Yahoo profit soars following the Alibaba IPO

Posted by Forexsq 8 hours ago (
img Yahoo can't hide behind Alibaba anymore.

The Web giant's profit soared in the third quarter, after earning $6.3 billion from selling part of its stake in Alibaba (BABA, Tech30), the Chinese e-commerce giant. Alibaba debuted last month on the New York Stock Exchange in the largest IPO in Wall Street history.

Yahoo (YHOO, Tech30), whose stock had been buoyed by the pre-IPO hype, has already c

European Stocks Rise Most Since 2011 on Stimulus Pressure

Posted by Forexsq 5 days ago (
img European stocks climbed the most in almost three years, ending their longest losing streak in 11 years, as an ailing euro-area economy increases pressure on policy makers to provide more stimulus measures.

The Stoxx Europe 600 Index jumped 2.8 percent to 318.68 at the close of trading, after a 7.7 percent slump in the past eight days dragged it to the lowest level of the year. Equities extende

U.S. stocks rally; GE rises on earnings beat

Posted by Forexsq 5 days ago (
img U.S. stocks rallied on Friday, recovering some of the deep losses of the roller-coaster week, which had been colored by concerns about global growth and the spread of Ebola.

The main benchmarks were boosted by upbeat earnings reports from heavyweights, such as General Electric, Honeywell and Morgan Stanley.

S&P edges higher but IBM results drag Dow

Posted by Forexsq 2 days ago (
img U.S. stocks were mixed on Monday, with the S&P 500 and Nasdaq posting modest gains, but the Dow falling as quarterly results from IBM disappointed.

IBM (IBM.N) shares slumped 7.3 percent to $168.69 as the biggest drag on both the Dow and S&P 500 after the company's third-quarter earnings fell well short of Wall Street expectations. IBM had earlier said it would pay Globalfoundries $1.5 billion

Stocks turn mostly positive; Dow still in the red

Posted by Forexsq 2 days ago (
img U.S. stocks turned mostly positive in early trading Monday after starting out largely in the red. The S&P 500 SPX, +0.31% rose 0.2%, the tech-heavy Nasdaq COMP, +0.62% gained 0.4% and the small-cap Russell 2000 RUT, +0.65% rose 0.6%, as each index climbed out of negative territory. The Dow industrials DJIA, -0.26% remained lower, losing 64 points as it was hurt by IBM's IBM, -6.76% 7% loss after

IBM Plunges as CEO Abandons 2015 Earnings Forecast

Posted by Forexsq 2 days ago (
img International Business Machines Corp. (IBM) plunged the most in more than four years after abandoning an earnings forecast for 2015, as the company struggles to transform fast enough to handle the shift to cloud computing.

IBM said it will provide an update on its projections in January, ditching a five-year plan to boost profit. The shares tumbled as much as 8.4 percent, dragging down the Dow

Most U.S. Stocks Advance as Apple Overshadows IBM

Posted by Forexsq 2 days ago (
img Most U.S. stocks rose as gains in Apple Inc. (AAPL) and consumer companies overshadowed International Business Machines Corp.’s plunge after withdrawing its profit forecast.

Apple Inc. advanced 1.7 percent before reporting quarterly results after markets close today. Consumer stocks including Hasbro Inc., Lennar Corp. and Netflix Inc. climbed more than 2.6 percent. IBM (IBM), the second-bigges

European Stocks Decline After Four-Week Rout as SAP Drops

Posted by Forexsq 2 days ago (
img European stocks fell, following their longest streak of weekly losses in more than a year, as worse-than-estimated financial results added to concerns over the region’s economic recovery.

SAP SE lost 4.2 percent after the world’s largest supplier of business-management software cut its full-year earnings forecast. Royal Philips NV declined 4.1 percent after third-quarter sales and profit misse

McDonald’s profit falls 30% on U.S., China woes

Posted by Forexsq 1 day 9 hours ago (
img McDonald’s Corp. said its third-quarter earnings fell a worse-than-expected 30% as the fast-food giant continues to struggle in the U.S. and other parts of the world.

“McDonald’s third-quarter results reflect a significant decline versus a year ago, with our business and financial performance pressured by a variety of factors--from a higher effective tax rate, to unusual events in the operatin

S&P 500 Climbs for 4th Day on Stimulus Signs, Earnings

Posted by Forexsq 1 day 9 hours ago (
img U.S. stocks rose for a fourth day as investors speculated the European Central Bank will boost economic stimulus and companies from Apple Inc. (AAPL) to Travelers Cos. reported earnings.

The Standard & Poor’s 500 Index rose 0.6 percent to 1,916.05 at 9:31 a.m. in New York. The Dow Jones Industrial Average climbed 58.31 points, or 0.4 percent, to 16,457.98. The Nasdaq Composite Index was up 1 p

Wall Street rallies on sturdy earnings, data

Posted by Forexsq 5 days ago (
img U.S. stocks rose on Friday, with each of the major indexes up more than 1 percent, following a batch of solid earnings reports that eased concerns about the impact of weak global demand on U.S. growth and businesses.

The benchmark S&P index is on track for its fourth straight weekly decline, its longest streak in more than three years, and is down about 6 percent from its record high amid conc

U.S. Stocks Rally on Stimulus Signs as Energy Shares Jump

Posted by Forexsq 5 days ago (
img U.S. stocks rallied, trimming this week’s decline, as earnings beat estimates, consumer confidence reached a seven-year high and investors speculated that central banks will add more economic stimulus.

Schlumberger Ltd., the largest oilfield-services provider, jumped 5.8 percent after reporting earnings and saying falling crude prices won’t have a significant impact on its business. Morgan Sta

Wild markets: Dow briefly tumbles below 16,000

Posted by Forexsq 6 days ago (
img How low will the stock market go? That's what everyone wants to know.

Stocks suffered another drop Thursday morning as concerns about the global economy continue to cause investors to dump risky assets. The Dow plummeted about 200 points and briefly tumbled below the 16,000 level before rebounding a bit.

It's another "yo-yo" day. In a mere hour of trading, there have already been wild swing

U.S. stocks rise amid upbeat earnings

Posted by Forexsq 8 days ago (
img U.S. stocks rose on Tuesday amid positive earnings results, rebounding after three days of brutal losses that sent the main benchmarks to their lowest levels in months.

The S&P 500 on Monday closed at its lowest level since May 20 and fell below its 200-day moving average for the first time in nearly two years. The S&P 500’s breach of it’s moving average is significant because some market obse

U.S. Stocks Rally, Ending 3-Day Rout on Better Earnings

Posted by Forexsq 8 days ago (
img U.S. stocks rallied for the first time in four days as better-than-estimated earnings from Citigroup Inc. to Johnson & Johnson fueled speculation that the recent selloff was overdone.

Johnson & Johnson rose 1.5 percent after third-quarter results beat estimates and the company raised its full-year projections. Citigroup gained 2.5 percent as bond-trading revenue climbed and lending improved.

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