Shares of a variety of manufacturing companies rose Wednesday, along with the broader market, on news that factory orders rose strongly in July. The jump in orders was fueled by the biggest jump in demand for autos in more than eight years and a surge in commercial airplane orders.
Telecom Stocks: Sprint, tower stocks jump as AT&T hits wall
Federal opposition to AT&T’s proposed acquisition of T-Mobile lit a fire under shares of Sprint and operators of wireless towers. AT&T, for its part, gets pinched as investors fear a massive breakup fee.
US STOCKS SNAPSHOT-Nasdaq turns lower, Wall St cuts gains
NEW YORK, Aug 31 (Reuters) – U.S. stocks pared gains andthe Nasdaq turned negative on Wednesday as hopes for newstimulus measures from the Federal Reserve in the weeks aheadvied with signs the economy …
US crude stocks fall but WTI price slips
Oil stocks keep falling at Cushing, Oklahoma, the delivery point for US crude futures, making all the more curious a persistent price disparity on either side of the Atlantic.
Sector Snap: Japanese Auto Companies
Slowing demand in the United States and Europe and a strong yen will continue to cut into the profits of Japanese automakers, Credit Suisse said Wednesday, as it cut ratings on the nation’s biggest companies.
With ECB Shelving its Tightening Campaign, EUR Set to Weaken vs AUD and NZD
There have been several developments recently on the European front which have put pressure on the EUR. We highlighted some of those yesterday.
Today we have a fresh round of concerns, mainly revolving around Greece and the issue of Finland demanding collateral for putting up money as part of the second
EUR/USD Sentiment of Major Banks
The EUR/USD currency pair has been staggered in a well-developed range for a prolonged period of time. Weak economic conditions in both the United States and the Euro-zone have allowed the EUR/USD currency pair to trade in a 1.42 to 1.47 range for nearly half a year. In turn, it
Market Snapshot: U.S. stocks may end win streak at 3 sessions
Wall Street rally fades as the Dow industrials’ move into positive territory for 2011 looks iffy on the final trading day of a volatile month.