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US stock market, economy and companies update (October 24, 2014)

October 24, 2014, Friday
Markets are choppy this morning as traders digest the New York City Ebola scare, EU bank stress test results and tons of major earnings reports. Note that comments by ECB President Draghi at the EU Leader Summit in Brussels seem to have helped lift US equities out of the red mid morning. As of writing, the DJIA is up 0.34%, the S&P500 is up 0.22% and the Nasdaq is up 0.32%.

US stock market daily report (October 23, 2014, Thursday)

October 23, 2014, Thursday
Another idiot out for his 15 minutes of fame jumped the fence at the White House on Wednesday. For nearly two hours, the White House was locked down after the incident. Dominic Adesanya age 23 of Bel Air, Maryland was arrested by the U.S. Secret Service and is being charged with three felony counts and four misdemeanors for his actions. Of the charges, he faces two felony counts for assaulting a K-9 police officer.

US stock market, economy and companies update (October 23, 2014)

October 23, 2014, Thursday
US equity markets are filling the gap from yesterday afternoon and ripping higher. Meanwhile the benchmark 10-year UST yield is zipping higher, at 2.275% as of writing, up nearly six points. The move in USTs follow on a move higher in the German bund yields, which were supported by improved preliminary euro zone and German manufacturing PMI data. The DJIA is up 1.57%, the S&P500 is up 1.45% and the Nasdaq is up 1.69%.

US stock market daily report (October 22, 2014, Thursday)

October 22, 2014, Wednesday
Companies selling drugs over the Internet continue to put profit ahead of the overall safety of consumers. The U.S. Food & Drug Administration (FDA) is accused of oversight for potentially dangerous ingredients in dietary supplements, according to Dr. Pieter Cohen, an internist and researcher at Cambridge Health Alliance, a Boston-area health care system.

US stock market, economy and companies update (October 22, 2014)

October 22, 2014, Wednesday
US equities are gaining again this morning after a round of benign earnings reports. As of writing, the DJIA is up 0.06%, the S&P500 is up 0.20% and the Nasdaq is up 0.22%. Inflation continues to stubbornly avoid showing up in the official CPI data. There were no surprises in the September CPI reading.

Indian stock market daily morning report (October 22, 2014, Wednesday)

October 22, 2014, Wednesday
Benchmark share indices ended higher after the government proposed to open up the coal industry to the private sector and auction cancelled coal blocks. Further, foreign investors which turned net buyers in equities also helped improve investor sentiment. The 30-share Sensex closed up 146 points at 26,576 and the 50-share Nifty closed up 48 points at 7,928.

Indian stock market and companies daily report (October 22, 2014, Wednesday)

October 22, 2014, Wednesday
Indian markets are expected to open on positive note tracking SGX Nifty and most of Asian markets. In US, Stocks moved higher for the fourth consecutive session. A positive reaction to the latest earnings news contributed to the rally on Wall Street, with shares of Apple (AAPL) jumping by 2.7 percent after the tech giant reported better than expected quarterly results. European stocks raced higher Tuesday, as anxiety about the global economy was eased by relatively upbeat news out of China.

US stock market daily report (October 21, 2014, Tuesday)

October 21, 2014, Tuesday
A new position has been created in the senior ranks of the U.S. Justice Department National Security Division (NSD), experienced prosecutor, Luke Dembosky. According to experts, the new position could increase the number of national security-related cases brought to federal court. The move is a shift in focus from the NSDs previous mandate to investigate for intelligence-gathering purposes and only prosecute a subset of cases.

US stock market, economy and companies update (October 21, 2014)

October 21, 2014, Tuesday
Heartburn from lousing McDonalds and Coca-Cola results is not preventing markets from racking up impressive gains this morning, as traders home in on possible ECB stimulus talk and Apple's big quarter. Note that the September existing home numbers hit a one-year high. As of writing, the DJIA is up 0.68%, the S&P500 is up 1.27% and the Nasdaq is up 1.65%.

Indian stock market daily morning report (October 21, 2014, Tuesday)

October 21, 2014, Tuesday
Benchmark share indices ended over 1% higher on Monday as the fuel reforms would further ease inflation, lower the government's subsidy bill and contain the fiscal deficit. Further, Narendra Modi-led BJP gaining victory in Maharashtra and Haryana state elections raised hopes of more reforms to boost economic growth. The 30-share Sensex gained 321 points to end at 26,430 and the 50-share Nifty surged 100 points to end at 7,879.

