Lower stocks led by Intel slip
Reuters - U.S. stocks were lower on Friday, led by falls in technology stocks after Intel Corp. , the world's largest chipmaker, raised its second-quarter outlook by less than some investors had hoped.
High Trade Deficit Sends Stocks Lower
AP - A sharp increase in the nation's trade deficit in April unnerved investors Friday and sent stocks lower despite a bullish sales forecast from Dow component Intel Corp. The major indexes were poised to end the week with a modest loss.
TSX higher on energy, NY slides on weak trade report despite Intel outlook
Canadian Press - TORONTO (CP) - Resource stocks gave the Toronto stock market a lift Friday afternoon but its key index was bogged down by a 9.5 per cent slide in Nortel Networks' shares.
Techs slip as Intel weighs; GM holds Dow
Reuters - U.S. technology shares were knocked lower on Friday, hurt by a drop in shares of Intel Corp. after the world's largest chipmaker raised its second-quarter outlook but not by as much as some investors had hoped.
Dollar rises after April U.S. trade data
Reuters - The dollar gained against the euro and yen on Friday, after a report showed a narrower-than-expected U.S. trade deficit in April and a revised improvement in the March shortfall.
Wall St seen higher after Intel forecasts
Reuters - Wall Street was expected to open higher after the world's largest chip maker Intel Corp raised its revenue and profit margin forecasts.
Dollar strong and steady after Greenspan
Reuters - The dollar held close to last week's nine-month high versus the euro on Friday, keeping gains made after Federal Reserve Chairman Alan Greenspan dismissed concerns that the U.S. economy was entering a serious slowdown.
Thursday's Wall Street Glance
AP - Dow Jones Industrials
Instinet Rejects Third Avenue's Counterbid
AP - Instinet Group Inc. rejected a better counterbid by an investment advisory group for the company's brokerage arm, instead choosing to go forward with its merger with The Nasdaq Stock Market Inc. as planned.
Status Report on Major Stock Indexes
AP - A positive take on the economy from Federal Reserve Chairman Alan Greenspan sent stocks higher Thursday and allowed investors to look past a sharp surge in crude oil prices.
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