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Real-time Equity news
U.S. stock market report
1638 ET 30Sep2009-AFTER THE BELL
Penske ends Saturn buy talks; shares drop
Penske Automotive Group Inc shares tumbled 8.9 percent to $17.47 on Wednesday in extended trade after the company said it had terminated talks with General Motors Co to acquire the Saturn brand.
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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1637 ET 30Sep2009-US STOCKS
Wall St slips on PMI data, but Q3 ends strong
U.S. stocks fell on Wednesday after a surprising contraction in an index of Midwest business activity, but buying of technology bellwethers like Cisco Systems Inc at the end of a strong quarter limited losses.
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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1202 ET 30Sep2009
JPMorgan's Lee says 'buy' the dips like today's
'We still believe investors should be adding to positions on pullbacks like today, particularly on smokestack cyclicals, energy and small-caps,' said Thomas Lee, JPMorgan's chief U.S. equity strategist.
'Primarily, we believe third-quarter earnings should bolster confidence of a global recovery,' he said in a research note.
Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
1110 ET 30Sep2009
S&P 500's support seen at 1,020; resistance 1,100
The following are key near-term technical benchmarks for the U.S. stock market, according to analysts at D.A. Davidson & Co:
SUPPORT: DJIA-9,400, S&P 500-1,020, NASDAQ-2,000
RESISTANCE: DJIA-10,200, S&P 500-1,100 NASDAQ-2,200
Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
0815 ET 30Sep2009-POLL
US stocks to end 2009 up 20 pct on economic optimism
U.S. stocks will end 2009 with gains of about 20 percent as economic optimism picks up and technology shares pull the market higher, although forecasts are little changed from three months ago, a Reuters poll showed.
But pullbacks should be expected ahead of year-end as the third-quarter corporate earnings season looms, and as expectations that government stimulus programs will be withdrawn dent investor sentiment. The anemic dollar could also give investors pause.
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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net; Editing by Kenneth Barry
1004 ET 30Sept2009
Markets sink after Chicago PMI data
U.S. stocks turned negative on Wednesday, and major indexes fell more than 1 percent after a regional gauge of business activity unexpectedly contracted in September.
The Institute for Supply Management-Chicago business barometer fell to 46.1 in September from 50.0 in August. Economists had forecast the index at 52.0. A reading above 50 indicates expansion in the regional economy.
For details, see
The Dow Jones industrial average fell 1.3 percent to 9,618.87 while the S&P 500 lost 1.2 percent to 1,047.80 and the Nasdaq was off 1.2 percent to 2,098.33.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0957 ET 30Sept2009
Midwest business activity slips in September
Business activity in the U.S. Midwest failed to return to growth in September as expected, but instead contracted on a decline in production and new orders, a report showed on Wednesday.
The Institute for Supply Management-Chicago business barometer fell to 46.1 in September from 50.0 in August.
Economists had forecast the index at 52.0. A reading above 50 indicates expansion in the regional economy.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0930 ET 30Sept2009
Markets open higher after GDP data
U.S. stocks opened higher on Wednesday, after data showed the U.S. economy contracted at a slower-than-expected pace in the second quarter.
Investors were also cheered by robust factory activity from Asia.
The Dow Jones industrial average rose 0.1 percent to 9,752.95 while the S&P 500 gained 0.2 percent to 1,062.26 and the Nasdaq was up 0.4 percent to 2,131.48.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0910 ET 30Sept2009-Trina extends solar deal with GCL
Poly
Trina Solar Ltd on Wednesday said it had extended its contract to buy polysilicon from GCL-Poly Energy Holdings Ltd by five years.
The contract is now scheduled to last through 2021.
Under the terms of the agreement, Trina will take delivery of enough of the material to manufacture 8,500 MW of solar modules over the 13 years of the contract.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.nete Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Real-time Equity news
U.S. stock market report
1638 ET 30Sep2009-AFTER THE BELL
Penske ends Saturn buy talks; shares drop
Penske Automotive Group Inc shares tumbled 8.9 percent to $17.47 on Wednesday in extended trade after the company said it had terminated talks with General Motors Co to acquire the Saturn brand.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1637 ET 30Sep2009-US STOCKS
Wall St slips on PMI data, but Q3 ends strong
U.S. stocks fell on Wednesday after a surprising contraction in an index of Midwest business activity, but buying of technology bellwethers like Cisco Systems Inc at the end of a strong quarter limited losses.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1202 ET 30Sep2009
JPMorgan's Lee says 'buy' the dips like today's
'We still believe investors should be adding to positions on pullbacks like today, particularly on smokestack cyclicals, energy and small-caps,' said Thomas Lee, JPMorgan's chief U.S. equity strategist.
'Primarily, we believe third-quarter earnings should bolster confidence of a global recovery,' he said in a research note.
Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
1110 ET 30Sep2009
S&P 500's support seen at 1,020; resistance 1,100
The following are key near-term technical benchmarks for the U.S. stock market, according to analysts at D.A. Davidson & Co:
SUPPORT: DJIA-9,400, S&P 500-1,020, NASDAQ-2,000
RESISTANCE: DJIA-10,200, S&P 500-1,100 NASDAQ-2,200
Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
0815 ET 30Sep2009-POLL
US stocks to end 2009 up 20 pct on economic optimism
U.S. stocks will end 2009 with gains of about 20 percent as economic optimism picks up and technology shares pull the market higher, although forecasts are little changed from three months ago, a Reuters poll showed.
But pullbacks should be expected ahead of year-end as the third-quarter corporate earnings season looms, and as expectations that government stimulus programs will be withdrawn dent investor sentiment. The anemic dollar could also give investors pause.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net; Editing by Kenneth Barry
1004 ET 30Sept2009
Markets sink after Chicago PMI data
U.S. stocks turned negative on Wednesday, and major indexes fell more than 1 percent after a regional gauge of business activity unexpectedly contracted in September.
The Institute for Supply Management-Chicago business barometer fell to 46.1 in September from 50.0 in August. Economists had forecast the index at 52.0. A reading above 50 indicates expansion in the regional economy.
For details, see
The Dow Jones industrial average fell 1.3 percent to 9,618.87 while the S&P 500 lost 1.2 percent to 1,047.80 and the Nasdaq was off 1.2 percent to 2,098.33.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0957 ET 30Sept2009
Midwest business activity slips in September
Business activity in the U.S. Midwest failed to return to growth in September as expected, but instead contracted on a decline in production and new orders, a report showed on Wednesday.
The Institute for Supply Management-Chicago business barometer fell to 46.1 in September from 50.0 in August.
Economists had forecast the index at 52.0. A reading above 50 indicates expansion in the regional economy.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0930 ET 30Sept2009
Markets open higher after GDP data
U.S. stocks opened higher on Wednesday, after data showed the U.S. economy contracted at a slower-than-expected pace in the second quarter.
Investors were also cheered by robust factory activity from Asia.
The Dow Jones industrial average rose 0.1 percent to 9,752.95 while the S&P 500 gained 0.2 percent to 1,062.26 and the Nasdaq was up 0.4 percent to 2,131.48.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0910 ET 30Sept2009-Trina extends solar deal with GCL
Poly
Trina Solar Ltd on Wednesday said it had extended its contract to buy polysilicon from GCL-Poly Energy Holdings Ltd by five years.
The contract is now scheduled to last through 2021.
Under the terms of the agreement, Trina will take delivery of enough of the material to manufacture 8,500 MW of solar modules over the 13 years of the contract.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.nete Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
