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Showing posts with the label MarketWatch | Market Pulse

MarketWatch | Market Pulse: U.S. stocks post strong gains after Fed

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By Kate Gibson , MarketWatch  NEW YORK (MarketWatch) — U.S. stock gains intensified Wednesday after the Federal Reserve reiterated its vow to stimulate economic growth with low interest rates, and said a pickup in inflation would likely be short-lived. “The Fed wants to present itself as having a plan, being consistent and not adding to the uncertainty in the market. You may not like the track it’s on, but you can be confident of where it’s going, and that consistency translates into a positive for the market,” said Marc Pado, U.S. market strategist at Cantor Fitzgerald. Impact of FOMC statement Kelly Evans leads a discussion about the impact of the latest statement by the Federal Reserve and the decision to leave interest rates unchanged. In addressing reporters, Federal Reserve Chairman Ben Bernanke downplayed the possibility of a third round of quantitative easing, saying the trade-offs had become less attractive.

MarketWatch | Market Pulse: Ford shares lead S&P higher on upgrade

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By Shawn Langlois   SAN FRANCISCO (MarketWatch) -- Ford Motor Co. /quotes/comstock/13*!f /quotes/nls/f ( F 15.58 , +0.42 , +2.78% ) shares rallied almost 3% to $15.58 to lead the S&P 500 /quotes/comstock/21z!i1:in\x ( SPX 1,334 , +1.19 , +0.09% ) higher early Monday after Credit Suisse upgraded the stock to neutral from underperform. "Following disappointing 4Q10 results, a healthy dose of skepticism has made its way into the stock," analyst Chris Ceraso said. "However, beneath that caution, we believe investors are ready and willing to re-embrace Ford." Last week, Ford posted a 19% rise in March U.S. sales, with a total of 212,777 to wrestle the long-held top spot away from General Motors Co. /quotes/comstock/13*!gm /quotes/nls/gm ( GM 32.57 , +0.16 , +0.49% ) .

MarketWatch | Market Pulse: FedEx cuts outlook; quarterly profit declines

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By Christopher Hinton NEW YORK (MarketWatch) -- FedEx Corp. /quotes/comstock/13*!fdx /quotes/nls/fdx ( FDX 89.00 , +3.72 , +4.36% ) said Thursday its fiscal third-quarter earnings fell to $231 million, or 73 cents a share, from $239 million, or 76 cents a share, in the year-ago period. Revenue rose 11% to $9.66 billion. On an adjusted basis, the Memphis-based shipping company said it earned 81 cents a share. Analysts surveyed by FactSet Research were looking for earnings of 83 cents a share, on average. For the fourth quarter, FedEx forecast earnings in a range of $1.66 to $1.83 a share. The Wall Street outlook is for a profit of $1.66 a share. For the fiscal year, the company lowered its full-year view to a range of $4.83 to $5 a share, from a prior range of $5 to $5.30 a share, because of higher fuel costs, versus analysts' expectation of $4.89 a share. FedEx shares rose 4.4% prem

MarketWatch | Market Pulse: Jobless claims at nearly 3-year low of 368,000

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By Jeffry Bartash WASHINGTON (MarketWatch) - New applications for U.S. jobless benefits fell by 20,000 to 368,000 in the week of Feb. 26, the lowest level in nearly three years, the Labor Department reported Thursday. The last time claims were that low was in May 2008. Economists polled by MarketWatch had expected first-time jobless claims to rise to a seasonally adjusted 398,000 from last week's revised level of 388,000. Over the past four weeks claims have averaged 388,500, marking the lowest one-month average since July 2008, according to government data. The four-week average is considered a more accurate gauge of employment trends because it lessens week-to-week volatility in the data. The decline in claims, which have fallen 27% since last August, appears to be consistent with a modest pace or hiring and fewer layoffs. Continuing claims, meanwhile, declined by 59,000 to 3.77 million in the week of Feb. 19. About 9.24 mill