Wednesday, June 29, 2005

Stock Markets Afternoon News 6/29/2005

Blue chips fall as 3M, Exxon weigh

Reuters - U.S. blue chip stocks were lower on Wednesday, with shares of industrial companies such as 3M Co. slipping on doubts about economic growth despite an upward revision to first-quarter gross domestic product data.

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Dow, Nasdaq Off in Late Afternoon Trading

AP - Nervous investors sent stocks lower Wednesday as they anxiously awaited the Federal Reserve's decision on interest rates and looked past an increase in U.S. oil inventories and a solid advance in the gross domestic product.

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Stocks lower despite increase in U.S. oil supplies, solid advance in Q1 GDP

Canadian Press - TORONTO (CP) - Stock markets were lower Wednesday afternoon with investors disinclined to do much ahead of Thursday's announcement from the U.S. Federal Reserve on interest rates.

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Dollar at 8 mth high vs yen ahead of Fed

Reuters - The dollar touched a new 8-1/2 month high against the yen on Wednesday as expectations of a U.S. interest rate hike made the greenback more attractive to investors.

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Tuesday's Wall Street Glance

AP - Dow Jones Industrials

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Traders Prepare for Fed Comments on Rates

AP - Thursday's trading on Wall Street ought to come with a warning — not for the faint of heart.

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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.

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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.

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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.

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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.

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