Wall Street sube el 0,15% a pesar

03:15 p.m.
Fuente: Bloomberg

Fuente: Finanzas

*Wall Street sube el 0,15% a pesar de fuertes pérdidas de financieras
La Bolsa de Nueva York finalizó hoy con un alza del 0,15% en el Dow Jones una sesión muy volátil en la que las entidades financieras volvieron a registrar fuertes descensos, sobre todo Citigroup y Bank of America.

El índice Dow Jones de Industriales, que agrupa a algunas de las mayores empresas de Estados Unidos, sumó 12,35 puntos y finalizó en 8.212,49 enteros.

El mercado Nasdaq ganó un 1,49 por ciento y quedó en 1.511,84 unidades, mientras que el selectivo S&P 500 aumentó un 0,13 por ciento y finalizó en 843,74 puntos.

Fuente: Fox News

*Wall Street Ends Losing Streak
Thanks to an unprovoked late-day rally, Wall Street ended its six-day losing streak as the Dow bounced off the psychologically-important 8000 level despite a flurry of new financial jitters.

Today’s Markets
According to preliminary calculations, the Dow Jones Industrial Average jumped 12.82 points, or 0.16%, to 8212.81, the S&P 500 added 1.23 points, or 0.15%, to 843.77 and the Nasdaq Composite picked up 22.20 points, or 1.49%, to 1511.84. The consumer-friendly FOX 50 fell 3.02 points, or 0.47%, to 634.98.

Wall Street made a big comeback effort late in the day, allowing stocks to close well off the lowest levels of the day. The late-day rally came despite the lack of any specific news to erase what had been a broad selloff.

“I don’t think there was a catalyst. Often times when we get to extreme oversold levels, which we are short term, you have the potential for this to happen,” said Michael James, senior equity trader at Wedbush Morgan Securities. “There really wasn’t anything important that happened. This is more of an oversold psychological [rally] than anything fundamental that’s driven it.”

Aside from the latest turmoil in the financial sector, the markets were also influenced by a cluster of other headlines, including oil plunging as low as $33 per barrel, another bleak labor report, the largest calendar-year drop in producer prices since 2001 and Apple (AAPL: 83.38, 4.38, 5.54%) CEO Steve Jobs's leave of absence.

Wall Street has been stuck in another tailspin of late as the Dow had suffered its longest such streak since October. At its low of the day, the Dow sank as much as 200 points to fall below the 8000 level Thursday for the first time since November 21.

Nearly half of the Dow's 30 components drifted into positive territory by afternoon trading, led by Home Depot(HD: 22.82, 0.89, 4.06%) and DuPont (DD: 24.68, 0.81, 3.39%). The biggest drags on the index were stillCitigroup (C: 3.73, -1.852, -33.18%) and Bank of America (BAC: 8.5, -1.68, -16.5%), which recovered somewhat from earlier losses.

Despite the Jobs announcement at Apple, the Nasdaq Composite fared better than the broader market, led by big gains from tech stocks like Research in Motion (RIMM: 49.24, 2.79, 6.01%) and Amazon.com (AMZN:51.44, 2.95, 6.08%). Autodesk (ADSK: 15.48, -2.25, -12.69%) and Yahoo! (YHOO: 11.61, -0.8, -6.45%) were two of the biggest percentage losers on the Nasdaq 100 in recent action.

Financials in Focus
The focus on Wall Street was once again on the future of the tumultuous financial sector as Citi plunged as much as 25% and Bank of America briefly plummeted to 18-year lows. Shares of both companies and the rest of the sector bounced off those lows, though there wasn't a clear catalyst for the rally.

“It’s rather alarming in fact. In essence, these banks are pretty much underwater. They are insolvent if they had to mark everything to market," Peter Boockvar, equity strategist at Miller Tabak, told FOX Business.

