the jobless rate declined to 9 percent, sending the S.& P. higher.
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05
February
2011 Time: 4:11Asian shares gain on tech earnings; Europe down
World stock markets were mixed Wednesday, with Asia’s high-tech shares pushing higher after strong earnings from Apple Inc. and European indexes slightly lower amid efforts to tackle the region’s massive debt problem.
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19
January
2011 Time: 10:12Movie rental delays to hurt Redbox’s parent
Coinstar Inc.’s stock price was set to plunge at Friday’s open, as the owner of the movie rental service Redbox pays the price for lowering its earnings guidance.
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14
January
2011 Time: 13:10Algeria Jan-Nov trade surplus up on higher energy earnings
Higher world oil prices pushed Algeria’s trade surplus up to $14.80 billion in the first 11 months of 2010 from $4.70 billion in the same period last year, official figures showed on Saturday.
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27
December
2010 Time: 19:03Lofty profit hopes lift Yara stock to two-year top
The nitrogen giant says earnings could hit a record, far higher than analysts are predicting, if demand stays strong
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07
December
2010 Time: 15:09GM posts strong earnings ahead of IPO
General Motors says it made $2 billion in the third quarter, a strong showing that helps the company’s pitch to investors who may buy stock in an initial public offering.
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