Dow Jones Industrial Average Closes Above 10,000 Points, First Time in Over a Year Xstrata PLC Drops Proposed GBP 29.6B (USD 48B) Merger of Equals Deal with Anglo American PLC Nokia Corp Reports Unexpected Third Quarter Net Loss of EUR 559mm (USD 833.9mm) on Weak Demand for Mobile Products Brewer, Anheuser-Busch InBev NV to Sell [...]
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Also tagged Anglo American Plc, Anheuser-Busch InBev NV, Capital Partners Ltd., Dow Jones 10000, Dow Jones Industrial Average 10000, ING Asian Unit, Nokia Loss, OCBC Corp, Overnight Market News, Overnight Markets, Xstrata Plc
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Solid earnings at Ford Motor Co. and others, sent the Dow Jones Industrial Average (DJIA) soaring above 9000 points in the early hours of trading yesterday. This marked the first time that the world’s best known stock market gauge had risen above the 9000 mark since January 2009. Likewise, the Standard & Poor’s 500 Index [...]
In trading yesterday, the Dow Jones Industrial Average closed at 8339.01, down 200.72 points (2.35%) from the day’s start. Similarly, the Standard & Poor’s 500 Index slumped 2.6% to 893.04 points, following the first weekly decline in more than a month. Most of the indices’ decline is due to the World Bank announcement that it [...]
The Chicago Board Options Exchange Volatility Index (more popularly known as the VIX) added 9.7% to jump to 30.89 yesterday. This upward-movement of the Index, which is widely accepted as a ‘fear gauge’, suggests that there may be dark skies ahead for the U.S. stock market as investors have gotten more anxious. In the same [...]
Travelers Cos Inc. is riding high after becoming one of the latest additions to the Dow Jones Industrial Average. To top things off, the insurer slightly upgraded its earnings projection for 2009 after it resumed share buybacks this quarter. Travelers Cos now expects an operating income per share of between US$4.55 and US$4.95 vs. an [...]
Cisco Systems Inc., the world’s biggest networking equipment maker, will become the latest addition to the Dow Jones Industrial Average, replacing General Motors Corp. With close to 130 firms under its belt, Dow Jones continues to exceed expectations as it expands its technology portfolio and product lines. According to Cisco, its inclusion on the Dow [...]