January 21, 2011 by staff
GE STOCK, General Electric Company (NYSE: GE), General Electric Company and opened at 19.33 5.10% change. The stock is trading within and 19.25 and 19.33, with an average volume of 52.85 million shares. The dividend yield for the quarter remained 3.71%, which for a year is 20.41%.
General Electric Company (GE) operates as a technology, media and financial services company worldwide.
U.S. stock futures pointed to a higher opening Friday after strong results from GE and Google, despite disappointing results from Bank of America Corp. corporate profits will be the main focus of attention on Friday. Google reported earnings beat Wall Street expectations and said co-founder Larry Page will become Group Chief Executive in April.
In Europe, stronger and bank shares led the oil indexes rebound on Friday from losses in the previous session on concerns about further monetary tightening by China.
Before the bell end-opening inventory of the United States were trading up with Standard and Poor’s 500 gained 5.70 points or 0.45 per futures percent to 1,281.90. Nasdaq 100 futures rose to 2,292.50, up 11 points, or 0.48 percent. Dow Jones Industrial Average term also increased by 29 points, or 0.25 percent to 11,803.
European indices were trading up Friday with the France CAC 40 gained 63.80 points, or 1.61 percent to 4,028.64 and Germany’s DAX rose 1.08 percent to 7,100.09. UK FTSE 100 Index gained 45.59 points, or 0.78 percent to 5,913.50.
Asian markets closed lower Friday, with Hong Kong Hang Seng to move to 23,876.86, down 126.84 points or 0.53 per cent. Singapore Straits Times declined 20.88 points or 0.65 percent to close at 3,184.60. China Shanghai Composite Index rose 38.29 points or 1.43 per cent to 2715.95. Nikkie Japan 225 closed 162.79 points or 1.56 per cent to 10,274.52. India’s BSE 30 was also down 39.01 points, or 0.20 percent to close at 19,007.53.
In the foreign exchange market, the U.S. dollar lost strength against major world currencies. Euro traded by 0.54 percent to 1.3536 and the dollar fell 0.33 percent to 82.7150-yen JPY cons. British Pound rose against the U.S. dollar by 0.31 per cent to $ 1.5951 Friday.
Crude oil was up 0.58 points or 0.65 percent to 90.17, while gold was from 1346.50 to 23.70 points, or 1.73 percent.
On Thursday, Wall Street closed Dow Jones Industrial Average lost 0.02 percent or 2.49 points to 11,822.80, plus closing Wednesday. NASDAQ closed at 2704.29 points to 0.77 percent or 21.07 points. S & P 500 finished down 1.66 points or 0.13 per cent and stood at 1,280.26.
General Electric Company (NYSE: GE: 19575, 1195) reported its fourth-quarter earnings of 4.5 billion, or & and 0.42 per share, compared to 3 billion, or EUR 0.28 per share and, a year ago. The stock was trading up 3.04 per cent to 18.99 and pre-market trading on Friday.
Bank of America Corp. (NYSE: BAC: 14,375 -0135) reported a fourth-quarter loss of 1.2 billion, including a charge for impairment and $ 2 billion. The stock was down 1.38 per cent to $ 14.34 and the pre-market trading.
Google Inc. (NASDAQ: GOOG: 628.58, -13.43), after closing bell Thursday presented its results for the fourth quarter and net income amounted to 2.54 billion, or $ 7.81 a share, from and 1.97 billion, or $ 6.13 a share, in the same period a year earlier. The search giant on the Internet said net income amounted to 6.37 billion. The stock is up 2.29 percent to 641.15 and the pre-session trading on Friday.
Schlumberger Limited (NYSE: SLB: 84.02, -1.27) reported its fourth quarter earnings of 1.04 billion, or to 0.76 euro per share, up 31 percent and 795 from million, or 0.65 per share & and got the same quarter last year. Earnings also beatanlysts’ estimates. The stock is UP 2.49 per cent to 87.40 and pre-market trading.
Hewlett-Packard Co. (NYSE: HPQ: 47.18, 0.3999) Thursday evening announced several changes to its board of directors, including the appointment of Meg Whitman, former CEO of eBay Inc. The stock is trading up slightly from 0.09 percent to $ 46.82 in pre-market trading Friday.
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