Thursday, June 23, 2005

Stock Markets Morning News 6/23/2005

Stocks open lower after profit warnings

Reuters - U.S. stocks opened lower on Thursday after a series of earnings warnings from companies including FedEx Corp. and Rite Aid Corp. .

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Stocks Are Mixed on Rising Oil Prices

AP - Wall Street was again mired in indecision Thursday as oil prices rose modestly and the government released upbeat news on the labor market.

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Global indicators mixed as crude oil prices move higher

Canadian Press - TORONTO (CP) - Global indicators were mixed for North American stock markets early Thursday as oil prices rose and the main Toronto index sat at a 4 1/2-year high above 10,000 points.

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Euro slips again, rate cut talk persists

Reuters - The euro slipped toward last week's nine-month low against the dollar on Thursday as expectations grew European interest rates would move further below those in the United States.

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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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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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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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U.S. shares trim gains as oil spurts

Reuters - U.S. stocks were little changed on Monday, trimming earlier gains as oil spurted above $55 a barrel, raising concerns about corporate earnings and reduced consumer spending.

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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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