Stock Report: February 11 - 15
Economic reports showed that confidence among US consumers has slumped to the lowest level in 16 years, with factory output failing to increase, pushing the economy closer to a recession
Economic reports showed that confidence among US consumers has slumped to the lowest level in 16 years, with factory output failing to increase, pushing the economy closer to a recession.
The Dow ended the week down 0.2 per cent to 12,348.21; The Nasdaq was down 0.5 per cent to 2,321.80, with the S&P 500 up 0.1 per cent to 1,349.99.
On Monday, Yahoo formally rejected Microsoft's takeover bid valued at USD 44.6 billion, or USD 31 per share, saying that the offer "substantially undervalues" Yahoo's assets.
The NPD Group revealed US sales data for January, with the Nintendo Wii remaining the best-selling console at 274,000 units sold. This was down significantly from last year, however, when Nintendo sold 436,000 during the same period.
Microsoft also said that its Xbox 360 was in short supply due to higher-than-expected holiday sales. The company sold 230,000 consoles in the US in January, fewer than the number of PlayStation 3 consoles - 269,000 - sold by Sony.
Meanwhile shares in Sega took a big hit following news in the week that it would be laying off 400 staff in the wake of a full year loss of JPY 26 billion.
Selected stock movements in the past week (at time of writing):
| Nintendo | 467.50 - 517.00 | +10.59% |
|---|---|---|
| EA | 44.57 - 48.72 | +9.31% |
| Sony | 42.99 - 44.78 | +4.16% |
| Midway | 2.02 - 2.08 | +2.97% |
| Activision | 26.69 - 26.99 | +1.12% |
| SCi | 53.75 - 53.75 | 0.0% |
| Microsoft | 28.56 - 28.42 | -0.49% |
| Ubisoft | 62.80 - 62.44 | -0.57% |
| Konami | 31.23 - 30.73 | -1.60% |
| Take-Two | 16.30 - 15.83 | -2.88% |
| THQ | 19.42 - 18.59 | -4.27% |
| Sega | 11.69 - 9.45 | -19.16% |
Please note that stock prices on differing markets may be influenced by separate local events, and shouldn't necessarily be compared like for like. This list is not a ranking of total market valuation; selected stocks only. Prices given in local exchange currency, except Tokyo stocks, which are converted into USD.