Thursday, June 09, 2005

Stock Markets Afternoon News 6/9/2005

Stocks up slightly, but oil limits gains

Reuters - U.S. stocks rose on Thursday, helped by optimism ahead of Intel Corp.'s business update and comments on the economy from Federal Reserve Chairman Alan Greenspan, but a spike in oil limited gains.

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Stocks Rebound on Greenspan Testimony

AP - Stocks rebounded Thursday as bullish congressional testimony from Alan Greenspan and anticipation for a strong midquarter update from Intel Corp. brightened Wall Street's mood and overshadowed a surge in oil prices.

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Dollar rallies after upbeat Greenspan

Reuters - The dollar strengthened in choppy trade on Thursday after Federal Reserve Chairman Alan Greenspan said the U.S. economy is on a firm footing and that interest rates can continue to be raised at a measured pace.

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Stocks drift lower as Greenspan signals that further rate hikes likely

Canadian Press - TORONTO (CP) - Stock markets were negative Thursday morning as investors failed to get a clearer indication of when the U.S. Federal Reserve may quit raising rates.

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Stocks set for low start before Greenspan

Reuters - U.S. stock futures signaled a lower market open on Thursday, with investors awaiting morning comments by Federal Reserve Chairman Alan Greenspan, which will be watched for any sign as to how long the central bank will continue its campaign of interest-rate hikes.

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Firm Counterbids Nasdaq on Instinet Unit

AP - The proposed merger between the Nasdaq Stock Market Inc. and the electronic trading arm of Instinet Group Inc. could be delayed after an investment advisory company made a separate, higher bid for Instinet's institutional brokerage division.

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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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Status Report on Major Stock Indexes

AP - Wall Street gave up early gains and fell for the second straight day Wednesday as a disappointing economic forecast from the White House overshadowed a drop in oil prices and good corporate news.

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Wall St set to open up, oil stocks eyed

Reuters - U.S. shares were expected to open firmer on Wednesday with Texas Instruments offering support following upbeat forecasts after the bell last session.

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Banks and oil push Toronto stocks higher

Reuters - Toronto stocks were firmly in positive territory at midmorning on Tuesday in a broadbased rally, led by stronger financial and energy stocks.

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