Friday, July 22, 2005

Stock Markets Afternoon News 7/22/2005

Tech stocks dip on Microsoft, Google

Reuters - U.S. technology stocks fell on Friday after Microsoft Corp. , the world's largest software maker, and Web search company Google Inc. gave quarterly revenue outlooks that fell short of Wall Street expectations.

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Markets anemic on British security concerns; Canadian retail sales disappoint

Canadian Press - TORONTO (CP) - North American stock markets languished Friday afternoon as crude oil prices spiked and investors mulled the possible impact of China's currency revaluation.

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Stocks Mixed on Microsoft Earnings, Oil

AP - Stocks were narrowly mixed Friday as a tepid earnings report from Microsoft Corp. and a sharp rise in oil prices created fresh worries for investors.

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Dollar rallies as markets weigh yuan move

Reuters - The dollar recovered some of the previous session's steep losses against the yen on Friday as markets pondered the implications of China's move to drop the yuan's peg against the dollar.

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NYSE submits Archipelago merger filing

USATODAY.com - The New York Stock Exchange sent a detailed description of its proposed merger with electronic exchange Archipelago to the Securities and Exchange Commission on Thursday. The draft proxy statement spells out the terms by which the world's largest stock market will acquire Archipelago.

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Stock futures indicate flat to lower open

Reuters - U.S. stock futures pointed to a flat-to-lower market open on Friday, with concerns about slowing sales for tech companies and questions about the long-term effect of China's move to revalue its currency prompting investors to pull back.

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Wall St set to slip on London shooting

Reuters - Wall Street looks set to slip on Friday, unsettled by news police have shot a man at an underground train station in London, while analysts see tech stocks subdued by a disappointing forecast from Microsoft Corp.

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European shares dip on new London alert

Reuters - European shares slipped on Friday after reports a man shot by police outside a London underground station was a suspected suicide bomber, a day after a second wave of bombs hit the British capital.

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Yuan move may benefit US stock investors

Reuters - China's decision on Thursday to drop its currency's peg to U.S. dollar and allow the yuan to appreciate may spell good news for U.S. stock investors who are in for the long-haul.

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Thursday's Wall Street Glance

AP - Dow Jones Industrials

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