Friday, July 01, 2005

Stock Markets Afternoon News 7/1/2005

U.S. blue chips buoyed by GM and Exxon

Reuters - U.S. blue-chip stocks advanced on Friday, as a surge of over $2 in oil prices boosted Exxon Mobil Corp. , while General Motors Corp. rose after the automaker reported a jump in June sales.

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Stocks Advance in Late Afternoon Trading

AP - Wall Street moved modestly higher in a lackluster pre-holiday session Friday as stronger-than-expected economic data helped stocks rebound slightly from disappointment over the Federal Reserve's latest policy statement.

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Dollar at 1-year high vs euro after ISM

Reuters - The dollar rose to its highest in a year against the euro after a report on U.S. manufacturing activity reinforced expectations for further interest rate rises, a day after the Federal Reserve raised rates for the ninth straight time.

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Thursday's Wall Street Glance

AP - Dow Jones Industrials

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Stock markets fall after Fed raises rates again, shows no sign of stopping

Canadian Press - TORONTO (CP) - Stock markets tumbled Thursday ahead of the Canada Day and Independence Day holidays after the U.S. Federal Reserve raised interest rates again and gave no indication that rate hikes are at an end.

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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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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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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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U.S. shares trim gains as oil spurts

Reuters - U.S. stocks were little changed on Monday, trimming earlier gains as oil spurted above $55 a barrel, raising concerns about corporate earnings and reduced consumer spending.

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