Online Stock Trading and Stock Market Resouces: July 2005

Friday, July 29, 2005

Stock Markets Afternoon News 7/29/2005

Stocks dip on in-line GDP, $61-plus oil

Reuters - U.S. stocks fell on Friday after government data showed the economy grew no faster than expectations and crude oil rose above $61 a barrel, stirring fears of high energy costs.

Stock indexes 'stepping sideways a little bit' as oil and C$ rise

Canadian Press - TORONTO (CP) - Canada's benchmark stock index deepened its losses Friday afternoon, even as oil prices shot past $60 US per barrel and the Canadian dollar climbed on positive economic news.

Dow, Nasdaq Decline Despite GDP Growth

AP - Investors took profits and sent stocks lower Friday despite respectable growth in the nation's gross domestic product and a bullish consumer confidence report. The major indexes, however, were poised for their fifth straight positive week.

Nikkei hits 4-month closing high

Reuters - Japan's Nikkei average rose 0.35 percent to a four-month closing high on Friday as firm industrial output data fueled investor enthusiasm for strong earners such as Matsushita Electric Industrial Co.

Dollar steady before growth data

Reuters - The dollar held steady in a narrow band on Friday ahead of U.S. economic growth data that could strengthen the Federal Reserve's resolve to keep raising interest rates, which would buoy the U.S. currency.

Thursday's Wall Street Glance

AP - Dow Jones Industrials

European stocks higher on solid earnings

Reuters - European shares hit new 3-year highs on Thursday after a slew of strong corporate earnings including Telefonica and France Telecom.

NYSE Criticized Over Governance Policies

AP - When the New York Stock Exchange unveiled its landmark acquisition of Archipelago Holdings Inc., Big Board Chief Executive John Thain pledged that the merged company would be a "model for best practices in corporate governance."

A Status Report on Wall Street

AP - Investors sent stocks higher Wednesday after the Federal Reserve's assessment of the economy raised hopes that the Fed's interest rate hikes would soon end.

Stocks gain on Fed's report, earnings

Reuters - U.S. stocks rose on Wednesday, lifted by a report from the Federal Reserve showing business activity growing in almost all regions of the country and better-than-expected earnings from Boeing Co. and Amazon.com Inc.

Stock Markets Morning News 7/29/2005

Stocks flat after GDP is as expected

Reuters - U.S. stocks were little changed on Friday after a government report showed the economy grew as expected in the second quarter, while profits that topped estimates from companies like Whole Foods Market Inc. lent support.

Stocks Rise on Consumer Confidence Report

AP - A bullish consumer confidence report helped stocks edge higher Friday despite lower-than-expected growth in the nation's gross domestic product. Profit-taking following the market's big July gains limited the advance.

Global indicators strong before long weekend for Toronto stock market

Canadian Press - TORONTO (CP) - Just before a three-day weekend for Canada's main stock market, global indicators were overhelmingly positive for North American indexes early Friday.

Nikkei hits 4-month closing high

Dollar steady before growth data

Thursday's Wall Street Glance

AP - Dow Jones Industrials

European stocks higher on solid earnings

Reuters - European shares hit new 3-year highs on Thursday after a slew of strong corporate earnings including Telefonica and France Telecom.

NYSE Criticized Over Governance Policies

A Status Report on Wall Street

AP - Investors sent stocks higher Wednesday after the Federal Reserve's assessment of the economy raised hopes that the Fed's interest rate hikes would soon end.

Stocks gain on Fed's report, earnings

Thursday, July 28, 2005

Stock Markets Afternoon News 7/28/2005

Stocks rise as earnings beat expectations

Reuters - Stocks advanced on Thursday after earnings from drug maker Bristol-Myers Squibb Co. , oil company Exxon Mobil Corp. and coffee chain Starbucks Corp. beat Wall Street expectations, boosting investor enthusiasm for equities.

Positive Earnings Reports Boost Stocks

AP - Wall Street extended its advance Thursday on a raft of strong earnings reports and despite a sharp rise in oil prices.

TSX flat as U.S. indexes rally to intraday highs; crude oil prices climb

Canadian Press - TORONTO (CP) - Canada's main stock index secured a toehold in positive territory Thursday afternoon after mixed earnings and climbing oil prices caused it to vacillate.

European stocks higher on solid earnings

Reuters - European shares hit new 3-year highs on Thursday after a slew of strong corporate earnings including Telefonica and France Telecom.

Dollar steady after yuan dip

Reuters - The dollar was steady on Thursday, recovering from recent profit-taking and from brief selling on comments from China on the yuan's revaluation, as it remained underpinned by solid U.S. economic data.

Wednesday's Wall Street Glance

AP - Dow Jones Industrials

NYSE Criticized Over Governance Policies

A Status Report on Wall Street

AP - Investors sent stocks higher Wednesday after the Federal Reserve's assessment of the economy raised hopes that the Fed's interest rate hikes would soon end.

Stocks gain on Fed's report, earnings

Nikkei up, Canon falls ahead of results

Reuters - Tokyo's Nikkei share average rose 0.87 percent on Wednesday, led by Advantest Corp. after its profit recovery from the previous quarter encouraged investors, while a fall in the yen bolstered the auto sector.

