Stocks fall on concern over oil prices
Reuters - Stocks declined on Friday as oil held close to a record high, raising concern that higher energy costs will eat into corporate profits.
Stocks Head Lower As Oil Prices Stay High
AP - Stocks wobbled lower Friday as investors, unable to shake their jitters over high oil prices, shrugged off mostly upbeat government data showing strong sales last month of durable goods and new homes.
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.
Global stock market signals negative, show impact of surging crude oil prices
Canadian Press - TORONTO (CP) - Hurt by rising crude oil prices, global indicators were mostly negative for North American stock markets early Friday - even as Canada's inflation rate in May declined with lower gasoline prices.
Euro dips briefly below $1.20
Reuters - The euro fell briefly below $1.20 for the first time in 10 months on Friday, but recovered some ground as investors waited to see what, if anything, ECB Bank President Jean-Claude Trichet would say on interest rates in a speech later in the session.
Wall Street Glance
AP - Dow Jones Industrials
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.
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.
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.
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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