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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

09/08/05

Permalink 05:11:05 pm, Categories: New York NYSE, Sectors, Technology, Entertainment, Leisure, Airlines, 234 words  

New York investors unperturbed by interest rate rise

Investors on the New York equities markets didn’t seem bothered by the rise in interest rates introduced by the Federal Reserve on Tuesday.

This attitude, along with slightly lower crude oil prices and a report that labor costs in the US were being held to reasonable levels, helped the Dow Jones Industrial Average, the Nasdaq composite, and the S&P 500 to gains on the day.

The Dow closed up by 0.8 percent to 10, 615.67, the Nasdaq added 0.4 percent to 2,174.19, and the S&P was up 0.7 percent to 1,231.39.

Delta Air Lines had a bad day when Merrill Lynch issued a warning that climbing oil prices could be the factor that tips Delta into bankruptcy. Delta lost 12.6 percent on the day to close at $1.95.

Video and games rental company Blockbuster didn’t have an especially good day either after it reported quarterly losses that more than doubled expectations after trying to challenge competitor Netflix in the online-order DVD rental market. Blockbuster fell 11.5 percent on the day to $7.09, 75 percent lower than its highest price of $29.51, reached in May 2002. Netflix, meanwhile, saw a gain of 1.9 percent on the day to $21.34.

Cisco Systems, the internet equipment maker, did better, gaining 1.9 percent to $19.61 on anticipation of a good quarterly report which was due to be released after the close of trade.

Walt Disney, which was also set to report after trade closed on Tuesday, was up by 2.9 percent to $26.14.

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