U.S. stocks hit by high oil
Reuters - U.S. stocks fell on Friday as oil prices stayed firm around $60 a barrel, hurting heavy-equipment maker Caterpillar Inc. and retailer Wal-Mart Stores Inc. and pushing the Dow to its lowest level in nearly six-weeks.
Most North American indexes negative, show impact of surging crude oil prices
Canadian Press - TORONTO (CP) - Rising crude oil prices continued to batter North American indexes Friday afternoon, with Toronto's main market managing only minor gains even as Canada's inflation rate in May actually declined with lower gasoline prices in that month.
Stocks Drop Sharply on Oil Price Jitters
AP - Stocks fell sharply for a second straight session Friday as investors, unable to shake their jitters over high oil prices, ignored mostly upbeat government data showing strong sales last month of durable goods and new homes. The major indexes were headed for sharp losses for the week as well.
Dollar slips to lows on May durable goods
Reuters - The dollar initially slipped to session lows against the euro on Friday, after a report showed demand for U.S. big ticket items slipped in some categories in May.
Euro dips briefly below $1.20
Reuters - The euro fell briefly below $1.20 for the first time in 10 months on Friday, but recovered some ground as investors waited to see what, if anything, ECB Bank President Jean-Claude Trichet would say on interest rates in a speech later in the session.
Wall Street Glance
AP - Dow Jones Industrials
Two More Seat Holders Sue NYSE Over Merger
AP - Two more New York Stock Exchange seat holders filed suit against the Big Board Thursday, seeking the release of documents and records of the exchange's merger agreement with all-electronic rival Archipelago Holdings Inc.
US blue-chip stocks end lower
Reuters - U.S. blue-chip stocks ended lower on Wednesday, as weakness in Ford Motor Co. shares spread to its Detroit rival and Dow component General Motors Corp., while tech stocks drew support from a higher outlook from Jabil Circuit Inc.
Stocks seen touch higher on techs
Reuters - Technology stocks could drive U.S. stocks higher early on Wednesday but a fresh earnings warning from Ford and another expected drop in U.S. oil inventories should keep market gains limited.
Tenacious Markets to Be Put to the Test
AP - The stock market has proven to be downright scrappy, with investors still bidding stocks higher last week as crude oil prices topped $58 per barrel and the nation's economic picture remained muddled.
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