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Equity Market News 06th February 2012

Equity Org Headlines:

Essar Energy adds 3 percent in mostly lower London energy sector

Antofagasta leads miners higher in London

Hunting plc leads energy sector lower

Sports Direct International leads London retailers higher

Pace plc drops 40 percent on profits warning

Royal Bank of Scotland leads London banks lower

Royal Bank of Scotland leads banks, FTSE 100 higher in London

Lloyds Banking Group drops 8 percent on first-quarter loss

Lloyds shares down on PPI claims

Aquarius Platinum adds 7 percent amid mostly lower mining sector

15/07/05

Permalink 07:45:30 pm, Categories: New York NYSE, Technology, Energy & Power, Food, 191 words  

NYSE closes up as economic reports encourage investors

The New York equities markets closed on an up note Friday. The Dow Jones Industrial Average closed up 0.11 percent for the day to 10,640.83, the Nasdaq composite added 0.18 percent to 2,156.78, and the S&P 500 rose by 0.12 percent to 1,227.92.

Stocks were helped during the week by strong reports on the state of the economy as well as by good quarterly earnings reports from several companies.

Oil prices did not seem to upset the market, one analyst said, because investors knew that the price of crude oil was heavily weather-related in nature, rising when storms threaten Gulf of Mexico oil facilities and falling when the threats subside.

Among the economic data released during the week was a report of a slightly smaller US trade deficit, higher retail sales in the US, and inflation that remained under control in June.

Apple and Advanced Micro Devices were the stars of the week, but at least one other company also released a good quarterly report.

PepsiCo, the second-biggest soft-drink manufacturer in the world, reported that strong growth in its international business resulted in better-than-expected quarterly profits, which translated into a 4.1 percent rise to $55.71 on the week.

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