Dominion Lending Centres Clearlease Reports stocks remain mostly lower in mid-morning trading on Thursday

Dominion Lending Centres Clearlease Reports stocks remain mostly lower in mid-morning trading on Thursday

VANCOUVER, BC – (May 5, 2011) Clearlease Reports After showing a notable move to the downside at the open, stocks remain mostly lower in mid-morning trading on Thursday. The markets have reacted negatively to some disappointing jobs data, although selling pressure has waned from earlier in the session.

While the Nasdaq has bounced off its lows and briefly turned positive, the Dow and the S&P 500 are firmly in the red. The Dow is down 78.18 points or 0.6 percent at 12,645.40 and the S&P 500 is down 7.14 points or 0.5 percent at 1,340.18, while the Nasdaq is down 5.62 points or 0.2 percent at 2,822.61

The steep drop seen at the start of trading came following the release of a report from the Labor Department showing that initial jobless claims unexpectedly jumped to an eight-month high in the week ended April 30th.

The report showed that initial jobless claims rose by 43,000 to 474,000 from the previous week’s revised figure of 431,000. The increase surprised economists, who had expected jobless claims to fall to 410,000 from the 429,000 originally reported for the previous week.

While Labor Department officials cited unusual factors that contributed to the unexpected increase in claims, the data has still added to recent concerns about the monthly jobs report due to be released on Friday. The closely watched report is expected to show the addition of 185,000 jobs in April.

Traders largely shrugged off the release of a separate Labor Department report showing a bigger than expected increase in labor productivity in the first quarter. The report also showed that labor costs rose by more than anticipated.

On the earnings front, auto giant General Motors (GM) is down by 2.5 percent despite reporting first quarter net income that surged up to $3.2 billion or $1.77 per share from $865 million or $0.55 per share in the year-ago quarter. The profit growth came as revenues increased by 15 percent to $36.2 billion.

Excluding items, GM reported earnings for the quarter of $0.95 per share compared to analyst estimates for earnings of $0.91 per share. The company also said that it expects its full year 2011 adjusted earnings to show “solid improvement” compared to 2010.

Meanwhile, shares of Cigna (CI) are up by 2.6 percent after the insurer reported first quarter adjusted earnings of $1.37 per share on revenues of $5.41 billion, while analysts expected earnings of $1.09 per share on $5.45 billion in revenue.

The company also forecast full year adjusted earnings of $4.65 to $5 per share compared to estimates for $4.73 per share.

Sector News

With the price of crude oil falling sharply on the day, considerable weakness is visible among oil producer stocks. The NYSE Arca Oil Index is currently down by 1.4 percent, pulling back further off last Friday’s nearly three-year closing high.

The weakness in the sector comes as crude for June delivery has fallen $4.13 to $105.11 a barrel, extending the recent downward move since reaching a two and a half year high last Friday.

Gold stocks have also come under pressure on the day, moving lower along with the price of the precious metal. With gold for June delivery falling by $9.30 to $1,506 an ounce, the NYSE Arca Gold Bugs Index is currently down by 1.9 percent.

While weakness is also visible among financial and pharmaceutical stocks, the steep drop by the price of crude oil has contributed to significant strength in the oil-sensitive airline sector. After reaching a nearly two-month intraday high in earlier trading, the NYSE Arca Airline Index is currently up by 1.4 percent.

Trucking and networking stocks are also seeing notable strength on the day, with the Dow Jones Trucking Index and the NYSE Arca Networking Index advancing by 1.3 percent and 1 percent, respectively.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports stocks remain mostly lower in mid-morning trading on Thursday

VANCOUVER, BC – (May 5, 2011) Clearlease Reports After showing a notable move to the downside at the open, stocks remain mostly lower in mid-morning trading on Thursday. The markets have reacted negatively to some disappointing jobs data, although selling pressure has waned from earlier in the session.

While the Nasdaq has bounced off its lows and briefly turned positive, the Dow and the S&P 500 are firmly in the red. The Dow is down 78.18 points or 0.6 percent at 12,645.40 and the S&P 500 is down 7.14 points or 0.5 percent at 1,340.18, while the Nasdaq is down 5.62 points or 0.2 percent at 2,822.61

The steep drop seen at the start of trading came following the release of a report from the Labor Department showing that initial jobless claims unexpectedly jumped to an eight-month high in the week ended April 30th.

The report showed that initial jobless claims rose by 43,000 to 474,000 from the previous week’s revised figure of 431,000. The increase surprised economists, who had expected jobless claims to fall to 410,000 from the 429,000 originally reported for the previous week.

While Labor Department officials cited unusual factors that contributed to the unexpected increase in claims, the data has still added to recent concerns about the monthly jobs report due to be released on Friday. The closely watched report is expected to show the addition of 185,000 jobs in April.

Traders largely shrugged off the release of a separate Labor Department report showing a bigger than expected increase in labor productivity in the first quarter. The report also showed that labor costs rose by more than anticipated.

On the earnings front, auto giant General Motors (GM) is down by 2.5 percent despite reporting first quarter net income that surged up to $3.2 billion or $1.77 per share from $865 million or $0.55 per share in the year-ago quarter. The profit growth came as revenues increased by 15 percent to $36.2 billion.