Financial jitters were bolstered again as The Wall Street Journal reported late Wednesday that Bank of America is close to a deal with the government to receive billions in additional aid to help close its takeover of Merrill Lynch. Sources told FOX Business's Peter Barnes that BofA is set to receive about $15 billion of funds from the government's TARP program to help digest and integrate Merrill. The latest rescue is expected to be announced next Tuesday when BofA is slated to report quarterly results.

BofA appears to have bitten off more than it could chew as steep losses at Merrill led the bank to warn the government that the deal could fail. BofA acquired Merrill, then the nation’s largest brokerage, amid the height of the credit crisis in September as Lehman Brothers collapsed and AIG (AIG: 1.41, -0.09, -6%) needed a government rescue.

Also, Citi continues to see its market value disappear as the financial giant struggles to escape another tailspin. The banking conglomerate, which unveiled a deal to spin off prized brokerage Smith Barney earlier this week to raise cash, is now hovering less than $1 per share above the level when the government unveiled a massive rescue last year. Joining a recent chorus of analysts, BofA lowered its expectations for Citigroup’s quarterly results, which are slated for release on Friday.

Financial giant JPMorgan Chase (JPM: 25.919, 0, 0%) gave the markets some relatively positive banking news as it reported a profit of 7 cents per share in the fourth quarter, exceeding expectations thanks to one-time gains related to the acquisition of Washington Mutual.

Still, JPMorgan’s profit was off by 76% from a year ago as the weak economy and credit crisis forced the bank to write down $2.9 billion of bad loans and set aside $4.1 billion to cover credit losses.

Crude Hits $35
On the energy front, crude oil prices fell sharply as the commodity continues to come under heavy pressure from the recession despite unprecedented production cuts from OPEC. The price of a barrel of crude settled at $35.40, down $1.88. Earlier in the session crude plunged as low as $33.20 per barrel -- the lowest closing level in five years.

The sinking prices weighed on energy stocks as names like ConocoPhillips (COP: 48.47, -0.83, -1.68%) andValero (VLO: 22.8, 0.57, 2.56%) slumped. Crude has ended in the red in six of the last seven trading days, losing 23% of its value over that span on continued demand fears.

Corporate Movers
General Motors (GM: 3.87, 0.02, 0.52%) slashed the upper end of its 2009 sales view to reflect what it sees as the weakest auto market in 27 years. The auto maker now sees U.S. sales of up 10.5 million vehicles, down from its previous forecast of 12 million.

Apple (AAPL: 83.38, 4.38, 5.54%) saw its shares slide a day after Jobs said he is taking a leave of absence until the end of June as his health-related issues are "more complex" than originally thought. Tim Cook, Apple's chief operating officer, is set to assume day-to-day operations at the tech giant. While the news clearly spooked shareholders, Apple's stock has recovered from earlier losses.

New York Times Co.’s (NYT: 6.17, -0.09, -1.44%) Boston Globe is offering buyouts to all newsroom employees in an effort to cut as many as 50 jobs, the newspaper reported. If too few employees agree to leave voluntarily, the company will resort to layoffs, the Globe reported.

Symantec (SYMC: 13.5, 0.76, 5.97%) CEO John Thompson is one of two candidates President-elect Barack Obama is considering to tap for secretary of the Commerce Department, Reuters reported.

Motorola (MOT: 4.42, 0.33, 8.07%) unveiled plans to slash 4,000 jobs and warned it will post a fourth-quarter loss due to slumping phone sales. The company’s stock rose as JPMorgan upgraded it to “overweight” from “neutral,” citing the latest cost-cutting moves.

Genworth Financial (GNW: 2.08, -0.26, -11.11%) lost one-fourth of its market value on concerns about how life insurers’ variable-annuities businesses will fare during the market’s recent tailspin. Moody’s Investors Service warned of constrained profitability and capital adequacy if the markets suffer a substantial decline, Dow Jones Newswires reported.

Delta Air Lines (DAL: 11.01, 0.74, 7.21%) eyes an additional 2,000 job cuts through early retirement offers as the company seeks to slash capacity by up to 8%, Reuters reported.