Stock Markets Morning News 7/28/2005

Stocks rise on Exxon, Starbucks earnings

Reuters - U.S. shares were higher on Thursday, with better-than-expected earnings reports from blue-chip oil company Exxon Mobil Corp. and coffee chain Starbucks Corp. spurring investor confidence.

Stocks Move Higher on Strong Earnings

AP - Wall Street extended its advance Thursday on a raft of strong earnings, particularly at energy and pharmaceutical companies.

Stock markets positive on mixed earnings reports, higher crude oil prices

Canadian Press - TORONTO (CP) - North American stock indexes made modest gains Thursday morning as investors reviewed a mixed bag of earnings while oil prices climbed.

European stocks higher on solid earnings

Reuters - European shares hit new 3-year highs on Thursday after a slew of strong corporate earnings including Telefonica and France Telecom.

Dollar steady after yuan dip

Wednesday's Wall Street Glance

AP - Dow Jones Industrials

NYSE Criticized Over Governance Policies

A Status Report on Wall Street

AP - Investors sent stocks higher Wednesday after the Federal Reserve's assessment of the economy raised hopes that the Fed's interest rate hikes would soon end.

Stocks gain on Fed's report, earnings

Nikkei up, Canon falls ahead of results

Wednesday, July 27, 2005

Stock Markets Afternoon News 7/27/2005

Stocks rise on Fed's Beige report, Boeing

Reuters - U.S. stocks gained on Wednesday after a report from the Federal Reserve showed business activity growing in almost all regions of the country and aerospace company Boeing Co.'s shares advanced, offsetting mixed earnings reports.

Stocks Surge on Solid Earnings

AP - Stocks surged higher Wednesday after the Federal Reserve suggested that the economy has rebounded from its spring soft patch.

TSX up in positive earnings crush; loonie down; U.S. indexes mixed

Canadian Press - TORONTO (CP) - Toronto's main index continued its rally late Wednesday morning after a parade of positive earnings reports and rising oil prices as the Canadian dollar dipped for a second straight day.

European shares up on robust results

Reuters - European stocks rose on Wednesday, boosted by strong corporate earnings, led by France Telecom after it unveiled the terms of a widely anticipated purchase of 80 percent of Spanish mobile operator Amena for 6.4 billion euros.

Dollar firm after breaking key levels

Reuters - The dollar firmed toward recent 14-month highs versus the euro on Wednesday after breaking key technical levels ahead of this week's U.S. data which could spur expectations for further interest rates rises.

Nikkei up, Canon falls ahead of results

Tuesday's Wall Street Glance

AP - Dow Jones Industrials

S&P 500, Nasdaq up but Dow dips

Reuters - The Standard & Poor's 500 and Nasdaq stock indexes rose to four-year highs on Tuesday on positive earnings news, while the blue-chip Dow average was hurt by disappointing earnings at chemical maker DuPont Co.

Wall Street set for higher start

Reuters - Wall Street was expected to open higher on Tuesday with consumer confidence figures set to show a small rise while investors will scour a raft of company results after some contrasting figures in the previous session.

Stocks set to open flat on earnings

Reuters - U.S. stock futures signaled a flat market open on Monday at the start of a busy earnings week, which was coupled with reports of merger and acquisition activity.

Stock Markets Morning News 7/27/2005

Stocks little changed on mixed outlooks

Reuters - U.S. stocks were little changed on Wednesday, with better-than-expected earnings from Boeing Co. partly offset by warnings of a cloudy outlook from chip maker Linear Technologies Corp.

Stocks Nearly Flat Despite Solid Earnings

AP - Stocks traded in a narrow range Wednesday despite solid earnings from Amazon.com Inc. and Boeing Co. and encouraging data on durable goods orders.

Stock market indicators mostly positive in earnings crush; loonie falls further

Canadian Press - TORONTO (CP) - Global indicators were mostly positive for North American stock markets Wednesday as oil prices eased, earnings reports flooded in and Petro-Canada adjusted to the premature release of its quarterly profit report.

European shares up on robust results

Dollar firm after breaking key levels

Nikkei up, Canon falls ahead of results

Tuesday's Wall Street Glance

AP - Dow Jones Industrials

S&P 500, Nasdaq up but Dow dips

Wall Street set for higher start

Stocks set to open flat on earnings

Reuters - U.S. stock futures signaled a flat market open on Monday at the start of a busy earnings week, which was coupled with reports of merger and acquisition activity.

Tuesday, July 26, 2005

Stock Markets Afternoon News 7/26/2005

Stocks get lift from TI and Lockheed

Reuters - U.S. stocks rose on Tuesday after several companies, including chip maker Texas Instruments Inc. and defense contractor Lockheed Martin Corp. reported profits that beat Wall Street estimates.

Stocks Move Higher on Oil Prices, Earnings

AP - Stocks inched upward Tuesday as investors weighed slightly higher oil prices against strong earnings from companies including Verizon Communications Inc. and Texas Instruments Inc.

Stock markets mostly flat on earnings reports, lower oil price; C$ sinks

Canadian Press - TORONTO (CP) - North American stock markets failed to build momentum on a wave of generally positive earnings reports as oil prices changed course Tuesday afternoon and headed higher.

