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MORNING MARKET REPORT 07/07/2008

Raymond Teo (July 7th, 2008) Writes:

NEW YORK - Wall Street stocks fell following hefty market swings as investors fretted about the opening of the second quarter earnings season, sensing major banks could unveil further losses.
The leading Dow Jones Industrial Average declined 56.58 points, or 0.50 points, to end at 11,231.96. The Dow recovered some ground after falling over 100 points in earlier trading, partly on worries that corporate earnings may disappoint.
The tech-heavy Nasdaq composite dropped 2.06 points, or 0.09 per cent, to 2,243.32 while the Standard & Poor’s 500 index fell 10.59 points, or 0.84 per cent, to 1,252.31.

LONDON - Britain’s leading share index ended up almost two per cent as energy companies rebounded after last week’s fall, while lower crude prices boosted travel and leisure companies.
The FTSE 100 closed at 5,512.7 points, up 99.9 or 1.85 per cent.

FRANKFURT - The DAX index ended at 6,395.75 points, up 123.54 or 1.97 per cent.

PARIS - The …

MORNING MARKET REPORT

Raymond Teo (July 3rd, 2008) Writes:
NEW YORK - The Dow sank into a bear market on Wednesday as US stocks fell on growing concerns about the toll that record oil prices are taking on the economy and corporate profits. The Dow Jones industrial average tumbled 166.75 points, or 1.46 per cent, to 11,215.51. The Standard & Poor’s 500 Index lost 23.39 points, or 1.82 per cent, to close at 1,261.52, while the Nasdaq Composite Index slid 53.51 points, or 2.32 per cent, to 2,251.46. LONDON - UK stocks shed 1 per cent, extending the previous session’s sharp losses as miners fell on weaker coal prices and Marks & Spencer slumped after a profit warning, though drugmakers rose. The FTSE 100 closed at 5,426.3 points, down 53.6 or 0.98 per cent. FRANKFURT - The DAX index ended at 6,305.42 points, down 10.52 or 0.17 per cent. PARIS - The CAC-40 index closed at 4,296.48 points, down 44.73 or 1.03 per cent. TOKYO ...

MORNING MARKET REPORT

Raymond Teo (July 1st, 2008) Writes:
NEW YORK - The Dow and S&P 500 were little changed on Monday on the final trading day of the second quarter as record oil boosted energy shares, offsetting weak financial stocks amid nagging concerns of further credit losses. The Nasdaq ended the session lower, hurt by a drop in the shares of Yahoo as it battles with shareholders after takeover talks with Microsoft fell apart. The Dow Jones industrial average gained 3.50 points, or 0.03 per cent, to 11,350.01. The Standard & Poor’s 500 Index was up 1.62 points, or 0.13 per cent, at 1,280.00. The Nasdaq composite index was down 22.65 points, or 0.98 per cent, at 2,292.98. LONDON - UK stocks ended 1.74 per cent higher, with oil stocks gaining on a record high crude price and miners, led by Anglo American, advancing on firmer metals. The FTSE 100 index closed 96 points higher at 5,625.9. FRANKFURT - The DAX index ended at ...

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