Indian stock market and companies daily report (October 21, 2014, Tuesday)

October 21, 2014, Tuesday
Indian markets are expected to open on positive note tracking SGX Nifty and most of Asian markets. In US, Stocks moved notably higher over the course of the trading day on Monday, extending the strong upward move seen last Friday. The strength on Wall Street was partly due to bargain hunting, as traders continued to pick up stocks at reduced levels following the sell-off seen over the past few weeks.

US stock market daily report (October 20, 2014, Monday)

October 20, 2014, Monday
Joe Sullivan, chief security officer for Facebook, Inc. (FB-Nasdaq) said in a letter on Friday to Michele Leonhart, Administrator for the U.S. Drug Enforcement Administration - Facebooks rules apply to everyone. Sullivan said in the letter that their rules prohibit lying on profiles or creating a fake profile - both which DEA is found to be part of while working ongoing investigations. Users are not permitted to lie about who they are when creating a profile on Facebook.

US stock market, economy and companies update (October 20, 2014)

October 20, 2014, Monday
The S&P500 and Nasdaq are seeing modest gains this morning after a wild week, while the DJIA is being weight down by the 8% slide in IBM shares. As of writing, the DJIA is down 0.28%, the S&P500 is up 0.29% and the Nasdaq is up 0.65%. All has been quiet on the Ebola front for the last two days, with no new cases reported in the US and dozens of people released from the watch list in Dallas.

Indian stock market and companies daily report (October 20, 2014, Monday)

October 20, 2014, Monday
Indian markets are expected to open on positive note tracking SGX Nifty and other Asian markets. The rally on Wall Street partly reflected speculation that the Federal Reserve may delay the end of its asset purchase program following yesterday's comments from St. Louis Fed President James Bullard. European stocks rallied on Friday, trimming steep weekly losses after central mentioned that it was ready offer further stimulus measures if conditions warranted.

US stock market daily report (October 17, 2014, Friday)

October 17, 2014, Friday
During a speech before an audience at the Brookings Institution 'Think Tank' on Thursday, James Comey, FBI Director, said that new cell phone encryption features, have "the potential to create a black hole for law enforcement." Potential evidence on a cell phone is more out of reach due to the level of encryption built in. Comey said, "If this becomes the norm, I suggest to you that homicide cases could be stalled, suspects walk free, child exploitation not discovered and prosecuted."

US stock market, economy and companies update (October 17, 2014)

October 17, 2014, Friday
The equity snap-back has been general over the European and US sessions. Stock indices in Europe are looking to close up around 3% a piece, while most leading US indices are up more than 1.5% a piece. Meanwhile, the VIX is back around 20 after reaching 29.30 just 24 hours ago. Benchmark government yields are reversing the moves seen midweek, and the US 10-year is at 2.22%. As of writing, the DJIA is up 1.60%, the S&P500 is up 1.55% and the Nasdaq is up 1.63%.

Indian stock market daily morning report (October 17, 2014, Friday)

October 17, 2014, Friday
Benchmark share indices ended near two-month closing lows on Thursday, amid weak European cues, with metal shares declining the most on worries that global economic growth slowdown would hurt demand. The 30-share Sensex ended lower by 1.33% or 350 points at 25,999 and the Nifty was off 1.47% or 116 points to close at 7,748. Shares of eight metal companies closed 1.26% to 5.46% down on BSE on global growth worries.

Indian stock market and companies daily report (October 17, 2014, Friday)

October 17, 2014, Friday
Indian markets are expected to open on positive note tracking SGX Nifty. US markets ended on flat note after seeing initial weakness due to ongoing concerns about global economic growth along with worries about an expansion of the Ebola outbreak in the U.S. European stocks closed in negative territory yet again Thursday, but the major averages finished well off session lows after some encouraging economic news from the United States.

US stock market daily report (October 16, 2014, Thursday)

October 16, 2014, Thursday
Solon Middle School and Parkside Elementary School, a few miles southeast of Cleveland, were ordered closed Thursday by the Cleveland Metropolitan School District after a middle school worker “traveled home from Dallas on Frontier Airlines Tuesday on a different flight, but perhaps the same aircraft,” officials said. Nurse Amber Vinson, age 29, treated Ebola victim Thomas Eric Duncan and flew to Ohio on October 10. Vinson flew back to Texas on Monday and was tested positive for Ebola on Tuesday.

US stock market, economy and companies update (October 16, 2014)

October 16, 2014, Thursday
After plunging lower though the first hours of trading, European equities reversed and moved higher after 06:00ET thanks to talk the ECB was looking to make life easier for Greece. US futures remained beaten down and the 10-year yield briefly dipped back below 2%, however stocks zigzagged higher from the cash open, aided by soothing comments from Fed's Bullard.

