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.

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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.

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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.

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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.

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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.

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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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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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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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