Autodesk (ADSK: 15.48, -2.25, -12.69%), the software market previously run by new Yahoo! (YHOO: 11.61, -0.8, -6.45%) CEO Carol Bartz, warned its fourth-quarter results will miss Wall Street’s expectations and announced plans to cut 750 jobs.

Target (TGT: 34.97, 1.3, 3.86%) named CEO Gregg Steinhafel as its chairman, replacing retiring Chairman Bob Ulrich effective Feb. 1.

MeadWestvaco (MWV: 11.57, 0.58, 5.28%), a packaging and specialty-chemicals company, announced plans to shut 14 factories, freeze wages and cut 2,000 jobs, or 10% of its workforce.

Data Dump
Wall Street received a mixed batch of economic news on Thursday, led by a worse-than-expected report that showed initial unemployment claims jumped by 54,000 to 524,000 last week. However, continuing claims filed by those out of work for more than four weeks declined by 115,000 last week to 4.5 million.

Deflation fears were likely cooled by the government's producer price report, which showed wholesale prices plunged by 1.9% in December. For the year, wholesale prices declined by 0.9%, the largest one-year decline since 2001. Excluding food and plunging energy prices, core producer prices rose 0.2% in December.

Also, the New York Fed’s manufacturing index improved in January to a -22.81 reading but remained near all-time lows as the economy continues to take its toll on the manufacturing industry.

Global Markets
European markets suffered their seventh straight losing session despite another interest rate cut from the European Central Bank. The Dow Jones Euro Stoxx 50 slumped 1.77% to 2257.67 and London's FTSE 100closed down 1.42% to 4121.11.

Asia saw much heavier losses as Japan's Nikkei 225 plunged 4.92% to 8023.31 and Hong Kong's Hang Seng sank 3.37% to 13242.96.

Fuente: Terra

*Wall Street sube el 0,15% a pesar de fuertes pérdidas de financieras
La Bolsa de Nueva York finalizó hoy con un alza del 0,15% en el Dow Jones una sesión muy volátil en la que las entidades financieras volvieron a registrar fuertes descensos, sobre todo Citigroup y Bank of America.

El índice Dow Jones de Industriales, que agrupa a algunas de las mayores empresas de Estados Unidos, sumó 12,35 puntos y finalizó en 8.212,49 enteros.

El mercado Nasdaq ganó un 1,49 por ciento y quedó en 1.511,84 unidades, mientras que el selectivo S&P 500 aumentó un 0,13 por ciento y finalizó en 843,74 puntos.

Fuente: Cronista

*Por contagio de Wall Street, el Bovespa ganó 3%
Luego de prevalecer en rojo gran parte de la rueda, el indicador paulista quedó en 39.142 puntos.

Sorpresivo final de rueda para el Bovespa hoy. Luego de transcurrir gran parte de la jornada de operaciones en rojo, el índice más relevante del panel brasileño, el Ibovespa, ganó 3,06%.

Siguiendo la recuperación de Wall Street, que también a poco del cierre viraba desde el terreno de las pérdidas hacia el de las ganancias, el indicador paulista culminó con un registro de 39.142 puntos.

El mercado brasileño operó en rojo por los temores generados con la economía global y particularmente la suerte de los grandes bancos.

En la bolsa paulista, las acciones de instituciones financieras y de compañías vinculadas a las materias primas revirtieron importantes pérdidas para cerrar con sustanciales ganancias.

Los papeles la petrolera estatal y de la gigante minera Vale, las de mayor peso en el índice, avanzaron un 3,43 y un 2,72%, respectivamente.

En cuanto a los papeles financieros, los de Bradesco ganaron un 3,05%, los de Unibanco un 2,21% y los de Itaú un 1,81%.

11:48 am

11:43 am
Fuente: Bloomberg

U.S. Stocks Retreat on Concern Banks Need More Government Aid

By Eric Martin

Jan. 15 (Bloomberg) -- U.S. stocks fell for a second day as concern grew that Bank of America Corp. and Citigroup Inc. will need more government aid, while reports showed declining producer prices and an increase in initial jobless claims.

