Posts filed under 'Global Markets'
The US Stock markets are in the red this morning. NASDAQ is down by about 12.1 points while Dow Jones Industrial Average is down 87.85 points.
The advancing stocks list of NASDAQ includes Vanda Pharmaceuticals Inc. (VNDA), Scopus Video Networks Ltd. (SCOP), INX Inc. (INXI), Albany Molecular Research, Inc. (AMRI) and STEC, Inc. (STERC)
Vanda zoomed by 26.84% with a volume of 1,790,789 shares traded (As of 5/5/2008 12:06:55 PM). The biopharmaceutical company recently reported a narrower than expected Q1 losses. The upside moved today is after news broke out that analysts are expecting Vanda’s schizophrenia drug Fanapta to win FDA approval. The decision of FDA is expected to come out in July.
1 U.S. dollar = 105.11931 Japanese yen
1 U.S. dollar = 0.6472073 Euros
May 5th, 2008
May 1st is May Day and most equity and debt markets across the world closed.
Happy May Day!!
May 1st, 2008
The American markets had a mixed day on Monday. NASDAQ lost points for the first hour of trade before taking a reveral route. The reverse course continued for almost till the end before which the index reversed and closed the day a mere 1.47 points up. Dow Jones Industrial Average closed in the red losing 20.11 points. The S&P 500 lost 1.47 points.
Mars, the makers of M&M’s has announced it is interested in acquiring the chewing gum company Wm. Wrigley Jr. Company for about $23 Billion. Warren Buffett seems to be joining hands with Mars to make the later America’s gaint food company.
Wm. Wrigley Jr. Company (Public, NYSE:WWY) closed the day at 76.91 up by +14.46 (23.15%). The script has a P/E of 33.77
Meanwhile, the Asian markets opened the Tuesday morning in the red. All Ordinaries is down 3.5 points. Straits Times, Seoul Composite and Taiwan Weighted too are marginally in red. The oil prices are the most watched after its price touched near $120 a barrel.
1 U.S. dollar = 104.101603 Japanese yen
1 U.S. dollar = 40.0496616 Indian rupees
April 29th, 2008
The Asian stock markets are trading largely in the green territory. Except for the All Ordinaries, Hang Seng, Jakarta Composite and Taiwan weighted index which are in the red, the rest of Asia is sounding okay.
Earlier the US markets closed the day the green. The Dow is up 0.67%, NASDAQ is up 0.99% and S&P 500 is up 0.64%
USD-Euro: 0.637
USD-Yen: 104.020
USD-GBP: 0.507
April 25th, 2008
The Asian markets are trading volatile in the early hours of opening bell and are slowly gaining strength. Shanghai Composite is up over 1.89% while the rest of the markets are moving marginally between the red and green territories.
Earlier the US Stock Markets had a relatively bad day. The NASDAQ lost 31.1 points down 1.29%. Dow Jones Industrial Average is down 104.79 points and is down 0.82%. The S&P 500 is down 12.23 points or 0.88%.
The most declining stocks on the NASDAQ today are UAL Corporation, Omnicell, Inc., Netflix, Inc., Trubion Pharmaceuticals, Inc. and Bruker Corporation amongst others.
Netflix (NFLX) is down despite a positive Q1 results announcement. Traders and Investors seems to be cautious after Netflix said that increased investments in digital downloads would cut their earnings this year. The script closed at 30.00 (down 9.32 points; down 23.70%) and has a P/E of 30.87.
April 23rd, 2008
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