Indian stock market daily morning report (October 16, 2014, Thursday)

October 16, 2014, Thursday
The Nifty ended marginally lower after realty major DLF plunged nearly 29%, recording its highest single-day after market regulator Sebi barred real estate major and six of its top executives, including Chairman K P Singh, from accessing the capital market for three years. The 30-share Sensex ended down 35 points at 26,349 and the 50-share Nifty ended down 20 points at 7,864.

Indian stock market and companies daily report (October 16, 2014, Thursday)

October 16, 2014, Thursday
Hero Motocorp Ltd would announce its 2QFY2015 results today. On the topline front, we expect robust double-digit growth of 21.7% yoy to Rs 6,968.5 crores. The growth would be largely volume driven (20% yoy volumes growth) while the realisation is expected to grow marginally by 1.5%. We expect operating margins to dip 70 bp yoy to 13.8% on back of increased competitive intensity leading to pricing pressures.

US stock market daily report (October 15, 2014, Wednesday)

October 15, 2014, Wednesday
Skunk Works, a secretive unit at Lockheed Martin Corporation (LMT-NYSE), on Wednesday announced a technological breakthrough in fusion energy. The power source, based on nuclear fusion and the first reactors, could be ready for use within a decade. Lockheed sees the fusion energy project as part of a comprehensive approach to solving global energy and climate change problems. Nuclear fusion is when atoms combine into more stable forms.

US stock market, economy and companies update (October 15, 2014)

October 15, 2014, Wednesday
Trading volumes are running about double recent levels this morning as wild moves whip around markets. The DJIA has moved 600 points in the first 1.5 hours of trading, dropping 300 points before and just after the open then bouncing higher. The S&P500 dipped below 1840 briefly, to lows last seen in mid April, before bouncing back. With volatility running very hot, the VIX is up sharply, touching 28 at its highs.

US stock market daily report (October 14, 2014, Tuesday)

October 14, 2014, Tuesday
Facebook, Inc. (FB-Nasdaq) CEO Mark Zuckerberg and wife Priscilla Chan announced on Tuesday, they are donating $25 million to the Centers for Disease Control Foundation to help fight Ebola. Zuckerberg said in a statement on his Facebook page, “The Ebola epidemic is at a critical turning point. It has infected 8,400 people so far, but it is spreading very quickly and projections suggest it could infect 1 million people or more over the next several months if not addressed.

US stock market, economy and companies update (October 14, 2014)

October 14, 2014, Tuesday
US equities are bouncing higher this morning after yesterday's steep losses. The VIX shot up to 22-month highs yesterday afternoon, hitting 24.60 at its highest. The VIX is around 22.7 presently. The DJIA is moving triple-digits for the sixth straight session. As of writing, the DJIA is up 0.65%, the S&P500 is up 0.81% and the Nasdaq is up 1.16%. The 10-year UST yield fell below 2.20% earlier this morning, marking fresh 15-month lows.

Indian stock market daily morning report (October 14, 2014, Tuesday)

October 14, 2014, Tuesday
Benchmark share indices staged a recovery in late trades, amid firm European cues, helped by a rebound in financials while IT shares gained post upbeat July-September earnings from Infosys. The 30-share Sensex ended up 86 points at 26,384 and the 50-share Nifty ended up 24 points at 7,884. Nine metal & mining stocks closed up 0.20% to 3.20% on BSE after the latest data showed China's exports and imports rose faster than expected in September.

US stock market daily report (October 13, 2014, Monday)

October 13, 2014, Monday
Italy has decided to call in its army to help grow medical marijuana, which was legalized in the country during 2013. Due to the current high cost of medical marijuana, Italy sees few patients who need medical marijuana, receiving it. Beginning in 2015, Italy plans to bring affordable marijuana to suffering patients. In an experiment, the Italian government plans to grow cannabis for their health care system in a high-security lab in a military compound.

US stock market, economy and companies update (October 13, 2014)

October 13, 2014, Monday
The volatility continues this morning in heavy trading volume. More positive and less flattering news has clashed over the Asia and Europeans sessions, with markets jibing in the wake of the strong China September export data, soft German wholesale prices and the first person-to-person Ebola transmission in the US. As of writing, the DJIA is down 0.14%, the S&P500 is down 0.40% and the Nasdaq is down 0.35%.

Indian stock market daily morning report (October 13, 2014, Monday)

October 13, 2014, Monday
Benchmark shares indices shaved off most of the previous session gains amid weak global cues even as Infosys surged nearly 7% on the back of better-than-expected second quarter earnings and its new chief executive Vishal Sikka's vision to reemerge as the IT sector's bellwether through consistent profitable growth. Further, investors have turned cautious ahead of the August industrial production data due later during the day.