Excluding items, GM reported earnings for the quarter of $0.95 per share compared to analyst estimates for earnings of $0.91 per share. The company also said that it expects its full year 2011 adjusted earnings to show “solid improvement” compared to 2010.

Meanwhile, shares of Cigna (CI) are up by 2.6 percent after the insurer reported first quarter adjusted earnings of $1.37 per share on revenues of $5.41 billion, while analysts expected earnings of $1.09 per share on $5.45 billion in revenue.

The company also forecast full year adjusted earnings of $4.65 to $5 per share compared to estimates for $4.73 per share.

Sector News

With the price of crude oil falling sharply on the day, considerable weakness is visible among oil producer stocks. The NYSE Arca Oil Index is currently down by 1.4 percent, pulling back further off last Friday’s nearly three-year closing high.

The weakness in the sector comes as crude for June delivery has fallen $4.13 to $105.11 a barrel, extending the recent downward move since reaching a two and a half year high last Friday.

Gold stocks have also come under pressure on the day, moving lower along with the price of the precious metal. With gold for June delivery falling by $9.30 to $1,506 an ounce, the NYSE Arca Gold Bugs Index is currently down by 1.9 percent.

While weakness is also visible among financial and pharmaceutical stocks, the steep drop by the price of crude oil has contributed to significant strength in the oil-sensitive airline sector. After reaching a nearly two-month intraday high in earlier trading, the NYSE Arca Airline Index is currently up by 1.4 percent.

Trucking and networking stocks are also seeing notable strength on the day, with the Dow Jones Trucking Index and the NYSE Arca Networking Index advancing by 1.3 percent and 1 percent, respectively.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports stocks remain mostly lower in mid-morning trading on Thursday

VANCOUVER, BC – (May 5, 2011) Clearlease Reports After showing a notable move to the downside at the open, stocks remain mostly lower in mid-morning trading on Thursday. The markets have reacted negatively to some disappointing jobs data, although selling pressure has waned from earlier in the session.

While the Nasdaq has bounced off its lows and briefly turned positive, the Dow and the S&P 500 are firmly in the red. The Dow is down 78.18 points or 0.6 percent at 12,645.40 and the S&P 500 is down 7.14 points or 0.5 percent at 1,340.18, while the Nasdaq is down 5.62 points or 0.2 percent at 2,822.61

The steep drop seen at the start of trading came following the release of a report from the Labor Department showing that initial jobless claims unexpectedly jumped to an eight-month high in the week ended April 30th.

The report showed that initial jobless claims rose by 43,000 to 474,000 from the previous week’s revised figure of 431,000. The increase surprised economists, who had expected jobless claims to fall to 410,000 from the 429,000 originally reported for the previous week.

While Labor Department officials cited unusual factors that contributed to the unexpected increase in claims, the data has still added to recent concerns about the monthly jobs report due to be released on Friday. The closely watched report is expected to show the addition of 185,000 jobs in April.

Traders largely shrugged off the release of a separate Labor Department report showing a bigger than expected increase in labor productivity in the first quarter. The report also showed that labor costs rose by more than anticipated.

On the earnings front, auto giant General Motors (GM) is down by 2.5 percent despite reporting first quarter net income that surged up to $3.2 billion or $1.77 per share from $865 million or $0.55 per share in the year-ago quarter. The profit growth came as revenues increased by 15 percent to $36.2 billion.

Excluding items, GM reported earnings for the quarter of $0.95 per share compared to analyst estimates for earnings of $0.91 per share. The company also said that it expects its full year 2011 adjusted earnings to show “solid improvement” compared to 2010.

Meanwhile, shares of Cigna (CI) are up by 2.6 percent after the insurer reported first quarter adjusted earnings of $1.37 per share on revenues of $5.41 billion, while analysts expected earnings of $1.09 per share on $5.45 billion in revenue.

The company also forecast full year adjusted earnings of $4.65 to $5 per share compared to estimates for $4.73 per share.

Sector News

With the price of crude oil falling sharply on the day, considerable weakness is visible among oil producer stocks. The NYSE Arca Oil Index is currently down by 1.4 percent, pulling back further off last Friday’s nearly three-year closing high.

The weakness in the sector comes as crude for June delivery has fallen $4.13 to $105.11 a barrel, extending the recent downward move since reaching a two and a half year high last Friday.

Gold stocks have also come under pressure on the day, moving lower along with the price of the precious metal. With gold for June delivery falling by $9.30 to $1,506 an ounce, the NYSE Arca Gold Bugs Index is currently down by 1.9 percent.

While weakness is also visible among financial and pharmaceutical stocks, the steep drop by the price of crude oil has contributed to significant strength in the oil-sensitive airline sector. After reaching a nearly two-month intraday high in earlier trading, the NYSE Arca Airline Index is currently up by 1.4 percent.

Trucking and networking stocks are also seeing notable strength on the day, with the Dow Jones Trucking Index and the NYSE Arca Networking Index advancing by 1.3 percent and 1 percent, respectively.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

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