Tuesday, June 28, 2005

Stock Markets Morning News 6/28/2005

Stocks aim higher as oil eases off peak

Reuters - U.S. stock futures indicated a higher market open on Tuesday, with equities poised to regain some of the ground they lost over the past few days as oil prices retreated from a record high. Investors are also expecting improved consumer confidence in June.

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Stocks Climb on Drop in Crude Oil Prices

AP - Investors welcomed a dip in crude oil prices Tuesday and sent stocks moderately higher, helping the markets rebound from last week's selloff. A sharp rise in consumer confidence index also encouraged buying.

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North American stock markets move higher as oil retreats from US$60

Canadian Press - TORONTO (CP) - Stock markets opened slightly higher as oil prices relaxed from Monday's record-high close and investors look for bargains after six days of losses for U.S. blue chips.

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Monday's Wall Street Glance

AP - Dow Jones Industrials

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Traders Prepare for Fed Comments on Rates

AP - Thursday's trading on Wall Street ought to come with a warning — not for the faint of heart.

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China's talk on yuan pushes yen lower

Reuters - The yen slipped against the euro and inched closer to an eight-month low against the dollar on Monday after China insisted that it would not be bullied into revaluing its currency.

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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.

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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.

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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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