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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

25/08/05

Permalink 03:15:48 pm, Categories: New York NYSE, Manufacturing, Retail, Services, Cars, 202 words  

York International pushes equity gains against oil prices

The New York equities markets closed up on the day Thursday, but the gains they made were nearly cancelled out when oil prices rose once again during the day.

The Dow Jones Industrial Average gained 0.2 percent to 10,450.63, the Nasdaq composite was up 0.3 percent to 2,134.37, and the S&P 500 added 0.2 percent to 1,212.40.

The biggest gain of the day came from heating and air conditioning manufacturer York International, which gained 36 percent to $56.79 after auto parts supplier Johnson Controls offered a takeover bid. Other companies in the sector also rose.

Lennox International added 5.8 percent on the day to $24.48, while American Standard rose by 2.9 percent to $44.88. Elsewhere, Six Flags gained 11 percent to $7.26 after it said it would seek outside buyers in an effort to turn back an effort by one of its investors to take over the company.

In the automobile manufacturing sector, Ford and General Motors both fell after Moody’s cut their debt ratings to junk status after the close of trade on Wednesday. Ford dropped 1 percent to $9.82, while GM lost 0.5 percent to $34.09.

Chain retailers Lowe’s and Best Buy did well on the day. Home improvement company Lowe’s was up 2.1 percent to $64.19, while home electronics retailer Best Buy added 2.9 percent to $46.75.

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