logo

Post Market Summary: Wall Street Ends Higher On Upbeat Jobs Report, Disney (NYSE: DIS) Soars
By: iStockAnalyst   Thursday, September 10, 2009 6:02 PM

Vote for next session
The next market session will close:

(By Salman - iStockAnalyst Writer)US stocks finished higher on Thursday on better than expected initial claims data and upbeat revenue forecast by Procter and Gamble. Stocks also got a boost after Treasury's auction of $12 billion in reopened 30-year bonds generated stronger-than-expected demand.

The Dow Jones Industrial Average rose 80.26 points or 0.84% to finish at 9,627.48. The S&P 500 added 10.77 points or 1.04% to end at 1,044.14. The Nasdaq Composite climbed 23.63 points or 1.15% to 2,084.02.

A release by Department of Labor on Thursday showed number of Americans filing first- time claims for unemployment benefits fell 4,000 to 621,00 in the week ending September 5. Economists expected jobless claims to drop to 560,000. The four-week average of seasonally adjusted initial jobless claims, a less volatile gauge, increased 4,000 to 631,250.  Continuing claims for the week ending August 29 dropped 15,000 to 6.74 million.

The Commerce Department reported Thursday that the U.S. trade deficit widened by 16.3% in July to $32.0 billion.

Walt Disney (NYSE: DIS), the largest US theme park operator, jumped $1.41 or 5.23% to close at $28.36.

Shares of Procter & Gamble Co. (NYSE: PG) soared $2.28 or 4.24% to $56.04 after the consumer giant said Thursday that it expects to report fiscal 2010 earnings in the range of $3.99 to $4.12 a share. The consumer giant also said that organic sales in the fiscal second quarter, which starts in October, will increase 1 percent to 4 percent.

AT&T (NYSE: T) surged 62 cents or 2.39% to $26.56.

Late on Wednesday, Texas Instruments (NYSE: TXN) hiked its revenue and earnings guidance. The company said it now expects to report revenue in the range of $2.73 billion to $2.87 billion, compared to prior forecast in the range of $2.5 billion to $2.8 billion.The company also said that it now expects earnings in the range of 37 cents a share to 41 cents a share, compared with previous forecast in the range of 29 cents a share to 39 cents a share. Shares of the chipmaker dropped 14 cents or 0.56% to $25.

Monsanto Co (NYSE: MON) affirmed on Thursday that 2009 ongoing earnings would come in at the low end of its previously announced range of $4.40 to $4.50, for the year ended August 31.

Next Page >>12

(0)
No Comments
Post Comment
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
   
 
 
 
 
   
 

The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
Advertisement
Popular Articles
Related Press Releases
Advertisement
Partner Center
Recent Articles by iStockAnalyst



Subscribe to Email Alerts rss feed or RSS feeds rss feed for articles from more than 500 contributors, press releases, SEC filings and full text news from more than four thousand sources.
Fundamental data is provided by Zacks Investment Research, market data is provided by AlphaTrade. , and Commentary and Press Releases provided by Quotemedia