Stock Market Ends High on Greece Bailout
Publish Date : 5/31/2011 5:50:00 PM
The U.S. stock market finished on an up note new hopes that a deal would prevent Greece from defaulting on its debts. An unexpected drop in consumers confidence in the U.S. economy kept the gains in check.
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Consumer Confidence Falls, US Stocks Pare Opening Gains
Publish Date : 5/31/2011 12:22:00 PM
The Conference Board’s Consumer Confidence Index fell to 60.8 from a revised 66 in April. The figure suggests that the Americans are losing faith that the economy will keep improving. The decline in the confidence index reflects sign of the toll that high gas prices, a wary job outlook and a declining housing market are taking on people’s psyches.
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Nokia Declines 15 Percent, After Slashing Sales and Profit Outlook
Publish Date : 5/31/2011 11:33:00 AM
Nokia Corp. (NYSE: NOK) said Tuesday that it expects earnings for the second quarter to be worse than expected because of falling sales and tough competition in the smartphone market. The company also scrapped its forecasts for FY 2011, sending shares crashing more than 16 percent in the morning session of trade on Tuesday.
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Home-Price Index Decline, Hit Post-Bubble Low
Publish Date : 5/31/2011 10:56:00 AM
US single-family home dropped in March and have reached their lowest level since their 2009 low, as the housing market remained bogged down by inventory and weak demand. Home prices in major areas have reached their lowest level since the housing bubble burst of 2006, driven by foreclosures.
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Top Five Market Gainers
Publish Date : 5/27/2011 12:00:00 PM
FIberTower Corp. (Nasdaq: FTWR) gained 62.16 percent, trading at $1.80, up $0.69. Volume traded was 4,733,501, compared with average volume of 369,365.
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US Sues H&R; Block (NYSE: HRB) to Stop Purchase of TaxAct Software
Publish Date : 5/23/2011 1:30:00 PM
The US justice department filed a lawsuit on Monday to prevent H&R; Block Inc. (NYSE: HRB) from acquiring 2SS Holdings Inc. developer of the TaxAct digital tax preparations business, saying the combination of the companies would reduce competition in the growing market for consumer tax preparation software.
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Industrial Stocks Sink Wall Street, CAT Leads the Fall
Publish Date : 5/23/2011 1:00:00 PM
Most of the blue-chip components sank Monday, led by Caterpillar (NYSE: CAT), which is trading lower by 3.06 percent to $101.14. All key S&P; 500 sectors fell, led by industrials, technology, and energy.
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Technology Stocks Drop Led by Apple
Publish Date : 5/23/2011 11:45:00 AM
The technology stocks traded mower Monday, with shares of Apple Inc. (Nasdaq: AAPL) leading the decline in the sector, as investors assessed the impact of the explosion at Foxconn, the China-based manufacturer of iPad.
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US Stocks Slide, Joins World Sell Off on European Debt Worries
Publish Date : 5/23/2011 11:15:00 AM
US Stocks plunged Monday after warnings about the finances of several European countries creating fears that the region’s debt crisis is worsening. The euro also dipped to its lowest level in two months against US dollar.
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Airline Stock Lower on Iceland’s Ash Fear
Publish Date : 5/23/2011 9:57:00 AM
Shares of US airlines and travel operators fell Monday as fear grew that the weekend eruption of Iceland’s Grimsvotn volcano could lead to widespread disruption in flight schedule, like that of April 2010, when airlines were forced to ground flights and had to look after the stranded passengers. The efforts of looking after the stranded passengers, turned out to be very costly and it showed in the earnings of the airline companies.
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