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.

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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.

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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.

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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.

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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.

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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.

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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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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.

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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.

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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.

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