S&P 500, Nasdaq up but Dow dips

Wall Street set for higher start

European shares dip on results

Reuters - European stocks fell in early Tuesday trade in a busy day of quarterly results with earnings from chip maker Infineon and car maker Peugeot disappointing, while oil prices were steady.

Nikkei falls, investors hold back

Reuters - Tokyo's Nikkei share average fell on Tuesday as investors held back from aggressive buying ahead of earnings results from major companies, although gains in some chip stocks after a brokerage upgrade limited losses.

Monday's Wall Street Glance

AP - Dow Jones Industrials

Stocks set to open flat on earnings

Reuters - U.S. stock futures signaled a flat market open on Monday at the start of a busy earnings week, which was coupled with reports of merger and acquisition activity.

Dollar stronger as yen loses China luster

Reuters - The dollar extended its rebound against the yen on Monday as the impact of last week's small but significant revaluation of the Chinese yuan faded and investors turned to economic data and interest rate differentials.

Stock Markets Morning News 7/26/2005

Blue chips turn negative, DuPont weighs

Reuters - The blue-chip Dow Jones industrial average edged into negative territory early on Tuesday, weighed down by chemical company DuPont Co. , which reported second-quarter results below Wall Street expectations.

Stocks Are Mixed As Oil Prices Decline

AP - Stocks were narrowly mixed in early trading Tuesday as oil prices fell, allowing investors to focus on the day's stream of earnings reports and forecasts.

Stocks open higher on TI, Lockheed

Reuters - U.S. stocks opened higher on Tuesday, boosted by gains in chip maker Texas Instruments Inc. and defense contractor Lockheed Martin Corp., which reported earnings that topped Wall Street expectations.

Stock markets mostly flat on earnings reports, lower oil price; C$ sinks

Canadian Press - TORONTO (CP) - North American stock markets opened flat Tuesday as investors waded through a slew of positive earnings reports and pondered the impact of retreating oil prices. The Canadian dollar was sharply lower.

Wall Street set for higher start

European shares dip on results

Reuters - European stocks fell in early Tuesday trade in a busy day of quarterly results with earnings from chip maker Infineon and car maker Peugeot disappointing, while oil prices were steady.

Nikkei falls, investors hold back

Monday's Wall Street Glance

AP - Dow Jones Industrials

Stocks set to open flat on earnings

Reuters - U.S. stock futures signaled a flat market open on Monday at the start of a busy earnings week, which was coupled with reports of merger and acquisition activity.

Dollar stronger as yen loses China luster

Friday, July 22, 2005

Stock Markets Afternoon News 7/22/2005

Tech stocks dip on Microsoft, Google

Reuters - U.S. technology stocks fell on Friday after Microsoft Corp. , the world's largest software maker, and Web search company Google Inc. gave quarterly revenue outlooks that fell short of Wall Street expectations.

Markets anemic on British security concerns; Canadian retail sales disappoint

Canadian Press - TORONTO (CP) - North American stock markets languished Friday afternoon as crude oil prices spiked and investors mulled the possible impact of China's currency revaluation.

Stocks Mixed on Microsoft Earnings, Oil

AP - Stocks were narrowly mixed Friday as a tepid earnings report from Microsoft Corp. and a sharp rise in oil prices created fresh worries for investors.

Dollar rallies as markets weigh yuan move

Reuters - The dollar recovered some of the previous session's steep losses against the yen on Friday as markets pondered the implications of China's move to drop the yuan's peg against the dollar.

NYSE submits Archipelago merger filing

USATODAY.com - The New York Stock Exchange sent a detailed description of its proposed merger with electronic exchange Archipelago to the Securities and Exchange Commission on Thursday. The draft proxy statement spells out the terms by which the world's largest stock market will acquire Archipelago.

Stock futures indicate flat to lower open

Reuters - U.S. stock futures pointed to a flat-to-lower market open on Friday, with concerns about slowing sales for tech companies and questions about the long-term effect of China's move to revalue its currency prompting investors to pull back.

Wall St set to slip on London shooting

Reuters - Wall Street looks set to slip on Friday, unsettled by news police have shot a man at an underground train station in London, while analysts see tech stocks subdued by a disappointing forecast from Microsoft Corp.

European shares dip on new London alert

Reuters - European shares slipped on Friday after reports a man shot by police outside a London underground station was a suspected suicide bomber, a day after a second wave of bombs hit the British capital.

Yuan move may benefit US stock investors

Reuters - China's decision on Thursday to drop its currency's peg to U.S. dollar and allow the yuan to appreciate may spell good news for U.S. stock investors who are in for the long-haul.

Thursday's Wall Street Glance

AP - Dow Jones Industrials

Stock Markets Morning News 7/22/2005

Stocks flat; Microsoft down

Reuters - U.S. stocks were little changed on Friday, with news of a solid profit from oil-field services company Schlumberger Ltd. helping to offset a lackluster revenue outlook from software maker Microsoft Corp.

Stocks Climb Despite Rising Oil Prices

AP - Stocks edged higher Friday despite a tepid earnings report from Microsoft Corp. and a rise in oil prices.

