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.

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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.

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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.

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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.

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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.

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Tuesday's Wall Street Glance

AP - Dow Jones Industrials

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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.

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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.

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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.

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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.

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