Market Gawk

United States Market and Economy

May 11th, 2007

Energy Prices Lift Producer Price Index (PPI), April Retail Sales Slump

A jump in energy prices in April helped to boost wholesale prices 0.7% higher…(Read More)

Original post by FeedZilla

May 11th, 2007

Italy’s Eni 1Q Profit Drops 13 Percent (AP)

Eni SpA, Italy’s biggest oil and natural gas company by volume, said Friday its first-quarter profit dropped 13 percent due to lower output volumes, a weak dollar and lower oil prices.

Original post by FeedZilla

May 11th, 2007

Oil rises over fears to supply

oil prices were higher as concerns over falling supply from Nigeria and the North Sea added to worries that US refineries would struggle to cope with increasing demand for gasoline.

Original post by FeedZilla

May 11th, 2007

Watchlist for May 11, 2007

The futures surged on the knee-jerk reaction to this morning’s PPI and Retail Sales data but have since given back those gains. So we’re pretty much back to the pre-data levels which still indicates a small gap up. I think that surge was due to people thinking (hoping?) that the Fed will […]

Original post by FeedZilla

May 11th, 2007

Nasdaq’s Having Quote Issues.

CyberTrader just sent a notice that the NASDAQ is having quote data issues. I knew something was up b/c most of my charts were just sitting there and Trade-Ideas was not producing very many alerts. And now that I got the NASDAQ news, I see that Trade-Ideas is only producing non-NASDAQ alerts […]

Original post by FeedZilla

May 11th, 2007

U.S. Inflation Eases In April

Producer Price Index shows energy price increases not seeping into general economy.

Original post by FeedZilla

May 11th, 2007

NVIDIA (NVDA) Reports Strong First-Quarter Earnings, Beating Analyst Expectations

After the close on Thursday, NVIDIA (NVDA) announced first-quarter earnings of %24132.26 million, or 33 cents per share, jumping 44% from its year-ago profit of %2492.1 million, or 24 cents per share…(Read More)

Original post by FeedZilla

May 11th, 2007

American International Group (AIG) Tops Earnings Expectations

American International Group (AIG) reported first-quarter net income last night of %244.13 billion, or %241.58 per share, compared to the %243.2 billion (%241.22 per share) earned in the year-ago period…(Read More)

Original post by FeedZilla

May 11th, 2007

Wall Street stages recovery

Stocks surged Friday afternoon, snapping back after the previous session’s battering, as investors welcomed a mild read on inflation that eased concerns that the Federal Reserve might need to raise rates later this year.

Original post by FeedZilla

May 11th, 2007

Magna Gets A Foot In Russia

Investment gives it cash for potential Chrysler bid.

Original post by FeedZilla