Bank of America, the biggest U.S. bank by assets, plunged 23 percent to an 18-year low. Citigroup Inc., which has already received $45 billion of U.S. assistance, slid as much as 26 percent. Apple Inc. tumbled 4.8 percent on Chief Executive Officer Steve Jobs’s plan to take a medical leave of absence.

The Standard & Poor’s 500 Index retreated 1.8 percent to 827.54 as of 11:26 a.m. in New York. The Dow Jones Industrial Average fell 113.74 points, or 1.4 percent, to 8,086.4. The Russell 2000 Index slipped 1.8 percent.

“The economic environment and news is the most important factor for the market right now, and it’s not a positive,” said Dean Gulis, part of a group that manages about $2.5 billion for Loomis Sayles & Co. in Bloomfield Hills, Michigan. “Unemployment will continue to rise for some time. It reinforces the sense of overall weakness.”

All 24 industry groups in the S&P 500 retreated after producer prices capped the first annual decrease in seven years and first-time claims for unemployment benefits jumped by 54,000. U.S. stocks yesterday slid the most in six weeks after retail sales decreased at more than twice the rate forecast by economists.

The S&P 500 has dropped 8.4 percent in 2009, its worst start to a year since at least 1978, as companies from Alcoa Inc. to Intel Corp. spurred concern earnings will deteriorate amid the recession and the unemployment rate in the U.S. climbed to the highest level in almost 16 years.

Bank of America, Citigroup

Financial stocks tumbled 6.4 percent, the biggest decline among 10 S&P 500 industries. The KBW Bank Index of 24 companies sank 8.2 percent to its lowest level since July 1995 after breaking through its November low yesterday.

Bank of America fell $2.24 to $7.96. Details of government aid are likely to be disclosed on Jan. 20, people familiar with the situation said. That’s when Bank of America may post its first quarterly loss in 17 years as it digests the purchases of Merrill Lynch and Countrywide Financial Corp. The combined company has already received $25 billion from the U.S.

Citigroup slid 96 cents to $3.57 on concern the bank may be forced to seek more government assistance on top of the $45 billion of U.S. funds that it already received.

Marshall & Ilsley Corp. lost 22 percent, the most intraday in six weeks, to $8.35. Wisconsin’s largest bank posted a fourth-quarter loss on defaults by homebuilders and slashed its dividend.

Apple lost $4.32 to $81.01. Chief Operating Officer Tim Cook, who filled in during Jobs’s 2004 medical leave, has taken over Apple’s day-to-day operations, the company said. Jobs said he will remain involved in major strategic decisions.

S&P 500’s ‘Retracement’

The S&P 500 has wiped out more than half its gain since rallying from 11-year low in November, a sign the benchmark for U.S. equities may drop more. The index fell 3.4 percent to 842.62 yesterday, below the 843.57 midpoint of its 24 percent advance from Nov. 20 to Jan. 6. To technical analysts, who make predictions based on price and volume history, a so-called 50 percent retracement suggests selling momentum is increasing.

U.S. foreclosure filings jumped 81 percent last year to more than 2.3 million as falling house prices, tighter mortgage lending and the longest recession in a quarter century battered property owners, RealtyTrac Inc. said.

Autodesk Inc. dropped $2.10, or 12 percent, to $15.63. The biggest maker of engineering-design software said it will cut about 750 jobs and reduced its earnings forecast for this quarter as the recession hurts demand.

11:40 am
Fuente Fox Business

BofA Shares Falter on Reports It Needs New TARP Money

Dunstan Prial

Shares of Bank of America (BAC: 8.08, -2.1, -20.63%) plummeted 25% Thursday following a report that the banking giant is seeking additional billions of dollars in bailout money from the U.S. government to help complete its merger with Merrill Lynch.

Reuters reported that the money would be in addition to the $25 billion of funds the bank has already received from the Treasury Department’s Troubled Asset Relief Plan.

Bank of America declined to comment.

