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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

29/07/05

Permalink 05:24:17 pm, Categories: New York NYSE, Food, Oil, Aerospace, 270 words  

NYSE equities return to start prices despite good economic data

The New York equities markets found themselves at the end of the week almost exactly where they had started on Monday, losing early gains despite a group of positive reports on the US economy.

The Dow Jones Industrial Average lost 0.6 percent on Friday to close the week at 10,640.91, the Nadsaq also lost 0.6 percent to end at 2,184.83, and the S&P 500 declined by 0.8 percent to 1,234.18.

Amazon led the gainers on the week, with an advance of 19 percent to close at $45.15. Wendy’s International did very well, too, with a gain of 14.2 percent to $51.70, as it said Friday it would sell as much as 18 percent of its Tim Horton chain of coffee and donut shops in an initial public offering.

On the down side, Delta Airlines lost nearly 15 percent during the week to $2.96 after a warning that the air carrier is fighting to keep its head above water.

In the oil sector, Chevron reported a 10 percent decline in income as it tries to fight off CNOOC to purchase Unocal. The value of Chevron’s shares declined by 1.6 percent to $58.01.

Exxon Mobil was about even for the week but has gained nearly 15 percent since the beginning of the year, closing at $58.75. Royal Dutch Shell reported earnings above expectations and saw its shares rise by 1.5 percent to $61.28 on Friday.

In the aerospace sector, Boeing reported better than expected earnings in the second quarter, and even though profits fell 7 percent the airplane manufacturer upped its earnings outlook for the year.

While Boeing’s shares were flat at its close at $66.01, share value is up by more than 27 percent since the beginning of the year.

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