Late Market Roundup

According to Informa Global Markets, Goldman Sachs (NYSE: GS) has announced the sale of $3 billion in debt in a two-part deal. The deal comprises of 5-year and 10-year debt. As per Informa, Morgan Stanley (NYSE: MS) has also planned to issue 5-year and 10-year bonds. According to a regulatory...

Shares of Texas Instruments (NYSE: TXN) moved down after the company posted a three-fold rise in its Q2 profit, while its revenue for the same period missed Wall Street expectations, with Nokia Corp (NYSE: NOK) reporting weaker-than-expected sales. The Philadelphia Semiconductor Index (SOX) also...

Shares of PetMed Express Inc (NASDAQ: PETS) dipped about 7% after the company reported an 11% drop in its FQ1 profit and a 3.6% fall in sales. The company posted its profit at $0.32 per share, short of the Street view of $0.38 per share. According to Menderes Akdag, PETS’ President and Chief...

Google Inc (NASDAQ: GOOG) and Advanced Micro Devices Inc (NYSE: AMD) are scheduled to report their quarterly results after the closing bell today. Wall Street expects GOOG to post its Q2 earnings at $6.53 per share on $4.99 billion in net revenue. AMD is also likely to report a strong rise in its...

Shares of residential builders, including Pulte Group (NYSE: PNM), KB Home (NYSE: KBH) and Lennar Corp (NYSE: LEN), dropped about 4% after analysts Joshua Pollard and Anto Savarirajan of Goldman Sachs downgraded the sector from “attractive” to “neutral.” The analysts were concerned about a slow...

According to a report by Moody's Investors Service, the European speculative-grade default rate has dropped to 5.8% in Q2, from 7.3% in Q1 and 7.4% in the year-ago period. The trailing-twelve-month global speculative-grade default rate has fallen to 6.1%, as compared to 10% in the last quarter....

According to the Energy Information Administration (EIA), demand for liquid fuels including gasoline and diesel is now showing recovery signs this year. After slowing to 20,000 barrels per day in the first quarter, consumption has increased to 500,0000 barrels per day in the second quarter. The EIA...

Trading in Anadarko Petroleum Corp (NYSE: APC) was halted at 10:56 a.m Eastern Time for a short time after it breached a circuit breaker on the New York Stock Exchange (NYSE). According to reports, a trade of 200 shares at about $100,000 per piece triggered the circuit breaker. The trading...

Despite a rise in jobless claims, US airline stocks moved up today. The crude’s benchmark price dipped below $75 a barrel. The NYSE Arca Airline Index (XAL) gained 1%. The benchmark Standard & Poor's 500 Index was nearly flat at 1,030.71 points. The top gainers among the airline stocks were US...

The technology stocks gained today after losing in the early morning trading. The sector made an effort to close H1 in the positive territory. The NASDAQ Composite Index (COMP) gained 0.4% after falling about 4% yesterday. NASDAQ has lost 5.4% in the first half of 2010. The stocks that posted gains...

Yields on 2-year Treasury notes dropped to 0.6%, marking a new low, after US bonds gained as a result of global growth worries. Investor concern today is focusing on weak Chinese economic data and the financial health of European banks. Investors also hesitated to buy stocks and commodities as US...

Shares of Amazon.com (NASDAQ: AMZN) fell about 2% after analysts at Susquehanna Financial Group downgraded the company from “positive” to “neutral.” According to the analysts, the Kindle e-reader is facing competitive pressures in the market, which can cause concern among investors. Crude futures...

British Airways (OTC: BAIRY) has made a new offer to its cabin crew union, which has 12,000 members. The union is about to start another strike to press its demands for staffing levels and wages. The offer includes increasing allowances for existing crew, salary hikes for two years starting 2011...

Natural gas prices started fluctuating after the inventories of natural gas posted a rise of 82 billion cubic feet across the nation in the week ended June 18. The data was provided by the Department of Energy. The analysts were expecting a rise in the range of 78 to 82 billion cubic feet. Natural...

Shares of CarMax (NYSE: KMX) soared about 9% after the company reported better-than-expected Q1 results. KMX posted a threefold increase in profit for the first quarter. Chief executive Tom Folliard said, "Sales execution remained strong, as our stores were able to maintain the recent gains in the...