Markets flat as Canadian inflation edges higher, retail sales disappoint

Canadian Press - TORONTO (CP) - North American stock markets were mostly flat Friday morning after two incidents on London's subway system rattled nerves, while investors weighed the possible impact of China's currency revaluation.

Yen down as markets question yuan impact

Reuters - The yen fell against the dollar and euro on Friday, giving back almost half of its strong gains made the previous session when China abandoned the yuan's dollar peg in favor of a basket of currencies.

NYSE submits Archipelago merger filing

Stock futures indicate flat to lower open

Wall St set to slip on London shooting

European shares dip on new London alert

Yuan move may benefit US stock investors

Reuters - China's decision on Thursday to drop its currency's peg to U.S. dollar and allow the yuan to appreciate may spell good news for U.S. stock investors who are in for the long-haul.

Thursday's Wall Street Glance

AP - Dow Jones Industrials

Thursday, July 21, 2005

Stock Markets Afternoon News 7/21/2005

Stocks fall on London blasts

Reuters - U.S. stocks declined on Thursday after news of a second string of attacks on London's transportation system this month offset a drop in oil prices and news that China's currency will appreciate.

Stocks mixed as London blasts jolt traders, markets mull China currency move

Canadian Press - TORONTO (CP) - Higher financial and gold stocks kept the Toronto stock market positive Thursday.

Stocks Bounce Back After Early Losses

AP - Stocks made up most of their early losses Thursday after the latest attacks in London caused just one injury and allowed investors to focus on earnings and China's decision to revalue its currency.

Dollar sags as China scraps currency peg

Reuters - The dollar slumped against the yen in heavy trading on Thursday after China abandoned its dollar peg in favor of a basket of currencies to manage the yuan.

Grasso suggests deal possible, then says no

USATODAY.com - Richard Grasso, the New York Stock Exchange chairman forced out in a controversy over his giant pay package, opened the door Wednesday to settling a dispute with New York Attorney General Eliot Spitzer, comments made in an interview with CNBC indicated.

Nikkei ends lower

Reuters - Japan's Nikkei average fell 0.02 percent on Thursday as investors turned cautious and sold recent gainers such as steel makers, but market sentiment remained firm with auto stocks ending higher after a brokerage upgrade.

Wednesday's Wall Street Glance

AP - Dow Jones Industrials

Amex loses out to NYSE on ETFs

FT.com - The American Stock Exchange, the third-largest in the US, received a heavy blow on Wednesday when it lost the listings of nearly half of its exchange traded funds - a rapidly growing product area it pioneered.

News better be good news for tech stocks

Reuters - U.S. technology companies are finding out that even a whiff of a neutral or slightly negative tone in an otherwise upbeat earnings report can send their stock tumbling.

Former chairman Richard Grasso says he's open to settling NYSE suit

Canadian Press - NEW YORK (AP) - Former New York Stock Exchange chief Richard Grasso, who was sued by New York's attorney general over his $187.5-million-US pay package, said Wednesday he's willing to settle the case.

Stock Markets Morning News 7/21/2005

Stocks slip after yuan revalued

Reuters - U.S. stocks opened lower on Thursday after China loosened its yuan currency exchange rate against the dollar, which could squeeze profits of companies that source heavily from China, such as Wal-Mart Stores Inc.

Stocks Move Lower on London Explosions

AP - Stocks edged lower Thursday as unease over the possibility of new terrorist attacks in London overshadowed China's decision to revalue its currency.

Canadian dollar, markets boosted by China's move to unlink from US dollar

Canadian Press - TORONTO (CP) - The Canadian dollar was up more than half a U.S. cent and stock markets looked to open higher early Thursday after China decided to end its currency peg to the U.S. dollar.

Grasso suggests deal possible, then says no

Nikkei ends lower

Wednesday's Wall Street Glance

AP - Dow Jones Industrials

Amex loses out to NYSE on ETFs

News better be good news for tech stocks

Reuters - U.S. technology companies are finding out that even a whiff of a neutral or slightly negative tone in an otherwise upbeat earnings report can send their stock tumbling.

Former chairman Richard Grasso says he's open to settling NYSE suit

Dollar robust vs yen pre-Greenspan

Reuters - The dollar hit a 14-month high against the yen on Wednesday as expectations grew Federal Reserve chief Alan Greenspan will signal steady rises in U.S. interest rates in testimony later in the day.

Wednesday, July 20, 2005

Stock Markets Afternoon News 7/20/2005

Stocks flat on Greenspan testimony

Reuters - U.S. stocks were little changed on Wednesday after Federal Reserve Chairman Alan Greenspan made optimistic remarks about the U.S economy but said higher interest rates were needed.

Stocks Up As Investors Focus on Earnings

AP - Stocks turned higher in afternoon trading Wednesday as investors focused on good earnings news from the majority of companies that have reported and put aside earlier concerns about a handful of disappointments.

Former chairman Richard Grasso says he's open to settling NYSE suit

Stock markets turn higher as investors focus on the good earnings news

Canadian Press - TORONTO (CP) - The tone on stock markets improved Wednesday afternoon as materials and industrial stocks pulled Toronto higher while New York shook off earlier losses to move ahead slightly despite a string of disappointing earnings reports.

