Friday, June 10, 2005

Stock Markets Morning News 6/10/2005

Blue chips open higher after deficit data

Reuters - U.S. blue chips opened higher on Friday, following a Commerce Department report showing a narrower-than-expected April U.S. trade deficit.

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Rise in Trade Deficit Leaves Stock Mixed

AP - A sharp increase in the nation's trade deficit in April unnerved investors Friday, leaving stocks mixed.

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Stock mixed despite corporate, economic data; Nortel loses 2 top execs

Canadian Press - TORONTO (CP) - The Toronto stock market moved lower Friday morning as new employment and trade data beat expectations but the main index was weighed down by Nortel Networks after the resignations of two top executives.

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Stocks point higher after trade gap data

Reuters - U.S. stock futures indicated a higher market open on Friday, after the Commerce Department reported the U.S. April trade deficit was narrower than Wall Street had expected.

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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.

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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.

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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.

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Thursday's Wall Street Glance

AP - Dow Jones Industrials

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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.

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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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