Stocks gain on GM cuts, Fed comments
Reuters - U.S. stocks were higher in early morning trading on Tuesday, as investors keyed to comments by Federal Reserve Chairman Alan Greenspan that the growing gap between long-term and short-term interest rates did not necessarily indicate an economic slowdown is coming.
Greenspan's Economy Comments Lift Stocks
AP - Investors encouraged by a bullish outlook from Federal Reserve Chairman Alan Greenspan sent stocks higher Tuesday, relieved by his continued belief that the economy would not slip into a recession.
Stocks up as Greenspan, GM, TI help
Reuters - U.S. stocks opened higher on Tuesday following Federal Reserve Chairman Alan Greenspan's comments on long-term interest rates and a rise in shares of carmaker General Motors Corp. after it announced cost-cutting measures.
Stock markets ahead on lower oil, GM plan to slash 25,000 jobs, shutter plants
Canadian Press - TORONTO (CP) - North American stock markets were off to a positive start Tuesday morning as the price of crude continued to back off last week's six per cent runup while General Motors Corp. outlined plans to deal with falling profits and market share.
Euro falls to 11-mth low versus yen
Reuters - The euro hit an 11-month low against the yen on Tuesday, hurt by a bleak economic outlook for the euro zone and remarks by the European Central Bank chief which the market saw as a hint of interest rate cuts.
Monday's Wall Street Glance
AP - Dow Jones Industrials
Archipelago LLC shares jump; New York Stock Exchange seat price rises
Canadian Press - NEW YORK (AP) - Shares of Archipelago LLC, which is planning a merger with the New York Stock Exchange, rose steadily to an all-time high Monday, while the price of an NYSE seat climbed by $70,000 US.
Status Report on Major Stock Indexes
AP - Wall Street made a modest advance Monday as uncertainty about the economy muted the impact of a flurry of multibillion-dollar merger deals.
Dollar weaker after recent gains
Reuters - The dollar edged lower on Monday as traders took advantage of a quiet day by cashing in on some of last week's strong gains.
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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