Bank of America’s request, according to The Wall Street Journal, suggests the bank’s Chief Executive Officer Kenneth Lewis may have underestimated the potential damage that may still lie ahead related to Merrill’s huge investment in bad real estate securities.

“It’s not reassuring,” Kenneth Scott, a professor of law and business at Stanford Law School and former general counsel of the Federal Savings and Loan Insurance Corp., told Reuters. “There are more losses to be realized, but the question is the extent to which they are already reflected in values that banks are recording on their books.

Bank of America agreed on Sept. 15 to a shotgun purchase of Merrill after less than two days of negotiations, which sprung from efforts to address problems affecting venerable investment bank Lehman Brothers, which went bankrupt that morning.

Bank of America has estimated the Merrill price tag at more than $24.1 billion, based on regulatory filings. Adding Merrill gave it a huge investment bank, as well as a brokerage unit that Lewis called the “crown jewel” of the takeover.

The transaction made Bank of America the largest U.S. bank by assets, but saddled it with tens of billions of dollars of troubled debt, despite Merrill Chief Executive John Thain’s success in offloading tens of billions of dollars more in the previous year.

11:30 am
Fuente:  Finanzas

Nueva York, en negativo pese a las cuentas de JPMorgan

por L.Gance

Las novedades empresariales marcan el ritmo de la sesión en Wall Street. La marcha de Steve Jobs, que abandona temporalmente Apple por motivos de salud, y los números negros de JPMorgan en el cuarto trimestre centran la atención de los inversores. La posible inyección de capital en Bank of America y los resultados, al cierre, de Intel y Genetech, son los otros alicientes del día.

En el tramo inicial de la negociación el Dow Jones de industriales se deja un 0,31%, hasta 8.174,65 puntos, mientras que el selectivo Standard & Poor�s 500 recorta un 0,65%, hasta 837,14 puntos. El mercado tecnológico Nasdaq Composite se deja en la apertura un 0,24%, hasta 1.486,1 puntos.

La sesión del miércoles acabó con fuertes recortes próximos al 3% que dejan al Dow y al Nasdaq a un paso de perder sus soportes. La incertidumbre de los inversores respecto a las cuentas que presentarán los grandes bancos de EEUU fue el principal lastre en la jornada de ayer, aunque hoy esa presión disminuye gracias a JPMorgan.

El otrora banco de inversión, reconvertido ya en banco comercial, ha presentado hoy sus cuentas y ha dado una verdadera alegría a los mercados. El pesimismo que se respiraba ayer en el parqué se diluye hoy gracias al esfuerzo de esta compañía, que en el cuarto trimestre de 2008 logró esquivar las pérdidas. En ese periodo JPMorgan obtuvo un beneficio neto de 702 millones de dólares ó 7 centavos por acción, cifra que supera con creces las expectativas de los analistas de Wall Street y sirve de aliciente para que los inversores se lancen a comprar títulos de esta compañía. Las acciones de JPMorgan avanzan un 2,62%.

Pero no todo son buenas nuevas en el sector bancario. Después de sobrevivir a un año tan duro como fue 2008 los inversores estadounidenses están más que acostumbrados a recibir una de cal y otra de arena, sobre todo desde el apartado financiero. Así, pese a la alegría con la que han recibido las cuentas de JPMorgan, la euforia no se ha desatado en el parque estadounidense en ningún momento. La prudencia, compañera inseparable de los inversores desde hace meses, aconseja no lanzar las campanas al vuelo y el posible rescate de Bank of America por parte del Gobierno estadounidense lo corrobora.

Según las informaciones divulgadas hoy por el rotativo financiero The New York Times, la Administración de EEUU está a un paso de cerrar un acuerdo con BoA para inyectar miles de millones de dólares en el capital de la entidad para que ésta pueda «digerir» la adquisición de Merrill Lynch. Hasta la fecha esta entidad ya ha recibido ayudas gubernamentales por valor de 25.000 millones de dólares. La noticia no ha causado buenas vibraciones entre los inversores, que no ven con buenos ojos la posible inyección de capital y penalizan las acciones de BoA con recortes próximos al 20%.

