Real-time equity news
U.S. stock market report
1729 ET 10May2010
US economic and earnings diary for May 11
Economic data on tap for Tuesday includes March wholesale trade figures due at 10 a.m. EDT (1400 GMT).
Companies expected to report results on Tuesday include Dow component Walt Disney Co and video game publisher Electronic Arts.
Reuters Messaging: rodrigo.campos.reuters.com@reuters.net
1721 ET 10May2010
Mizuho ADRs fall after share offering news
New York traded shares of Mizuho Financial Group Inc fell 1.4 percent to $3.57 on Monday after hitting a session high of $3.77 at the open, after news Japan's second-largest bank plans to issue about 800 billion yen ($8.7 billion) of common shares to meet stricter capital requirements. For details see.
Reuters Messaging: rodrigo.campos.reuters.com@reuters.net
1608 ET 10May2010
Wall Street ends sharply higher after EU pact
U.S. stocks ended sharply higher, racking up their largest daily advance in over a year, on Monday as an agreement on a $1 trillion emergency rescue package from the EU quelled fears that a new credit crisis would derail European economies.
Based on the latest available data, the Dow Jones industrial average rose 404.71 points, or 3.90 percent, to end unofficially at 10,785.14. The Standard & Poor's 500 Index shot up 48.85 points, or 4.40 percent, to finish unofficially at 1,159.73. The Nasdaq Composite Index surged 109.03 points, or 4.81 percent, to close unofficially at 2,374.67.
For more please double click
Reuters Messaging: caroline.valetkevitch.reuters.com@reuters.net
1519 ET 10May2010
ADRs jump after rescue plan announced
U.S.-listed shares of overseas companies scored their biggest percentage increase since March 2009 on Monday, with Greek, Spanish and other European shares up sharply following the unveiling of a $1 trillion euro-zone emergency package.
The Bank of New York Mellon index of leading American Depositary Receipts (ADRs) jumped 5.7 percent, the most since late March 2009, while the U.S. benchmark S&P 500 index rose 3.6 percent.
For more please double click
Reuters Messaging: caroline.valetkevitch.reuters.com@reuters.net
1150 ET 10May2010
Sears short interest pares back
'Sears Holding Corp has been a popular position with short traders for the last twelve months. With the stock trading down 12.79 percent over the last week, the short market have decided now is the time to start taking profit,' wrote data specialist Data Explorers.
Over the last week, the percentage of outstanding shares held short has decreased by 2 percent to 9.81 percent, according to Data Explorers.
Sears shares tumbled last week along with the broader market. The decline also pulled the stock down from its highest levels since November 2007 after the company bought more of its Canadian unit and forecast a first-quarter earnings range that was likely to beat analyst expectations.
Short investors seek to profit from a falling share price by borrowing a stock, selling it and buying it back at a lower price, pocketing the difference.
Reuters Messaging: leah.schnurr.reuters.com@reuters.net
1136 ET 10May2010-BP ADRs edge up, London shares at seven
month low
New York-traded shares of BP Plc ticked up on Monday after the energy giant said an oil spill in the Gulf of Mexico had cost it $350 million so far, suggesting the final bill could be much higher than many analysts predicted. For details see
BP ADRs rose 0.4 percent at $49.23, compared with a 6.5 percent jump in the Bank of New York Mellon ADR index and a 4.8 percent gain in an index of European oil and gas company ADRs.
BP's London-traded shares traded at a seven-month low.
Reuters Messaging: rodrigo.campos.reuters.com@reuters.net
1125 ET 10May2010-Wall Street anxiety plunges on euro zone aid
VIX
A key measure of U.S. stock market volatility tumbled on Monday after a $1 trillion emergency rescue package quelled fears Greece's debt crisis would spread. The Chicago Board Options Exchange Volatility Index, Wall Street's favorite measure of investor anxiety, was down 28.6 percent to 29.25 after falling more than 30 percent shortly after the open. The index closed at 40.95 on Friday which was the highest since April 2009. The VIX, which typically has an inverse relationship with the S&P benchmark, had been on the rise recently, suggesting players were inclined to seek options to manage stock market risk. The index is a 30-day risk forecast of stock market volatility.
For full story, see
Reuters Messaging: angela.moon.reuters.com@reuters.net
1118 ET 10May2010
Dean Foods shares tumble after results
Dean Foods Co shares tumbled 25.4 percent to $10.91 on Monday after the largest U.S. dairy company posted an unexpectedly sharp drop in quarterly profit and withdrew its full-year forecast as its milk prices come under pressure from private-label brands. For details see
Reuters Messaging: rodrigo.campos.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.
