Late Market Roundup

Shares of Deutsche Bank AG (NYSE: DB) fell after Bloomberg said in a report that DB was looking forward to raising more than $11 billion by selling stocks. Equity strategist Peter Boockvar of Miller Tabak said, "They will likely not be the only bank that will have to raise more money." Although the...

Analysts at JP Morgan lowered its ratings and estimates on many auto-parts makers due to its lowered Q2 projections for car sales and production. Shares of BorgWarner Inc (NYSE: BWA), Magna International Inc (NYSE: MGA), Tenneco Inc (NYSE: TEN) and Dana Holding Corp (NYSE: DAN) moved down more than...

According to an industry trade group, spending on newspaper ads across the US has narrowed for the third consecutive quarter on a year-over-year basis. The spending fell 5.6% in the second quarter. The Newspaper Association of America (NAA) reported that the Total print and online-ad expenditures...

US retail stocks increased their gains, as companies reported strong sales driven by a rise in promotions. Nordstrom Inc (NYSE: JWN) gained the most after reporting upbeat same-store sales. Shares of Zumiez Inc (NASDAQ: ZUMZ) and Wet Seal Inc (NASDAQ: WTSLA) also moved up after the retailers...

Ford Motor Co (NYSE: F) has reported that its US sales have dropped 10.7% to 157,503 cars and trucks in August, as the company’s year-ago results also reflect the government's cash-for-clunkers promotion. Focus and Fusion sales reported a double-digit decline in August. Energy stocks started...

Oil for October delivery widened its losses at the close of the session. Crude futures closed fell 3.7% at $71.92 per barrel. Natural-gas for October delivery moved up to $3.816 per million British thermal units from its yesterday's closing of $3.812 per million British thermal units. However,...

Treasury prices moved up to recover from a substantial decline on Friday. Bonds remained in the positive zone after government data depicted a rise in consumer spending and inflation for the previous month. Yields on 10-year notes dropped about 3.51%. Gold futures rose today as investors are...

Crude-oil futures moved up today following a report showing a higher-than-expected decline in weekly jobless claims. Crude for October delivery gained 1.2% to $73.46 per barrel on the New York Mercantile Exchange (NYMEX). Natural gas for September delivery fell 1.1% to $3.83 per million British...

Gold futures moved up today driven by a weaker-than-expected gain in the orders for durable goods, along with drop to a new all-time low in the US new home sales in July. Gold for December delivery gained 0.6% to $1,241.60 an ounce on the Comex division of the New York Mercantile Exchange (NYMEX)....

The decline in the shares of Medtronic (NYSE: MDT) dragged down the stocks in the healthcare sector. MDT’s shares moved down after the company reported weaker-than-expected Q1 results. MDT has also lowered its projections for FY11. MDT’s shares dipped about10% following the results. Standard...

Gold futures moved down slightly today after the US dollar gained some momentum. Gold for December delivery fell 0.2% to $1,226 an ounce on the Comex division of the New York Mercantile Exchange (NYMEX). The dollar index (DXY) gained about 0.13% after opening lower. Shares of Sanderson Farms (...

Shares of Sears Holdings Corp (NASDAQ: SHLD) plunged after the company posted lower same-store sales. However, the company narrowed its Q2 loss on a year-over-year basis, but still the loss was wider than expected. SHLD’s interim chief executive officer Bruce Johnson said, "Kmart continued to...

Shares of Netflix Inc (NASDAQ: NFLX) are trading down after analysts at Morgan Keegan downgraded the company from “perform” to “underperform.” The company’s share price has doubled since February after the online DVD rental provider's streaming service showed strong results. NFLX’s shares have lost...

Crude-oil futures rebounded today from a 5-week low to reach the $76-per-barrel level. The rise in futures was driven by weakness in the US dollar, along with a rise in the stocks. Crude for September delivery rose 1.1% to $76.06 per barrel on the New York Mercantile Exchange (NYMEX). Shares of PMI...

Gold futures advanced to their six-week high today, as disappointing economic data encouraged traders to opt for safe-haven buying. Adam Klopfenstein, a senior market analyst with Lind-Waldock in Chicago mentioned, "Safe-haven appeal of gold is still on focus." He added, "People really don't have a...