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.
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