Dollar robust vs yen pre-Greenspan

European stocks pare losses

Reuters - European shares pared opening losses on Wednesday as pleasing earnings from Swiss drugmaker Roche, and buoyant miners after China's latest red-hot economic growth numbers helped offset a weak technology sector.

Tuesday's Wall Street Glance

AP - Dow Jones Industrials

Q2 profit growth likely in double digits

Reuters - Thirteen could be a lucky number this earnings period for U.S. investors hoping for double-digit profit growth.

U.S. stocks set for strong start

Reuters - U.S. stock futures pointed to a strong start for the market on Tuesday after blue-chip company International Business Machines Corp. reported earnings that topped Wall Street estimates and ahead of a slew of earnings from other heavyweights.

Good Economic News May Not Boost Stocks

AP - Companies are more productive and more people have jobs. Corporate earnings growth is strong. And while oil prices remain near historic highs, the economy is showing great resilience. Even inflation is a non-issue. But don't expect a huge surge in stocks.

Stock Markets Morning News 7/20/2005

Stocks open lower on GM loss

Reuters - U.S. stocks dropped sharply at the open on Wednesday, with an unexpected quarterly loss from General Motors Corp. and worries over growth in the tech sector prompting investors to pull back.

Stocks Lower on Disappointing GM Report

AP - Stocks opened lower Wednesday as dour earnings from General Motors dampened traders' moods.

General Motors sets tone for negative session on markets with big loss

Canadian Press - TORONTO (CP) - A quarterly loss reported by General Motors Corp. helped send stock markets mainly lower Wednesday morning, although higher energy prices helped keep the Toronto stock market mildly positive.

Dollar robust vs yen pre-Greenspan

European stocks pare losses

Tuesday's Wall Street Glance

AP - Dow Jones Industrials

Q2 profit growth likely in double digits

Reuters - Thirteen could be a lucky number this earnings period for U.S. investors hoping for double-digit profit growth.

U.S. stocks set for strong start

Good Economic News May Not Boost Stocks

Probe into exchange mergers - FT report

Reuters - U.S. authorities are widening their probe into the mergers proposed by the New York Stock Exchange and the Nasdaq Stock Market Inc. , the Financial Times newspaper reported on Monday.

Tuesday, July 19, 2005

Stock Markets Afternoon News 7/19/2005

Stocks gain, buoyed by Merrill, IBM

Reuters - U.S. stocks climbed on Tuesday after the world's largest computer company, International Business Machines Corp. , and the largest U.S. brokerage, Merrill Lynch & Co. Inc. reported earnings that beat Wall Street forecasts.

Stocks Surge on IBM, Merrill Earnings

AP - Wall Street regained its composure Tuesday, marching higher after companies including Merrill Lynch & Co. and International Business Machines Corp. beat earnings expectations.

Stock markets shake off blues as IBM improves optimism over Q2 earnings

Canadian Press - TORONTO (CP) - Investors reassured by earnings from IBM Corp. sent stock markets higher Tuesday afternoon.

U.S. stocks set for strong start

Dollar idles as traders look to Greenspan

Reuters - The dollar steadied on Tuesday after a modest dip as traders looked to testimony from Federal Reserve chief Alan Greenspan for clues about how long the central bank will keep raising interest rates.

Monday's Wall Street Glance

AP - Dow Jones Industrials

Good Economic News May Not Boost Stocks

Probe into exchange mergers - FT report

Reuters - U.S. authorities are widening their probe into the mergers proposed by the New York Stock Exchange and the Nasdaq Stock Market Inc. , the Financial Times newspaper reported on Monday.

Maidenform all fit for public offering

Reuters - Maidenform Brands Inc., the intimate apparel maker that helped usher in the modern-day bra, is slated for a $150 million initial public offering in the coming week.

Profit growth seen dependent on sales

Reuters - Revenue growth is showing a healthy pace at U.S. companies so far in the second quarter, but stock market strategists say they would like to see the numbers accelerate even more.

Stock Markets Morning News 7/19/2005

Stocks rise on IBM, Merrill earnings

Reuters - U.S. stocks rose on Tuesday, as better-than-expected earnings from No. 1 computer maker International Business Machines Corp. and leading U.S. brokerage Merrill Lynch & Co. Inc. drove investors' appetite for equities.

Stocks Higher on IBM, Merrill Earnings

AP - Stocks opened higher Tuesday after companies including Merrill Lynch & Co. and International Business Machines Corp. beat earnings expectations.

Stock markets off to higher start on higher earnings from IBM, others

Canadian Press - TORONTO (CP) - Stock markets were off to a strong start Tuesday morning as a string of positive earnings reports - especially from IBM Corp. - were well-received by traders.

U.S. stocks set for strong start

Dollar idles as traders look to Greenspan

Monday's Wall Street Glance

AP - Dow Jones Industrials

Good Economic News May Not Boost Stocks

Probe into exchange mergers - FT report

Reuters - U.S. authorities are widening their probe into the mergers proposed by the New York Stock Exchange and the Nasdaq Stock Market Inc. , the Financial Times newspaper reported on Monday.

Maidenform all fit for public offering

Reuters - Maidenform Brands Inc., the intimate apparel maker that helped usher in the modern-day bra, is slated for a $150 million initial public offering in the coming week.

