Monday, June 06, 2005

Stock Markets Afternoon News 6/6/2005

Stocks rise slightly, oil prices retreat

Reuters - Stocks rose slightly on Monday as a wave of mergers boosted investor sentiment and oil prices retreated from six-week highs.

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Lack of News Leaves Stocks Meandering

AP - Stocks drifted modestly higher in lackluster trading Monday as a dearth of economic news left investors unmotivated in spite of a flurry of multibillion-dollar merger deals.

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Stock markets drift;TSX energy sector slips as oil comes off $56 US

Canadian Press - TORONTO (CP) - The Toronto stock market was in the red Monday afternoon, led by losses in the technology sector.

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Dollar slips on wave of profit-taking

Reuters - The dollar slipped on Monday as traders took advantage of a quiet day to cash in some of the strong gains struck last week, when the currency rose to an eight-month high against the euro.

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Dollar weaker after recent gains

Reuters - The dollar edged lower on Monday as traders took advantage of a quiet day by cashing in on some of last week's strong gains.

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Stocks seen higher on merger news; oil up

Reuters - U.S. stock futures pointed to a slightly higher open on Monday with merger activity grabbing headlines, while oil prices reached a six-week peak above $55 a barrel.

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Friday's Wall Street Glance

AP - Dow Jones Industrials

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Stocks end lower, job growth slows in May

Reuters - U.S. stocks dropped on Friday afternoon as sharply weaker-than-expected May job growth sparked investor worry about the economy, and a 4.5 percent slump in Apple Computer Inc. hit technology shares.

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Stocks fall on jobs and services data

Reuters - U.S. stocks fell on Friday after data on payrolls and the services sector for May came in below expectations, raising worries about the economy, and oil prices climbed above $54 a barrel.

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Dollar initially falls after jobs report

Reuters - The dollar initially fell on Friday, after the influential U.S. jobs report showed the labor market was weaker-than-expected last month.

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