Indian stock market and companies daily report (October 13, 2014, Monday)

October 13, 2014, Monday
Indian markets are expected to open negatively tracking SGX Nifty and Asian markets. US market ended on negative note owing to European growth concerns which led to global negative sentiment. European markets closed in the negative territory on Friday, extending this monthRs.s steep losses on concerns the European Central Bank will dither as Germany heads for recession.

US stock market daily report (October 10, 2014, Friday)

October 10, 2014, Friday
U.S. investors are making a risky bet. Investors are making a wager that their investment in the Canadian medical marijuana industry will not fall under the scrutiny of U.S. laws. Just this year, Canada overhauled its laws, making it legal to buy marijuana from licensed producers with a doctor’s prescription. Canada's medical marijuana market is expected to grow to $1.3 billion, within a decade. Canada has been the largest beneficiary of fund flows from U.S. investors.

US stock market, economy and companies update (October 10, 2014)

October 10, 2014, Friday
It's been a wild ride today as US equities dip into and out of negative territory. With volatility running very hot, the VIX has popped above 20 for the first time since early February. Utilities and consumer staples names are among the only names holding up as traders seek safe havens. Conversely, momentum tech names have been hammered, with TWTR and FB down 8% and 4%, respectively, at their worst levels earlier this morning. The US 10-year yield approached but did not break yesterday's 16-month lows of 2.28% in the US premarket.

Indian stock market daily morning report (October 10, 2014, Friday)

October 10, 2014, Friday
Benchmark shares indices ended 1.5% higher on Thursday snapping a three-day losing streak led by financials following encouraging India growth forecast by the World Bank while delay in interest rates by the US Federal Reserve also boosted sentiment. The 30-share Sensex ended up 390 points at 26,637 and the 50-share Nifty closed 118 points higher at 7,961.

Indian stock market and companies daily report (October 10, 2014, Friday)

October 10, 2014, Friday
Indian markets are expected to open negatively tracking SGX Nifty and Asian markets. US stocks plunged the most since April, declining about 2%, on concern that slowing growth in Europe will hurt the American economy as the Federal Reserve ends its bond purchases. European stocks slid amid concerns of economic slowdown.

US stock market daily report (October 09, 2014, Thursday)

October 10, 2014, Friday
Using a highly precise method to determine the antiquity of paintings found in seven caves on the Indonesian island of Sulawesi, Scientists determine the artwork was created at least 40,000 years ago. The prehistoric paintings depict animals such as a pig-deer and the outline of human hands. Findings of Scientists rewrite the history of art. Scientists used a method based on the radioactive decay of tiny quantities of uranium in small mineral growths dubbed 'cave popcorn' that formed on some of the paintings.

US stock market, economy and companies update (October 09, 2014)

October 9, 2014, Thursday
Yesterday's late equity rally has been explained away as an effect of the FOMC minutes driving short selling capitulation, but there is little sign of risk appetite this morning. European indices gave up all of their early gains and slid into negative territory as US traders began selling S&P500 futures in the premarket. The 1950 area on the S&P500 appears to be a key level. As of writing, the DJIA is down 0.65%, the S&P500 is down 0.66% and the Nasdaq is down 0.36%.

Indian stock market daily morning report (October 09, 2014, Thursday)

October 9, 2014, Thursday
Benchmark shares indices ended lower, amid choppy trades, for the third straight session with IT shares declining the most led by Infosys amid reports of downgrade by global financial services major Citigroup. The 30-share Sensex ended down 25 points at 26,247 and the 50-share Nifty closed 10 points lower at 7,843.

Indian stock market and companies daily report (October 09, 2014, Thursday)

October 9, 2014, Thursday
Indian markets are expected to open positively tracking SGX Nifty and Asian markets. U.S. stocks rose on the Federal Reserve's hint that interest rates will stay near zero for "considerable time". European stocks declined amid concern that equity valuations have overshot the potential for economic growth and earnings.

US stock market daily report (October 08, 2014, Wednesday)

October 8, 2014, Wednesday
After years of complaints from consumers about being charged for services they never requested, AT&T, Inc. (T-NYSE) has agreed to pay a $105 million settlement. The Federal Trade Commission said on Wednesday the telecommunications giant agreed to settle charges that they 'crammed' consumers phone bills. Of the settlement from AT&T, $80 million will be used to refund customers charged for services never requested. For penalties and fees, $20 million will go to all 50 states and Washington, D.C. The remaining $5 million will go to the FTC.