Profit growth seen dependent on sales

Reuters - Revenue growth is showing a healthy pace at U.S. companies so far in the second quarter, but stock market strategists say they would like to see the numbers accelerate even more.

Monday, July 18, 2005

Stock Markets Afternoon News 7/18/2005

Stocks fall, Citigroup profit disappoints

Reuters - U.S. stocks fell on Monday after Citigroup Inc. , the world's largest financial services company, said its second-quarter earnings missed analysts' forecasts, but declines were limited by a retreat in crude oil prices.

Stocks Slide on Citigroup's Q2 Earnings

AP - Stocks fell moderately Monday after weaker-than-expected earnings from Citigroup Inc. raised questions about other companies' second-quarter results, but a drop in oil prices limited the market's decline.

North American markets slack on feeble Citigroup quarter, lower oil prices

Canadian Press - TORONTO (CP) - The Toronto stock market was flat Monday afternoon with declining energy and technology stocks balanced by advancing mining and financial shares.

Stock futures point lower after Citi miss

Reuters - U.S. stock futures pointed to a lower market open on Monday, with investors concerned about corporate profits after Dow component Citigroup Inc. reported second-quarter earnings that lagged Wall Street expectations.

Dollar holds gains after data

Reuters - The U.S. dollar remained strong in early trade on Monday, underpinned by upbeat economic data and expectations Federal Reserve Chairman Alan Greenspan will signal more U.S. rate rises, but volume was thin due to a Japanese holiday.

Good Economic News May Not Boost Stocks

Probe into exchange mergers - FT report

Reuters - U.S. authorities are widening their probe into the mergers proposed by the New York Stock Exchange and the Nasdaq Stock Market Inc. , the Financial Times newspaper reported on Monday.

Maidenform all fit for public offering

Reuters - Maidenform Brands Inc., the intimate apparel maker that helped usher in the modern-day bra, is slated for a $150 million initial public offering in the coming week.

Friday's Wall Street Glance

AP - Dow Jones Industrials

Profit growth seen dependent on sales

Reuters - Revenue growth is showing a healthy pace at U.S. companies so far in the second quarter, but stock market strategists say they would like to see the numbers accelerate even more.

Stock Markets Morning News 7/18/2005

Stocks slip, hurt by Citigroup and 3M

Reuters - U.S. stocks fell on Monday after disappointing earnings and sales results from blue-chip companies Citigroup Inc. and 3M Co. dampened investors' enthusiasm about the profit outlook.

Stocks Fall on Citigroup Earnings

AP - Investors sent stocks falling in early trading Monday after disappointing earnings from Citigroup Inc. raised questions about other companies' second-quarter results.

Market signals mostly negative on mixed earnings reports, higher oil prices

Canadian Press - TORONTO (CP) - After disappointing profit news from Citigroup, kicking off a flood of earnings reports this week, market indicators were mostly negative early Monday.

Stock futures point lower after Citi miss

Dollar holds gains after data

Good Economic News May Not Boost Stocks

Probe into exchange mergers - FT report

Reuters - U.S. authorities are widening their probe into the mergers proposed by the New York Stock Exchange and the Nasdaq Stock Market Inc. , the Financial Times newspaper reported on Monday.

Maidenform all fit for public offering

Reuters - Maidenform Brands Inc., the intimate apparel maker that helped usher in the modern-day bra, is slated for a $150 million initial public offering in the coming week.

Friday's Wall Street Glance

AP - Dow Jones Industrials

Profit growth seen dependent on sales

Reuters - Revenue growth is showing a healthy pace at U.S. companies so far in the second quarter, but stock market strategists say they would like to see the numbers accelerate even more.

Friday, July 15, 2005

Stock Markets Afternoon News 7/15/2005

Stocks turn positive late, data aids

Reuters - U.S. stocks turned higher on Friday afternoon, as investors shook off earnings warnings from companies such as General Electric Co. and focused on robust economic data.

Stocks Move Higher in Late Trading

AP - Stocks reversed course and edged higher in late trading Friday as investors welcomed strong economic data and looked past an earnings warning from General Electric Co.

Stock market indexes narrowly mixed; TSX 'a bit overextended'

Canadian Press - TORONTO (CP) - The Toronto stock market was little changed Friday afternoon as the energy sector started to mend after Thursday's selloff but declines in metals stocks held down the index. "In Canada the market has had a great run, it's a bit overextended," said John Johnston, chief strategist the Harbour Group at RBC Dominion Securities.

Dollar firm as traders look to Greenspan

Reuters - The dollar held firm on Friday, a day after a strong retail sales report added to a string of upbeat news on the U.S. economy and suggested the Federal Reserve would keep raising interest rates at a steady pace.

Thursday's Wall Street Glance

AP - Dow Jones Industrials

NYSE win for bond investors

FT.com - The New York Stock Exchange has welcomed a move to let members trade a broader range of debt securities on its electronic platform, saying it would be "a big win" for bond investors.Expanding its fixed-income business could boost NYSE growth as it prepares to merge with the Archipelago exchange and become a public company. The move "supports our commitment to diversify our marketplace as a multi-asset class venue for our customers", said Robert McSweeney, senior vice president of competitive position at the NYSE. ...

