Wall Street eyes housing, 4Q earns data
5983
The start of 2008 has brought a harsh reality to Wall Street: The U.S. may indeed be headed toward recession.
453075
Wall Street stock indexes declined on Wednesday after weak employment data and a record drop in a home sales index heightened concern that turmoil in the subprime mortgage market was hurting the wider U.S. economy.
317925
Shares on Wall Street looked set for  a weaker start on Wednesday as concerns about the U.S. subprime  mortgage market resurfaced ahead of U.S. housing and key  inflation data and a slew of corporate earnings.
704567
Some of the Wall Street brokerages on tap to report earnings next month might see better-than-expected results as a rebound in the stock market is expected to fuel performance within their equities businesses.
320290
Troubles in the subprime mortgage  sector could put Wall Street on edge next week just as  investors look for key economic data, including the Consumer  Price Index, to shore up the market's nascent recovery after  its recent plunge.
334376
US stock futures pointed to little change when Wall Street opens on Thursday, as investors look to jobless claims and other data for guidance while drawing comfort from a fresh fall in crude oil prices.
462241
Troubles in the subprime mortgage sector could put Wall Street on edge this week just as investors look for key economic data, including the Consumer Price Index, to shore up the market's nascent recovery after its recent plunge.
652007
Wall Street is still on course to end  2006 in the plus column, but it's too early to pop the  champagne corks. Investors will comb through next week's jobs  report for November and other data to see if the U.S. economy  and corporate profits will be able to withstand the fallout  from a slowdown in housing and the dollar's slide.
357316
The stock market is once again poised to set new record highs, and Wall Street will be watching this week's data on the housing market to decide whether to forge ahead.
361906
U.S. stock markets ended one of the  most volatile months in years on an impressive note, but this  coming week still won&#39;t be any easier for investors as the  employment report and housing turmoil remain high on radar  screens.
568895
Stocks declined Monday, the last day of a volatile and difficult year on Wall Street, as investors awaited a report on home sales.
707368
As the housing boom continues, housing stocks are reporting record earnings. Neither is sustainable.
534113
U.S. stock markets ended one of the most volatile months in years on an impressive note, but this coming week still won't be any easier for investors as the employment report and housing turmoil remain high on radar screens.
557211
Wall Street is expected to have a firm  start on Thursday, adding to the previous session&#39;s gains, but  markets will look to a spate of economic reports for direction,  dealers said.
581374
Earnings season is in full swing, and results this week from bellwethers like Google, Intel, and Nokia are fueling hopes for a strong fourth quarter while confirming the investor confidence that has led to a rebound in share prices of technology vendors.All eyes were on&#160;Google, which Thursday reported another stellar quarter. For the third quarter, net income was $1.07 billion compared with $733.4 million a year ago. Revenue leaped 57 percent to $4.23 billion. The company has made some investors nervous by expanding rapidly and spending a lot of money on acquisitions to fuel growth in new areas. However, its core search business manages to ward off the competition. Google shares jumped $6.14 to $639.62 right after its announcement.Google archrival&#160;Yahoo reported a 4.6 percent decline in third-quarter profit&#160;compared to a year ago Tuesday, but revenue climbed 12 percent to $1.76 billion. Company executives said they were weeding out poorly performing services and enhancing efforts in promising areas&#160;like ad-supported music services and e-mail offerings to small businesses. The company is also expanding efforts to support third-party developers with open APIs.Even though Yahoo has been blasted for its failure to steal search ad revenue from Google, investors and analysts appear to like its strategy. Citigroup maintained a &quot;buy&quot; rating on the company while RBC maintained an &quot;outperform&quot; rating. Yahoo shares jumped $2.13 to close at $28.82 the day after the report.The market might be tougher on Internet retailers. eBay reported Wednesday that revenue climbed 30 percent but that it suffered a loss because of a $1.39 billion charge for&#160;its acquisition of Internet phone pioneer Skype. Although the company raised its 2007 revenue target, investors apparently did not like the charge for Skype, which failed to make revenue goals. Shares of eBay lost $2.50 to close at $38.10 Thursday.In one of the most-anticipated results of the week,&#160;Intel got the earnings season off to a good start Tuesday, reporting revenue of $10.1 billion, a 15 percent increase year-over-year, while achieving net income of $1.9 billion, a whopping 43 percent increase. The price competition in the market is tough, but a jump in sales and a restructuring effort appears to be paying off. Intel jumped $1.24 to close at $26.72 the day after the report.AMD did not handle the price competition so well, however. Though it registered a 23 percent rise in sales, it posted another loss. Thursday,&#160;AMD reported that its net loss was $396 million, compared with a profit of $136 million in 2006.Reaction to IBM results were mixed Tuesday, when&#160;it reported profit of $2.36 billion, compared to $2.22 billion a year ago. Revenue was $24.1 billion, a 7 percent increase from last year. Though the numbers were better than expected, a disappointing 10 percent slip in hardware sales worried investors, who pushed down IBM shares Tuesday by $3.82 to close at $115.78.Nokia managed to offset declining prices of handsets with a jump in sales. Thursday it said that for the three months ending Sept. 30, net profit increased 85 percent over the third quarter of 2006, while sales rose 28 percent. Nokia shares closed Thursday at $37.64, up by $1.11.Concerns about the U.S. economy -- because of a declining housing market and an increase in mortgage defaults -- caused shares to tumble in July and August. But judging from results this week, IT vendors were not hard hit during the quarter and investors are likely to have high expectations for the rest of the year.
762312
Wall Street stocks are set for a slightly higher start on Thursday with a report on the services sector and employment data the likely trading focus.
257452
Stock futures slipped on Tuesday on caution ahead of key U.S. housing data that may shed more light on the state of the troubled housing market.