U.S. stock market report
1729 ET 10May2010
US economic and earnings diary for May 11
Economic data on tap for Tuesday includes March wholesale trade figures due at 10 a.m. EDT (1400 GMT).
Companies expected to report results on Tuesday include Dow component Walt Disney Co and video game publisher Electronic Arts.
Reuters Messaging: rodrigo.campos.reuters.com@reuters.net
1721 ET 10May2010
Mizuho ADRs fall after share offering news
New York traded shares of Mizuho Financial Group Inc fell 1.4 percent to $3.57 on Monday after hitting a session high of $3.77 at the open, after news Japan's second-largest bank plans to issue about 800 billion yen ($8.7 billion) of common shares to meet stricter capital requirements. For details see.
Reuters Messaging: rodrigo.campos.reuters.com@reuters.net
1608 ET 10May2010
Wall Street ends sharply higher after EU pact
U.S. stocks ended sharply higher, racking up their largest daily advance in over a year, on Monday as an agreement on a $1 trillion emergency rescue package from the EU quelled fears that a new credit crisis would derail European economies.
Based on the latest available data, the Dow Jones industrial average rose 404.71 points, or 3.90 percent, to end unofficially at 10,785.14. The Standard & Poor's 500 Index shot up 48.85 points, or 4.40 percent, to finish unofficially at 1,159.73. The Nasdaq Composite Index surged 109.03 points, or 4.81 percent, to close unofficially at 2,374.67.
For more please double click
Reuters Messaging: caroline.valetkevitch.reuters.com@reuters.net
1519 ET 10May2010
ADRs jump after rescue plan announced
U.S.-listed shares of overseas companies scored their biggest percentage increase since March 2009 on Monday, with Greek, Spanish and other European shares up sharply following the unveiling of a $1 trillion euro-zone emergency package.
The Bank of New York Mellon index of leading American Depositary Receipts (ADRs) jumped 5.7 percent, the most since late March 2009, while the U.S. benchmark S&P 500 index rose 3.6 percent.
For more please double click
Reuters Messaging: caroline.valetkevitch.reuters.com@reuters.net
1150 ET 10May2010
Sears short interest pares back
'Sears Holding Corp has been a popular position with short traders for the last twelve months. With the stock trading down 12.79 percent over the last week, the short market have decided now is the time to start taking profit,' wrote data specialist Data Explorers.
Over the last week, the percentage of outstanding shares held short has decreased by 2 percent to 9.81 percent, according to Data Explorers.
Sears shares tumbled last week along with the broader market. The decline also pulled the stock down from its highest levels since November 2007 after the company bought more of its Canadian unit and forecast a first-quarter earnings range that was likely to beat analyst expectations.
Short investors seek to profit from a falling share price by borrowing a stock, selling it and buying it back at a lower price, pocketing the difference.
Reuters Messaging: leah.schnurr.reuters.com@reuters.net
1136 ET 10May2010-BP ADRs edge up, London shares at seven
month low
New York-traded shares of BP Plc ticked up on Monday after the energy giant said an oil spill in the Gulf of Mexico had cost it $350 million so far, suggesting the final bill could be much higher than many analysts predicted. For details see
BP ADRs rose 0.4 percent at $49.23, compared with a 6.5 percent jump in the Bank of New York Mellon ADR index and a 4.8 percent gain in an index of European oil and gas company ADRs.
BP's London-traded shares traded at a seven-month low.
Reuters Messaging: rodrigo.campos.reuters.com@reuters.net
1125 ET 10May2010-Wall Street anxiety plunges on euro zone aid
VIX
A key measure of U.S. stock market volatility tumbled on Monday after a $1 trillion emergency rescue package quelled fears Greece's debt crisis would spread. The Chicago Board Options Exchange Volatility Index, Wall Street's favorite measure of investor anxiety, was down 28.6 percent to 29.25 after falling more than 30 percent shortly after the open. The index closed at 40.95 on Friday which was the highest since April 2009. The VIX, which typically has an inverse relationship with the S&P benchmark, had been on the rise recently, suggesting players were inclined to seek options to manage stock market risk. The index is a 30-day risk forecast of stock market volatility.
For full story, see
Reuters Messaging: angela.moon.reuters.com@reuters.net
1118 ET 10May2010
Dean Foods shares tumble after results
Dean Foods Co shares tumbled 25.4 percent to $10.91 on Monday after the largest U.S. dairy company posted an unexpectedly sharp drop in quarterly profit and withdrew its full-year forecast as its milk prices come under pressure from private-label brands. For details see
Reuters Messaging: rodrigo.campos.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.