Stocks on the move [HOT-RTRS] Real-time Equity news [U E] [RESF/US] U.S.
stock market report [.N]
0952 ET 24April2009-Arch Coal falls after results, but index rallies
------------------------------------------------------------------------------
Shares of Arch Coal Inc fell on Friday, after the coal company
reported first-quarter earnings that missed expectations and gave a full-year
outlook that was below consensus.
The company cited weak coal demand and higher costs in its results.
For details, see [nN24343634]
The stock tumbled 5.6 percent to $14.07 while the Dow Jones U.S. Coal Index
<.DJUSCL> was up 2.2 percent to 173.08. Arch Coal was the only component of
that index in negative territory.
Among the other components, International Coal Group Inc rose 6.4
percent to $2, Massey Energy Co gained 5.2 percent to $13.55 and Consol
Energy Inc rose 4.4 percent to $30.47.
On Thursday, Consol reported reported first-quarter profits that more than
doubled from the prior year and said it would trim output because of soft
demand from steel makers and power generators. [nN23170572]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0946 ET 24April2009-Auto index advances after Ford results
------------------------------------------------------------------------------
The Dow Jones U.S. Automobile Index <.DJUSAU> surged on Friday, advancing
14 percent to 66.80 after Ford Motor Co reported a first-quarter loss
that was narrower than expected. Ford also said that it was on track to at
least break even in 2011 and that it didn't expect to seek U.S. government
loans.
For details, see [nN24400235]
Shares of Ford soared 19 percent to $5.34 while General Motors Corp ,
a Dow component, was up 4.3 percent to $1.69.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0934 ET 24April2009-Netflix shares tumble after results
------------------------------------------------------------------------------
Shares of Netflix Inc fell on Friday, after the online movie
renter reported its first-quarter results and gave a guidance that disappointed
some analysts.
The company cited growing competition from DVD rental kiosks for the
outlook.
For details, see [nN23332174]
The stock slid 5.1 percent to $43.01 while Blockbuster Inc was up
1.5 percent to 70 cents.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0920 ET 24April2009-Markets open higher, lifted by Ford results
------------------------------------------------------------------------------
Major U.S. indexes opened higher on Friday after Ford Motor Co
reported a quarterly loss that was narrower than expected. American Express
also reported results that cheered investors.
The Dow Jones industrial average <.DJI> rose 0.5 percent to 7,992.50 while
the S&P 500 <.SPX> gained 0.3 percent to 855.51 and the Nasdaq <.IXIC> was up
0.8 percent to 1,665.68.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0914 ET 24April2009-Morgan Stanley upgrades Microsoft to overweight
------------------------------------------------------------------------------
Morgan Stanley on Friday upgraded Microsoft Corp to overweight,
saying that "while the next two quarters may be choppy for Microsoft, we
believe expectations are finally getting low enough, and we can now see a
margin and accelerating growth story into 2010 off a weak 2009."
The firm wrote that Microsoft's recently quarterly results weren't "pretty,
but it was the first quarter our numbers haven't gone down in a year, which is
constructive."
Morgan Stanley added that the third quarter "should represent the nadir for
revenue. Additionally, the company is ahead of plan on cost controls, which
represents a key inflection- and one we sense from management that should
continue into 2010."
Shares of the software giant, a Dow component, rose 4.7 percent to $19.80
in premarket trade on Friday.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
Keywords: MARKETS STOCKSNEWS
(C) Reuters 2009. All rights reserved. Republication or redistribution of
Reuters content, including by caching, framing or similar means, is expressly
prohibited without the prior written consent of Reuters. Reuters and the Reuters
sphere logo are registered trademarks and trademarks of the Reuters group of
companies around the world.
nN24415531
STXNEWS/US
