Wednesday, June 29, 2005

Stock Markets Morning News 6/29/2005

Stocks flat after GDP, before Fed

Reuters - U.S. stocks opened little changed on Wednesday after an upward revision of U.S. gross domestic product growth as investors awaited news from the Fed to shed further light on the state of the economy.

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Stocks Dip Ahead of Oil Inventories Data

AP - Stocks dipped lower Wednesday as investors anticipated a decline in U.S. oil inventories and a subsequent return to record high crude prices.

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Stock market indicators mixed, oil price eases ahead of Fed interest rate talk

Canadian Press - TORONTO (CP) - Global indicators were mixed for North American stock markets early Wednesday as oil prices eased and the U.S. Federal Reserve prepared to discuss raising interest rates.

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Tuesday'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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