Stocks rally on tech, retail, airlines
Reuters - U.S. stocks closed higher on Thursday, with rallies in the tech, retail and airline sectors offsetting a report about higher labor costs that sparked concerns about inflation and further interest-rate hikes.
Stocks Close Higher Despite Tepid Data
AP - Wall Street meandered to a modest gain Thursday as investors, faced with a muddled view of the economy, held off on any large bets before the government's upcoming jobs report. Merger activity gave technology stocks a slightly stronger lift.
Euro edges up as dollar caps
Reuters - The euro was given another reprieve on Friday after heavy selling this week, while the dollar was seen capped ahead of jobs data that should help to determine the extent of future U.S. interest rate tightening.
Nikkei inches up by midday
Reuters - Japan's Nikkei average edged up a meager 0.05 percent by midday on Friday as firmness in tech shares and shippers was offset by profit-taking on recent gainers such as Toyota Motor Corp. and Softbank Corp.
Thursday's Wall Street Glance
AP - Dow Jones Industrials
TSX down 27 1/2 points, Dow up 3.62 as traders await U.S. employment data
Canadian Press - TORONTO (CP) - The Toronto stock market put in a lower finish Thursday as falling oil prices helped erase earlier gains.
'Network Storm' Caused NYSE Shutdown
AP - The New York Stock Exchange halted trading four minutes before the closing bell Wednesday because of an error message that circulated millions of times throughout the exchange's communication system, NYSE Chief Executive John Thain said Thursday.
NYSE glitch fixed, sparks frustration
Reuters - A communications outage at the New York Stock Exchange in the critical final minutes of trading on Wednesday and the exchange's refusal to immediately detail what went wrong frustrated customers and exposed frailties of its electronic systems.
US stocks open lower on inflation fears
Reuters - U.S. stocks opened lower on Thursday, after a government report showing an increase in labor costs in the first quarter fanned investors' inflationary fears. The market was also focused on retailers' reports for May sales.
Before the Bell -Elan and Biogen fall
Reuters - American Depositary Receipts of Irish drugmaker Elan Corp. fell 22.8 percent before the opening bell on Thursday following a report that a fourth patient taking its multiple sclerosis drug Tysabri may have contracted a deadly brain disease.
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