Asian shares drifted lower and the euro idled near an 11-month low on Wednesday after the Federal Reserve failed to take any new steps to stimulate growth and offset the chilling effects of Europe's still-unresolved sovereign debt crisis.
The top aftermarket NYSE gainers on Monday were: FXCM, Ship Finance International, Cameron International, Weatherford International, Exterran Holdings, Superior Energy Services, ANN, C&J Energy Services, Nabors Industries and Men's Wearhouse.
The top aftermarket NYSE losers on Monday were: Vulcan Materials, Skilled Healthcare Group, IntraLinks Holdings, Sun Life Financial, MarkWest Energy Partners, Mechel Steel Group OAO, Gildan Activewear, Frontline and Mueller Water Products.
The top after-market NASDAQ Stock Market gainers are: Savient Pharmaceuticals, SIGA Technologies, PDI, Apollo Group and Arena Pharmaceuticals. The top after-market NASDAQ Stock Market losers are: Pacific Biosciences of California, Primoris Services, Scientific Games, Complete Genomics and Integrated Device Technology.
The top after market NYSE gainers on Friday were: Gol Linhas Aereas Inteligentes, Suntech Power Holdings, Pier 1 Imports, Delek US Holdings and SunCoke Energy, Inc. The top after market NYSE Losers were: Weatherford International, Tidewater, National-Oilwell, Nabors Industries and ENSCO plc.
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On top of Eurozone debt troubles, Wall Street now has to worry about sagging sales from Europe as a recession in the region appears more likely than it has previously.
Stocks rose on Friday as European Union leaders agreed on measures to tackle the region's sovereign debt crisis and data showed U.S. consumer confidence rose to a six-month high.
The euro rose in early Friday trading after a report indicated China plans to create an investment fund to deal with the eurozone debt crisis.
Crude oil prices dropped below $98 a barrel in Asian trade Friday as investors' hopes dimmed over the outcome of a crucial European Union summit later in the day.
The top aftermarket NYSE gainers Thursday were: Cooper Companies, Pall Corp, AGL Resources, Enersys, Texas Industries, Strategic Hotels & Resorts, Goodrich Petroleum, Precision Drilling, Office Depot and Hertz Global Holdings.
The top aftermarket NYSE losers on Thursday were: Invesco Mortgage Capital, Texas Instruments, Stone Energy, Dynegy, Cincinnati Bell, Getty Realty, GenOn Energy, First Republic Bank, Esterline Technologies and MEMC Electronic Materials.
Asian stocks plunged Friday, following overnight declines on Wall Street, after the European Central Bank gave no indication of more government bond buying.
Shares of Alibaba.com Ltd fell nearly 8 percent to a two-month low early on Friday morning after sources said parent Alibaba Group is seeking up to $4 billion in debt financing, expected to help it buy back a 40 percent stake from Yahoo Inc.
The top pre-market NASDAQ stock market gainers are: Affymax, G-III Apparel Group, Central European Distribution, BioSante Pharmaceuticals, and Amgen. The top pre-market NASDAQ stock market losers are: Tesla Motors, Clearwire, Aixtron, ASM International, and Crosstex Energy.
Asian stock markets declined on Thursday, as investors' hopes declined over the outcome of a long-awaited crucial European Union (EU) summit later this week.
The top aftermarket NYSE gainers on Wednesday were: Methode Electronics, Titan International, C&J Energy Services, Talbots, Goldman Sachs Group, Morgan Stanley, McMoRan Exploration, Huntsman Corp, U.S. Bancorp and Novartis AG.
The top aftermarket NYSE losers on Wednesday were: 3D Systems Corp., Cabot Oil & Gas Corp., Atlas Pipeline Partners, L.P., Enterprise Products Partners, Armour Residential REIT, Range Resources, Frontline, Juniper Networks, St. Joe and MBIA, Inc.
The top after-market NASDAQ Stock Market gainers are: G-III Apparel Group, Central European Distribution, JetBlue Airways, Broadcom, and Seagate Technology. The top after-market NASDAQ Stock Market losers are: Clearwire, GTX, American Public Education, Western Liberty Bancorp, and China Medical Technologies.
U.S. equities rallied in the last hour of trading Wednesday, before retreating in the last few minutes, as rumors that a $600 billion International Monetary Fund Bailout of the European sovereigns was about to be announced swirled the market, only to be dispelled just before trading closed for the day.
In the past few months, but particularly in the last few days, the British Chancellor of the Exchequer and the Governor of the Bank of England, roughly British equivalents to the American Treasury Secretary and Fed Chairman, have become the bane of the English banking system's existence. Other British government officials have also joined the fray.
U.S. consumer credit holdings grew by $7.65 billion in October, the U.S. Federal Reserve said in its monthly report on consumer credit today. That growth, which represents an annualized rate of 3.7 percent, was more than had been expected by economists, who forecast growth close to $7 billion. The credit growth figure for September, which had been previously reported as $7.39 billion, was revised to a less-impressive $6.88 billion.
Now is not the time for experimental business models, which means now is the time to consider JC Penney (JCP), according to one stock reviewer.
India has retracted its plan to allow foreign retail chains like Wal-Mart and Britain's Tesco to open in the country, according to multiple reports. The reversal comes less than two weeks after the global business sector and the Indian government heaped praise on the original deal to let foreign retailers into India to jolt the country's economy and lower prices for farmers and consumers.
The deputy chief executive of French banking giant Société Générale (Paris:GLE) said during a conference in Paris Wednesday that the global banking industry is going through a "paradigm shift," according to the Wall Street Journal and Dow Jones Newswires.
To hear it from one side, private equity and hedge fund managers are under a veritable siege: under attack from politicians, regulators, an ornery market and uneasy clients. But the hedge fund managers themselves seem to be saying all is good in Greenwich.
The top pre-market NASDAQ stock market gainers are: Clearwire, First Solar, Marvell Technology Group, Randgold Resources and Yahoo. The top pre-market NASDAQ sock market losers are: Vera Bradley, First Niagara Financial Group, Wynn Resorts, EZchip Semiconductor and Vodafone Group.
Most Southeast Asian stock markets rose on Wednesday on optimism that European leaders will take strong steps to resolve the region's debt crisis at a summit later this week.
Crude oil prices gained in European trade on Wednesday, following hopes that European leaders will approve aggressive plans for tackling the region's debt crisis at Friday's European Union (EU) summit.
The top after-market NASDAQ Stock Market gainers are: Mitcham Industries, China Medical Technologies, ModusLink Global Solutions, Clearwire, and Carrizo Oil & Gas. The top after-market NASDAQ Stock Market losers are: Globe Specialty Metals, First Niagara Financial Group, Photronics, Vera Bradley, and Saia.
