dow average stocks fall in europe Dow Average Stocks Fall in Europe; EBay Slips After Purchase
June 2 (Bloomberg) -- Dow Jones Industrial Average stocks trading in Europe fell. EBay Inc., the world's largest Internet auctioneer, dropped in Germany after announcing its largest acquisition in more than 2 1/2 years.
All but one of the 21 Dow stocks trading slipped as of 8:12 a.m. in London. Dow Average futures expiring in June fell 4 to 10,533. Standard & Poor's 500 Index futures lost 0.3 to 1200.90. Nasdaq-100 Index futures were unchanged at 1557.5.
EBay fell 43 cents to $38.68. The company agreed to buy comparison-shopping site Shopping.com for about $620 million in cash, they said in a release.
The auctioneer will pay $21 a share, or a 20 percent premium over yesterday's closing price, for Brisbane, California-based Shopping.com, the companies said yesterday. The acquisition, which gives EBay a foothold in the fast-growing comparison-shopping market, will reduce earnings per share in 2005.
Ciena Corp., a maker of telephone-networking equipment, fell 6 cents to $2.39. The company may report before markets open that it lost 5 cents a share in the second quarter, down from a loss of 9 cents a year earlier, according to a Thomson Financial survey.
JPMorgan Chase & Co. may be active. The third-biggest U.S. bank said yesterday after markets closed that second-quarter trading results through May 31 were ``the worst the firm has experienced in some time.''
Unless business picks up in June, trading revenue may fall from the $842 million totaled in last year's second quarter, the New York-based company said.
Economic Releases
A government report scheduled for today may show the productivity of U.S. workers increased last quarter at the fastest pace in nine months, while labor costs accelerated, according to a Bloomberg survey of economists.
Initial jobless claims probably rose by 2,000 last week to 325,000, a level consistent with job growth, economists forecast ahead of another release. The Labor Department will issue both reports at 8:30 a.m. Washington time. The figures on productivity are a revision of the preliminary figures released last month.
Factory orders probably rebounded 1.1 percent in April, according to the median forecast in a separate Bloomberg survey before today's 10 a.m. release from the Commerce Department.
U.S. stocks advanced yesterday after a survey that showed manufacturing grew more slowly and cost pressures eased signaled the Federal Reserve may soon end its series of interest-rate increases.
The S&P 500 increased 0.9 percent to 1202.22, the highest since March 14. The Dow Average added 0.8 percent to 10,549.87, a level not seen since March 21. A gain in Google Inc. helped push the Nasdaq Composite Index up 1 percent.
- Forums
- ASX - By Stock
- manufacturing falls short of expectations
dow average stocks fall in europe Dow Average Stocks Fall in...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ASX (ASX) to my watchlist
(20min delay)
|
|||||
Last
$58.89 |
Change
0.370(0.63%) |
Mkt cap ! $11.41B |
Open | High | Low | Value | Volume |
$58.27 | $58.89 | $58.27 | $19.46M | 331.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 263 | $58.58 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$58.89 | 2100 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 477 | 60.660 |
1 | 496 | 59.900 |
1 | 272 | 59.100 |
1 | 103 | 58.990 |
1 | 1 | 58.910 |
Price($) | Vol. | No. |
---|---|---|
57.140 | 400 | 3 |
57.900 | 45 | 2 |
57.970 | 12 | 1 |
58.700 | 781 | 2 |
58.890 | 1056 | 3 |
Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
Featured News
ASX (ASX) Chart |