Market Watch April 11 2005 Russell 2000 summary
Market diary shows Russell 2000 up 3.58 points to 607.17 on the NYSE. Advanced issues total 1,424 with 50 new highs and 1,846 declines. unchanged 159. Trading volume 1,542,883,220. Second line reports Nasdaq data with 1,072 advances and 26 new highs versus 1,984 declines, 163 unchanged and volume 1,366,475,577.
AK Steel adds titanium surcharge to stainless steel
AK Steel Corp says it will add a titanium component to its stainless steel raw material surcharge due to a nearly five fold rise in titanium alloy costs since early 2004. The surcharge, effective May 1, applies to all stainless steel sheet, strip and plate products with titanium, calculated from titanium usage and a base rate of 3.50 per pound, using March 2005 monthly titanium price data for May shipments.
MENTIONED IN THIS ARTICLE
AK Steel Corp
Middletown
Ryan’s Notes
U.S
NCR Announces Strong Earnings Ahead of Expectations
NCR Corp says first quarter earnings will be at least 16 cents per share, more than three times higher than prior forecasts, driven by solid results in ATMs, retail checkout scanners, and data warehouses. The company will report on April 28, with Thompson Financial analysts expecting 5 cents per share.
MENTIONED IN THIS ARTICLE
Dayton
NCR Corp
Thomson Financial
OPEC weighs output rise as crude prices slide in Vienna
In Vienna, OPEC members ponder boosting official output by a half million barrels daily starting next month to meet anticipated demand later in the year. May crude slipped to 52.76 a barrel on the NYMEX with Brent near 51.92, while U.S. inventory data suggested a 2.4 million barrel rise to 317.1 million.
MENTIONED IN THIS ARTICLE
Vienna
Austria
OPEC
U.S. Energy Department
New York Mercantile Exchange
Europe
London
Brent
Kuwait
PVM Oil Associates Gmbh
U.S
Alex Scott
Ford lowers earnings forecast sparks stock drop
Ford Motor Co warned profits would fall short of expectations for 2005 and 2006, sending its stock to the lowest level in more than a year. Shares fell 59 cents to 10.44 on Monday while analysts cited rising health care costs and steel prices as major headwinds.
MENTIONED IN THIS ARTICLE
Detroit
Ford Motor Co
General Motors
Ford
Dearborn
Credit Suisse First Boston
Chris Ceraso
New York Stock Exchange
Fitch
U.S
Standard & Poor’s
Ceraso
Jaguar
Stocks of Local Interest Not Available
Daily market roundup notes most active stocks but lacks detailed quotes or specific company names. Readers are directed to consult final exchange reports for full listings and prices.
Workers Return After Textarkana Tire Strike Vote
Texarkana Union members at Cooper Tire plant vote 708 to 632 to end a month long strike. 1700 Local 752L United Steelworkers members will begin paying health insurance premiums as part of a new contract. The plant runs about 40,000 tires daily at full capacity.
MENTIONED IN THIS ARTICLE
Texarkana
Ark
Cooper Tire & Rubber Co
United Steelworkers Union
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