| Stocks Choppy After Data | |
| | |
|
U.S. Market Stocks were choppy this morning after mixed economic data. The U.S. private sector added 182,000 jobs in October according to the ADP report released this morning. That was slightly above the 180,000 jobs expected by economists but below the 190,000 jobs added in September. The data comes ahead of Friday’s official payroll and unemployment rate report.
The trade deficit shrank 15% in September from the previous month. Exports were up 1.6% in the month, but are still off 3.8% year-to-date. Imports were down 1.8%, mostly due to lower oil prices.
The ISM nonmanufacturing index, which measures the strength of the services sector, rose to 59.1 in October from 56.9 in September. Economists had expected the measure to drop to 56.8.
At midday the Dow and Nasdaq were each down 0.2% while the S&P 500 was down 0.3%. Stocks on the Move Tesla Motors (TSLA) reported third-quarter results that missed consensus but management mostly kept to its full-year 2015 delivery guidance as well as 2016 production and delivery guidance for the Model S and Model X combined of 1,600 to 1,800 vehicles per week. This rate could be achieved as soon as first-quarter 2016. Share rose 10% on the report. Shares of Chesapeake Energy (CHK) were down over 5% this morning after the firm reported quarterly results. Overall, the firm reported a loss of $7.08 a share in the quarter versus a profit of 26 cents in the year-ago quarter. The firm lost only 5 cents a share excluding a hefty a $4.51 billion impairment charge and other one-time items. Revenue was down 49% year-over-year. Management also said it plans major cuts to its capital spending budget in 2016. Foreign Markets European markets were mixed today. The FTSE 100 was up 0.5%, the Paris CAC gained 0.3% while Germany’s DAX was down 1%. Asian shares were higher. The Shanghai Composite jumped 4.3%, the Hang Seng gained 2.2% and the Nikkei 225 was up 1.3%.
|
|
|
Chesapeake Energy Corporation
|
|
DEVELOPMENT STAGE |
CODE : CHK |
ISIN : US1651671075 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Chesapeake Energy is a producing company based in United states of america. Chesapeake Energy develops natural gas and oil in USA. Its main asset in development is DEEP BOSSIER in USA. Chesapeake Energy is listed in Germany and in United States of America. Its market capitalisation is US$ 74.1 billions as of today (€ 66.5 billions). Its stock quote reached its lowest recent point on March 13, 2020 at US$ 0.12, and its highest recent level on November 18, 2022 at US$ 99.94. Chesapeake Energy has 909 242 558 shares outstanding. |