US stocks advanced in early trade on Tuesday as Alcoa kicked off the earnings season by beating forecasts, while Japan’s pledge to buy eurozone bonds eased concerns about eurozones debt.
The companies which are expected to see active trade on Tuesday are Alcoa, Advanced Micro Devices, Lennar Corp, Supervalu, Apollo Group, Stryker, Intel and Nvid
The top after-market NYSE gainers on Monday are: Nautilus, KKR & Co, Stryker, Lennar and GATX. The top after-market NYSE losers on Monday are: The St. Joe Co, CBIZ, Headwaters, Advanced Micro Devices, MarkWest Energy and Alcoa.
Stocks finished mixed, following a sell-off in Europe, on worries over Portugal possibly needing a financial bailout, ahead of the kick-off of the fourth-quarter earnings season.
The shocking (and highly ludicrous) news over the weekend that Mark Zuckerberg was going to shut down Facebook because it was causing him too much “stress” was only the latest in a long line of corporation-related hoaxes that have long amused, annoyed and bedeviled the public.
For all its dilution and exceptions, the Volcker Rule is no joke and has prompted the exodus of prop traders from big banks like Goldman Sachs.
Education-related stocks are getting hammered this morning after a prominent company in the field, Strayer Education (Nasdaq: STRA) reported a 20 percent drop in poor enrollment for its latest winter term.
BP Plc, which is tormented by the Gulf of Mexico oil spill, has witnessed a positive development last week when Presidential Commission did not find BP solely responsible for the oil spill.
Futures on major U.S. stock indices point to lower opening on Monday with futures on the S&P 500 down 0.58 percent, futures on the Dow Jones Industrial Average down 0.42 percent and Nasdaq100 futures down 0.40 percent.
The Dow Jones Industrial Average fell 22.55 points, or 0.19 percent, to finish at 11.674.76. At one point the Dow was down as much as 100 points. The S&P 500 dropped 2.35 points, or 0.18 percent, to 1271.50; while the Nasdaq shed 6.72 points, or 0.25 percent, to 2703.17.
JPMorgan Chase and Morgan Stanley received approval from Chinese regulators to form joint ventures with domestic firms, which would allow them to participate in underwriting Chinese stock and bond offerings.
Bank shares are weakening after the Massachusetts State Supreme Judicial Court upheld a decision that two foreclosures from U.S. Bancorp (NYSE: USB) and Wells Fargo (NYSE: WFC) were not valid because the banks did not properly show they held the mortgages at the time of the foreclosure.
Given how Apple shares have sailed into the stratosphere, supported by wildly successful product launches (thereby making lots of happy investors); the company is unlikely to hand out dividends for the foreseeable future.
Apple Inc.'s CEO Steve Jobs has received a salary of $1 per year since rejoining the company in 1997, a regulatory filing showed.
BB&T CEO Kelly King speaks to IBTimes about taking advantage of the financial crisis (because of its status as a healthy bank) and the difference between BB&T and national banks like Citigroup.
The top after-market NYSE losers on Thursday are: Liz Claiborne, Aeropostale, The Shaw Group, AK Steel Holding, RSC Holdings, Alere, RAIT Financial, Temple-Inland, CBIZ and BPZ Resources.
The top after-market NYSE gainers on Thursday are: The McClatchy Co, Newcastle Investment, Taubman Centers, Agree Realty, Office Depot, Quantum Corp, Jaguar Mining and Ferro Corp.
U.S. stocks finished mixed in queasy trading ahead of tomorrow’s nonfarm payroll report from the government. Investors also pondered a rise in initial jobless claims and some weaker-than-expected December sales from some major retailers.
Shares of grocery retailer SuperValu (NYSE: SVU) have plunged almost 25 percent since mid-October amidst an increasingly difficult environment for food retailers.
Shares of Halliburton Co. (HAL) and Anadarko Petroleum Corp. (APC) are dropping this morning after a report by a presidential commission into the Gulf of Mexico oil spill from last year spread the blame to various parties, not only BP plc (NYSE: BP).
The top after-market NYSE gainers on Wednesday are: Sally Beauty, Sandridge Energy, Ruby Tuesday, Resolute Energy, Teekay Tankers, Yingli Green, Zale Corp, CapitalSource and Southwestern Energy.
The companies that reported news on Wednesday after the market close are: Cisco Systems, CenturyLink, Qwest Communications, Delta Air Lines, Massey Energy, AMR, American Airlines, Ruby Tuesday, Resources Connection, Mindspeed Technologies, Quidel, Lacrosse Footwear, and Daqo New Energy.
