Monday, June 06, 2005

Stock Markets Morning News 6/6/2005

Stocks flat; oil spike offsets mergers

Reuters - U.S. stocks opened little changed on Monday as a slew of merger activity failed to impress investors concerned about oil prices, which hit a six-week peak above $55 a barrel.

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Stocks register minor gains as price of crude oil tops $55 US a barrel

Canadian Press - TORONTO (CP) - The Toronto stock market lost a slight early gain Monday even as oil prices continued to lift the energy sector.

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Stocks Meander on Mergers, Oil Prices

AP - Wall Street meandered in search of a direction Monday as worries about rising crude oil prices overshadowed a flurry of multibillion-dollar merger deals.

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Dollar dips after jobs disappointment

Reuters - The dollar fell against the euro and the yen on Monday in the wake of last week's gloomy U.S. jobs data, but the euro remained vulnerable to concerns about the political and economic future of the European Union.

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Stocks seen higher on merger news; oil up

Reuters - U.S. stock futures pointed to a slightly higher open on Monday with merger activity grabbing headlines, while oil prices reached a six-week peak above $55 a barrel.

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Friday's Wall Street Glance

AP - Dow Jones Industrials

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Stocks end lower, job growth slows in May

Reuters - U.S. stocks dropped on Friday afternoon as sharply weaker-than-expected May job growth sparked investor worry about the economy, and a 4.5 percent slump in Apple Computer Inc. hit technology shares.

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Stocks fall on jobs and services data

Reuters - U.S. stocks fell on Friday after data on payrolls and the services sector for May came in below expectations, raising worries about the economy, and oil prices climbed above $54 a barrel.

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Dollar initially falls after jobs report

Reuters - The dollar initially fell on Friday, after the influential U.S. jobs report showed the labor market was weaker-than-expected last month.

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Wall St seen down, jobs report awaited

Reuters - Wall Street stocks were expected to open slightly weaker on Friday with investors focused on the 1230 GMT release of May U.S. payroll report, seen as a gauge of the health of the U.S. economy.

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