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U.S. stock market report
1717 ET 14April2010
UPS rises after outlook, also lifts FedEx
United Parcel Service said its first quarter earnings per share would be much higher than it had expected and raised its outlook for the year.
The world's biggest package delivery firm reported on Wednesday that its adjusted first-quarter earnings were 71 cents per share, compared with an adjusted 52 cents per share a year earlier. Analysts on average were expecting earnings of 57 cents per share, according to Thomson Reuters I/B/E/S.
For details, see
Shares of UPS rose 4 percent to $68.06 while FedEx Corp gained 1.9 percent to $95.80.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1643 ET 14April2010
Yum shares rally after Q1 results
Yum Brands Inc, parent of the KFC, Taco Bell and Pizza Hut chains, posted a better-than-expected quarterly profit on Wednesday, helped by higher sales in China.
Excluding items, Yum earned 59 cents per share. Analysts on average were expecting 53 cents, according to Thomson Reuters I/B/E/S.
For details, see
Shares of Yum gained 3 percent to $42.93.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1628 ET 14April2010
Fed's Fisher sees mild economic recovery
The U.S. economy is on the road to recovery but there is still 'way too much' economic slack in the system, a senior Federal Reserve official said on Wednesday.
Dallas Federal Reserve Bank President Richard Fisher, speaking at a Levy Economics Institute conference in New York, described the U.S. recovery as mild, adding that excess capacity was keeping inflation subdued.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1623 ET 14April2010
Markets close higher on earnings, S&P above 1,200
U.S. stocks notched a fifth straight day of gains on Wednesday as stronger-than-expected corporate results and March retail sales pushed the S&P 500 past 1,200 for the first time in 18 months.
Dow components Intel Corp and JPMorgan Chase & Co paced the market after both posted better-than-expected results.
For details, see
The Dow Jones industrial average was up 103.69 points, or 0.94 percent, at 11,123.11. The Standard & Poor's 500 Index was up 13.35 points, or 1.12 percent, at 1,210.65. The Nasdaq Composite Index was up 38.87 points, or 1.58 percent, at 2,504.86.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1147 ET 14Apr2010
US March housing starts seen up after weather drag
* WHAT: Commerce Department March housing starts, building permits
* WHEN: Friday, April 16, 8:30 a.m. (1230 GMT)
* The median Reuters forecast is for a rise of about 6.1 percent in U.S. housing starts to a seasonally adjusted annual rate of 610,000 units in March from 575,000 units the previous month. Forecasts from 70 economists ranged from a drop to 570,000 units to a rise to 650,000 units.
U.S. housing starts likely increased in March, rebounding from harsh winter weather that had previously disrupted home building and as builders prepared for the most important period, the spring selling season. An increase would follow a drop of 5.9 percent the previous month.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2010. 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
1717 ET 14April2010
UPS rises after outlook, also lifts FedEx
United Parcel Service said its first quarter earnings per share would be much higher than it had expected and raised its outlook for the year.
The world's biggest package delivery firm reported on Wednesday that its adjusted first-quarter earnings were 71 cents per share, compared with an adjusted 52 cents per share a year earlier. Analysts on average were expecting earnings of 57 cents per share, according to Thomson Reuters I/B/E/S.
For details, see
Shares of UPS rose 4 percent to $68.06 while FedEx Corp gained 1.9 percent to $95.80.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1643 ET 14April2010
Yum shares rally after Q1 results
Yum Brands Inc, parent of the KFC, Taco Bell and Pizza Hut chains, posted a better-than-expected quarterly profit on Wednesday, helped by higher sales in China.
Excluding items, Yum earned 59 cents per share. Analysts on average were expecting 53 cents, according to Thomson Reuters I/B/E/S.
For details, see
Shares of Yum gained 3 percent to $42.93.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1628 ET 14April2010
Fed's Fisher sees mild economic recovery
The U.S. economy is on the road to recovery but there is still 'way too much' economic slack in the system, a senior Federal Reserve official said on Wednesday.
Dallas Federal Reserve Bank President Richard Fisher, speaking at a Levy Economics Institute conference in New York, described the U.S. recovery as mild, adding that excess capacity was keeping inflation subdued.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1623 ET 14April2010
Markets close higher on earnings, S&P above 1,200
U.S. stocks notched a fifth straight day of gains on Wednesday as stronger-than-expected corporate results and March retail sales pushed the S&P 500 past 1,200 for the first time in 18 months.
Dow components Intel Corp and JPMorgan Chase & Co paced the market after both posted better-than-expected results.
For details, see
The Dow Jones industrial average was up 103.69 points, or 0.94 percent, at 11,123.11. The Standard & Poor's 500 Index was up 13.35 points, or 1.12 percent, at 1,210.65. The Nasdaq Composite Index was up 38.87 points, or 1.58 percent, at 2,504.86.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1147 ET 14Apr2010
US March housing starts seen up after weather drag
* WHAT: Commerce Department March housing starts, building permits
* WHEN: Friday, April 16, 8:30 a.m. (1230 GMT)
* The median Reuters forecast is for a rise of about 6.1 percent in U.S. housing starts to a seasonally adjusted annual rate of 610,000 units in March from 575,000 units the previous month. Forecasts from 70 economists ranged from a drop to 570,000 units to a rise to 650,000 units.
U.S. housing starts likely increased in March, rebounding from harsh winter weather that had previously disrupted home building and as builders prepared for the most important period, the spring selling season. An increase would follow a drop of 5.9 percent the previous month.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2010. 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.