Profit growth seen dependent on sales

Reuters - Revenue growth is showing a healthy pace at U.S. companies so far in the second quarter, but stock market strategists say they would like to see the numbers accelerate even more.

S&P 500 at 4-yr high on strong earnings

Reuters - The Standard & Poor's 500 stock-index hit a four-year high on Thursday after Apple Computer Inc. said it quintupled its quarterly profit and the government reported increased retail sales last month with tame inflation.

Judge Orders NYSE to Turn Over Documents

AP - The New York Stock Exchange must turn over documents and analyses related to its pending acquisition of Archipelago Holdings Inc. to three seat holders who are suing to block the deal, a state judge ruled Wednesday.

Wall St seen flat as oil up

Reuters - U.S. shares look set to open little changed on Tuesday as oil prices creep back above $59 a barrel, but Alcatel's optimistic update could add to bullish views on the forthcoming earnings season.

Stock Markets Morning News 7/15/2005

Stocks open flat after PPI; GE falls

Reuters - U.S. stocks opened little changed on Friday after a report showing an unexpected drop in core producer prices was offset by a disappointing forecast from General Electric Co. , the conglomerate which is sometimes viewed as a proxy for the U.S. economy.

Stocks Fall As Investors Take Profits

AP - Wall Street gave back some of its gains Friday as strong economic data and solid, if uninspiring, earnings from General Electric Co. did not discourage investors from collecting profits.

Stocks mixed: TSX up on higher oil while NY flat despite upbeat GE report

Canadian Press - TORONTO (CP) - The Toronto stock market moved higher Friday as energy stocks improved after Thursday's selloff, but New York markets were flat despite positive economic data and General Electric Co. earnings that met expectations.

Dollar firm as traders look to Greenspan

Thursday's Wall Street Glance

AP - Dow Jones Industrials

NYSE win for bond investors

Profit growth seen dependent on sales

Reuters - Revenue growth is showing a healthy pace at U.S. companies so far in the second quarter, but stock market strategists say they would like to see the numbers accelerate even more.

S&P 500 at 4-yr high on strong earnings

Judge Orders NYSE to Turn Over Documents

Wall St seen flat as oil up

Thursday, July 14, 2005

Stock Markets Afternoon News 7/14/2005

Stocks rally, buoyed by earnings and data

Reuters - U.S. stocks rose on Thursday, with the Nasdaq and Standard & Poor's 500 Index extending their rally into a sixth day, as better-than-expected earnings reports and data showing tame consumer inflation heartened investors.

Stocks Move Higher on Drop in Oil Prices

AP - A trifecta of good news — positive economic data, strong earnings and a sharp drop in oil prices — sent stocks sharply higher Thursday and had the Standard & Poor's 500 index poised to set a new four-year high.

TSX down as oil drops, N.Y. markets rise on economic and corporate news

Canadian Press - TORONTO (CP) - The Toronto stock market was firmly in the red Thursday afternoon as a steep drop in the price of crude oil sent the TSX energy sector down almost three per cent.

Dollar higher in choppy trade after data

Reuters - The dollar drifted higher on Thursday in choppy trading as mixed U.S. data gave dealers little motivation to push the currency firmly in any one direction.

S&P 500 at 4-yr high on strong earnings

Wednesday's Wall Street Glance

AP - Dow Jones Industrials

Judge Orders NYSE to Turn Over Documents

Wall St seen flat as oil up

Wall Street Eager for Earnings Season

AP - All the talk about economic growth, inflation, oil prices and interest rates can send the markets scurrying in any direction. But when it comes to stocks, there's no better indicator of performance than earnings. Second-quarter earnings season begins in earnest this week.

Japan stocks gain after job data boosts

Reuters - Japan's Nikkei average rose 1.06 percent by midsession on Monday as healthy gains on Wall Street, inspired by modest U.S. job creation, encouraged investors to buy Toyota Motor Corp. and other blue chips.

Stock Markets Morning News 7/14/2005

Stocks rise, S&P 500 hits 4-year high

Reuters - U.S. stocks rose on Thursday, with the Standard & Poor's 500 stock-index hitting a four-year high, after government reports showed economic growth with no pickup in inflation last month and Apple Computer Inc. said it quintupled its quarterly profit.

Strong Economic Data Boosts Stocks

AP - Surprisingly benign inflation data and strong earnings from the tech sector boosted stocks Thursday, with the Standard & Poor's 500 index breaking through a four-year high. Solid retail sales also fueled buying.

Dollar down in choppy trade after US data

Reuters - The dollar was modestly lower on Thursday in choppy trading after initially posting gains, as a mixed batch of U.S. data gave dealers little motivation to push the currency firmly in any one direction.

Positive earnings news, readings on inflation, retail sales to boost markets

Canadian Press - TORONTO (CP) - Stock markets appeared set for a solidly higher opening Thursday on a combination of positive earnings reports and healthy readings on U.S. inflation and retail sales.

Wednesday's Wall Street Glance

AP - Dow Jones Industrials

Judge Orders NYSE to Turn Over Documents

Stocks seen little changed as oil up

Reuters - U.S. stock futures pointed to a flat market open on Tuesday as oil prices inched up above $59 a barrel, failing to ease concerns about the impact of higher energy costs on corporate profits and consumer spending, as the earnings season gets under way.

