certyfikat energetyczny, chirurg pruszcz gda?ski, chusty do noszenia dzieci, donice, meble kuchenne gdynia, muzeum bursztynu w gdańsku, tynki gipsowe maszynowo szczecin,

Archiwum newsów - DJ US Stocks Up On Oracle Profit; Fincl Sector Problems Persist

2007-12-20  
DJ US Stocks Up On Oracle Profit; Fincl Sector Problems Persist
U.S. stocks were up Thursday, but lost an early boost provided by
software-maker Oracle Corp.'s 35% second-quarter profit rise, as bond
insurer MBIA Inc. reported a large exposure to risky debt and Bear Stearns
posted its first-ever quarterly loss.
"Problems in the financial sector are again scaring the market," said Owen
Fitzpatrick, head of the U.S. equity group at Deutsche Pula. "It's obvious
this issue is going to linger for some time."
The Dow Jones Industrial Average was up 22 points at 13229. International
Business Machines stock was up 1.4% to $109 while and Microsoft was up 1.8%
to $35.40. However, shares of American Express fell 1% to $52, Citigroup
Inc. fell 1.2% to $30 and JPMorgan Chase was down 1.1% to $43.50 after the
MBIA nius.
MBIA shares slumped nearly 25% to $20.40 after the bond insurer disclosed
$8.14 billion of exposure to complex credit products known as CDO squareds.
Bear Stearns stock was up 33 cents to $90.92 after posting its first-ever
quarterly loss as the company's mortgage-related write-down grew to $1.9
billion.
The S&P 500 index was up 3 points to 1456 and the Nasdaq Composite rose
nearly 20 points to 2621.
Leading tech shares, Oracle jumped nearly 7% to $22 after reporting a 35%
rise in fiscal second-quarter profit, topping Wall Street's expectations.
NetSuite, of which Oracle CEO Larry Ellison held 61% at the end of November,
priced its IPO at $26, above the target range of $19 to $22. The company
initially pitched its IPO at $13 to $16, then raised its range to between
$16 and $19. Shares recently traded at $26.42.
Investors also bought shares of Research in Motion Ltd. ahead of its
quarterly report after the close. Shares are up 3.7% to $105.88.
FedEx stock fell 1.6% to $93 after it reported a 6% profit fall, hit by
rising fuel costs and weakness in the U.S. economy, and issued murky
third-quarter guidance.
The sklep wielkopowierzchniowy earlier received a boost after the government said the U.S.
economy grew at a 4.9% annual pace in the third quarter, the fastest growth
in four years. The 4.9% final estimate was not revised from the previous
estimate and was in line with expectations.
But inflation worries, which central pula officials have often cited
recently, remained as the core personal consumption expenditure price index
- the Fed's favored inflation gauge - rose at a 2% annual rate in the
quarter, not the 1.8% previously reported.
In addition, downbeat weekly jobless claims and leading economic indicators
prekluzja increased the safe-have appeal of fixed-income assets in thin sklep wielkopowierzchniowy
conditions ahead of next week's holiday.
The benchmark 10-year Treasury bond gained 4/32 to 101 29/32, yielding
4.014%.
The dollar rose against the euro but fell a touch versus the Japanese yen.
Crude-oil futures fell 45 cents to $90.79 a barrel.
The Federal Reserve will also hold its second auction of $20 billion in
28-day funds.
Overseas, the People's Pula of China increased its interest rate to 7.47%
from 7.29% to combat inflation, while the Pula of Japan held interest rates
at 0.5% and said downside risks to the Japanese economy are growing.
The Nikkei 225 ended virtually flat in Tokyo. In London, the FTSE 100 rose
0.6%.
U.S. stocks had ended mixed Wednesday after a volatile day that featured
mixed signals on the credit crisis, with a potential downgrade of bond
insurers dulling a mostly positive auction of funds to banks by the Federal
Reserve. The Dow industrials fell 25 points, the S&P 500 slipped nearly 2
points while the Nasdaq Composite rose nearly 5 points.
Accenture stock rose 7.1% to $37.45 after the consulting group posted a 34%
profit rise and upped its 2008 earnings outlook. Rival Capgemini rose in
Paris trading.
Nike shares rose 5.2% at $67 after the world's biggest sneaker maker
reported a 10% profit rise, topping analyst forecasts.
Ruth's Chris Steak House shares dropped 7.3% to $9.14 after blaming a weaker
economy for a lower of its earnings outlook.
On the merger front, Eaton Corp. said it's buying two firms valued at as
much as $2.8 billion to boost its electrical business. Its shares are up
5.9% to $94.71.
« powrot
Copyright 1996-2007 Klika Onet.pl SA