Surprising resilience in retail sales helped to curb session losses, as the Nasdaq actually rebounded to close with modest gains.
Economic Reports:
- Export Prices (ex-ag.) show a 0.6% increase for the month of April, down from a revised 1.3% increase the prior month - Full story;
- Import Prices (ex-oil) show a 1.1% increase for the month of April, equal to the 1.1% increase the prior month - Full story;
- Retail Sales show a 0.2% decrease for the month of April, down from a 0.2% increase the prior month - Full story;
- Business Inventories show a 0.1% increase for the month of March, down from a revised 0.5% increase the prior month - Full story.
Wal-Mart Stores, Inc. reports record 1st-qtr earnings of $0.76/diluted share, up from $0.68/share in the same qtr last year - Full story.
Nissan Motor Co. reports 1st-qtr profits of $1.3 billion, however, expects fiscal year profits to decline due to currency fluctuations and rising costs - Full story.
Hewlett-Packard announces the purchase of Electronic Data Systems for $25/share or approximately $12.57 billion - Full story.
Staples Inc. has increased its hostile bid for Corporate Express NV from $10.63/share to $12.53/share, valuing the new deal around $2.26 billion - Full story.
Italian company, Finmeccanica, S.p.A., is set to acquire DRS Technologies, Inc. for approximately $5.2 billion - Full story.
Airbus, a division of European Aeronautic Defence & Space Co., has announced new delays on deliveries of the superjumbo A380 - Full story.
Major overseas markets have posted mixed results for Tuesday. London's FTSE was down 0.14%, Frankfurt's
DAX closed up 0.34%, and Paris' CAC finished up 0.45%. Japan's
Nikkei was up 1.53%; Hong Kong's Hang Seng closed up 1.95%, and
Sydney's All Ordinaries Index finished down 0.18%.
Economic Calendar:
Wed: CPI;
Thurs: Initial Jobless Claims, NY Empire State Index, Capacity Utilization, Industrial Production, and Philadelphia Fed;
Fri: Building Permits, Housing Starts, and Michigan Sentiment (Prel).
Aaron Jacobs - News Editor
aaron.jacobs@mworld.com
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Market Close (05/13/2008)| Trading Volume(mil): | | NYSE: 1208 | | NASDAQ: 1878 |
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Key Indicators
World Markets
| Amsterdam EOE | 480.5 | -1.6 | Tue 12:07 | | Brazil Bovespa | 70,503.2 | +87.4 | Tue 16:15 | | Frankfurt DAX | 7,060.2 | +24.2 | Tue 11:45 | | FTSE™ 100 | 6,211.9 | -8.7 | Tue 11:35 | | Hang Seng | 25,552.8 | +489.6 | Tue 04:47 | | Madrid General | 1,506.3 | +7.2 | Tue 11:31 | | Mexican IPC | 30,887.4 | +250.0 | Tue 16:10 | | Milan Stock Exchange | 25,832.0 | +50.0 | Tue 11:40 | | Nikkei Dow | 13,953.7 | +210.4 | Tue 03:03 | | Paris CAC 40 | 4,998.7 | +22.5 | Tue 12:10 | | Seoul Composite | 1,842.8 | +19.1 | Tue 04:09 | | Shanghai Composite | 3,560.2 | -66.7 | Tue 03:00 | | Stockholm General | 327.0 | +2.5 | Tue 11:44 | | Straits Times | 3,203.4 | +41.4 | Tue 05:10 | | Swiss Zurich | 7,578.3 | +94.6 | Tue 11:31 | | Sydney All Ord | 5,883.2 | -10.9 | Tue 04:08 | | Toronto Exchg | 14,616.0 | -50.0 | Tue 17:05 |
U.S. Treasury Rates
Securities In Bulletin
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