Adiós, Jobs
En el mercado tecnológico también hay novedades alarmantes. Los problemas de salud que padece Steve Jobs, consejero delegado del todopoderoso Apple, le han obligado a abandonar temporalmente el cargo que ocupa en esta compañía, circunstancia que ha generado cierto nerviosismo entre los accionistas del grupo. Ayer Jobs anunciaba que deja temporalmente el mando de la compañía por una baja laboral que se prolongará hasta finales de junio. Tom Cook, hasta ahora jefe de operaciones de Apple, será el encargado de gobernar el timón de la compañía de la manzana hasta que Jobs pueda reincorporarse de nuevo a sus funciones. Las acciones de Apple caen un 5,6%.

En materia macroeconómica hoy los mercados han conocido el dato de peticiones semanales de subsidio por desempleo, que se ha saldado con un repunte por encima de lo esperado. En la semana que finalizó el 10 de enero el número de estadounidense que solicitó el paro semanal por primera vez subió en 54.000 personas, hasta situarse en 524.000 solicitudes. Los inversores esperaban que la cifra fuera de 500.000.

09:30 a.m.
Fuente: Bloomberg

Fuente: Bolsa Manía

*Wall Street abre plano, con signo mixto

Apertura plana y con signo mixto en la Bolsa estadounidense (Dow Jones: -0,03%; S&P 500: -0,18%; Nasdaq: +0,09%). Esto después de haber conocido unos resultados trimestrales de JPMorgan menos débiles de lo esperado y la publicación de una batería de indicadores macroeconómicos los cuales, en su conjunto, han salido tan sólo ligeramente peores de lo esperado.

A modo de telón de fondo, a primera vista el BCE ha recortado el precio del dinero en 50 puntos básicos, como se esperaba, aunque nos encontramos ahora pendientes del discurso de su Gobernador, J.C.Trichet. Habrá que vigilar que el mercado no se vea decepcionado.

A tener en cuenta, aún estamos pendientes a la publicación de los resultados de Intel Corp. y Genentech, para esta noche, después del cierre.

Así las cosas, y los resultados de JPMorgan aparte, las principales referencias están ligadas a Bank of America y Apple. Según informa Bloomberg, Bank of America podría necesitar de nuevos apoyos del Gobierno federal. Por su parte, los títulos de Apple han llegado a caer en casi un -8% al saberse que la salud de su flamante Director General, Steve Jobs, es bastante más débil de lo que se pensaba.

También de gran interés, la entrevista hoy al Director General de JPMorgan, en el Financial Times, en el que señala algo así como que lo peor aún no ha pasado.

Aún estamos a la espera de la publicación del índice de la Fed de Filadelfia a las 16:00 hora española, así como a las comparecencias de los Presidentes de la Reserva Federal de Atlanta y Chicago (a las 19:40 horas) así como de la del Presidente de San Francisco, a las 20:30 hora española.

Fuente: Terra

*Wall Street abre con caídas por BofA y Apple, eclipsan JPMorgan
Wall Street abrió el jueves con descensos, presionado por los temores de los inversores después de conocerse que Bank of America ha solicitado más ayuda gubernamental, eclipsando los resultados trimestrales de JPMorgan.

Las acciones de Bank of America se desplomaban más de un 15% a 8,67 dólares, mientras que los títulos de JPMorgan subían un 3,2% a 26,75 dólares.

Por su parte, las acciones de Apple Inc <AAPL.O> caían en el índice Nasdaq después de que la compañía anunciara que su presidente ejecutivo, Steve Jobs, se retira temporalmente de su cargo por motivos de salud.

A las 1450 GMT, el promedio industrial Dow Jones <.DJI> caía un 1,04% a 8.110,53 unidades, mientras que el más amplio Standard & Poor's 500 <.SPX> se depreciaba un 1,21% a 832,04 puntos.

Por su parte, el selectivo tecnológico Nasdaq Composite <.IXIC> bajaba un 0,98% a 1.474,29 unidades.

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