Wall St seen flat as oil up

Wall Street Eager for Earnings Season

Japan stocks gain after job data boosts

Wednesday, July 13, 2005

Stock Markets Afternoon News 7/13/2005

Blue chips edge up, S&P, Nasdaq flat

Reuters - U.S. blue chips edged higher on Wednesday, while the Nasdaq and the Standard & Poor's 500 were little changed as high oil prices offset several better-than-expected earnings reports.

Stocks Mixed As Investors Measure Data

AP - Stocks were mixed Wednesday as investors weighed solid second-quarter earnings against higher oil prices and a drop in petroleum reserves.

Stock markets mixed as traders weigh trade data, earnings, high oil prices

Canadian Press - TORONTO (CP) - The Toronto stock market drifted lower Wednesday afternoon as investors took in data showing the Canadian trade surplus deteriorated somewhat during May.

Judge Orders NYSE to Turn Over Documents

Dollar recovers ground before trade data

Reuters - The dollar recovered from Tuesday's four-week low against the euro on Wednesday as selling ahead of U.S. trade data ebbed but analysts said the U.S. currency remained vulnerable to any increased trade deficit.

Tuesday's Wall Street Glance

AP - Dow Jones Industrials

Stocks seen little changed as oil up

Wall St seen flat as oil up

Wall Street Eager for Earnings Season

Japan stocks gain after job data boosts

Stock Markets Morning News 7/13/2005

Stocks gain, helped by trade data

Reuters - U.S. stocks opened higher on Wednesday after a government report showed the U.S. trade deficit for May narrowed unexpectedly, while International Business Machines Corp. rose after a brokerage upgrade.

Stocks Move Higher on Trade Deficit Data

AP - Stocks moved modestly higher in early trading Wednesday as a strong trade report for May outweighed oil prices that remain near record highs.

Stocks higher, C$ loses ground on mixed Canada-U.S. trade data

Canadian Press - TORONTO (CP) - Stock markets were off to a higher start Wednesday as investors mulled data showing a deterioration of Canada's trade surplus in May while the U.S. trade deficit showed improvement.

Dollar recovers ground before trade data

Tuesday's Wall Street Glance

AP - Dow Jones Industrials

Former NYSE seat holder accuses Thain, exchange of fraud over seat sale

Canadian Press - NEW YORK (AP) - A former New York Stock Exchange seat holder has accused Big Board chief executive John Thain of lying outright to her husband about the exchange's prospects for going public - a statement she said cost her at least $1 million US.

Stocks seen little changed as oil up

Wall St seen flat as oil up

Wall Street Eager for Earnings Season

Japan stocks gain after job data boosts

Tuesday, July 12, 2005

Stock Markets Afternoon News 7/12/2005

Stocks up on solid earnings, merger news

Reuters - U.S. stocks climbed into positive territory on Tuesday, resuming the momentum of a three-day rally after better-than-expected earnings from soft-drink maker PepsiCo Inc. and biotechnology company Genentech Inc. .

Stocks Up, Dismissing Rising Oil Prices

AP - Bullish investors sent stocks modestly higher Tuesday as Wall Street welcomed the prospect of a strong earnings season and looked past a sharp jump in oil prices.

Dollar drops broadly, trade data in focus

Reuters - The dollar declined to three-week lows against the euro on Tuesday as investors cautiously eyed U.S. trade data for May due on Wednesday which could underscore the country's external financing woes.

C$ surges as higher rates appear likely; stocks mixed as oil jumps

Canadian Press - TORONTO (CP) - The Canadian dollar ran up sharply Tuesday on indications that interest rates will be heading higher soon while stock markets were mixed as higher oil prices trumped good earnings news.

Stocks seen little changed as oil up

Wall St seen flat as oil up

Monday's Wall Street Glance

AP - Dow Jones Industrials

Wall Street Eager for Earnings Season

Japan stocks gain after job data boosts

Europe shares hit by blasts, end off lows

Reuters - Deadly blasts across London rocked European financial markets on Thursday, wiping tens of billions of euros in value from equity markets and knocking British shares to their biggest one-day loss in a year.

Stock Markets Morning News 7/12/2005

Stocks slip as oil returns to $60

Reuters - U.S. stocks declined on Tuesday as oil prices climbed to $60 a barrel, taking the shine off better-than-expected earnings from soft-drink maker PepsiCo Inc. and biotechnology company Genentech Inc. .

Dollar weakens as trade data awaited

Reuters - The dollar fell to three-week lows against the euro on Tuesday in partly technically-driven trade, as investors cautiously eyed U.S. trade data due on Wednesday, which could underscore external financing woes.

Stocks Mixed in Directionless Trading

AP - Stocks were narrowly mixed Tuesday as investors looked past strong profits from PepsiCo Inc. and kept to the sidelines ahead of a raft of economic data and earnings reports in the coming days.

C$ rises as Bank of Canada leaves rates unchanged, signals rise on the way

Canadian Press - TORONTO (CP) - The Canadian dollar moved up sharply Tuesday after the Bank of Canada left its key interest rate unchanged at 2.5 per cent.