Wednesday, July 27, 2005

Stock Markets Afternoon News 7/27/2005

Stocks rise on Fed's Beige report, Boeing

Reuters - U.S. stocks gained on Wednesday after a report from the Federal Reserve showed business activity growing in almost all regions of the country and aerospace company Boeing Co.'s shares advanced, offsetting mixed earnings reports.

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Stocks Surge on Solid Earnings

AP - Stocks surged higher Wednesday after the Federal Reserve suggested that the economy has rebounded from its spring soft patch.

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TSX up in positive earnings crush; loonie down; U.S. indexes mixed

Canadian Press - TORONTO (CP) - Toronto's main index continued its rally late Wednesday morning after a parade of positive earnings reports and rising oil prices as the Canadian dollar dipped for a second straight day.

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European shares up on robust results

Reuters - European stocks rose on Wednesday, boosted by strong corporate earnings, led by France Telecom after it unveiled the terms of a widely anticipated purchase of 80 percent of Spanish mobile operator Amena for 6.4 billion euros.

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Dollar firm after breaking key levels

Reuters - The dollar firmed toward recent 14-month highs versus the euro on Wednesday after breaking key technical levels ahead of this week's U.S. data which could spur expectations for further interest rates rises.

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Nikkei up, Canon falls ahead of results

Reuters - Tokyo's Nikkei share average rose 0.87 percent on Wednesday, led by Advantest Corp. after its profit recovery from the previous quarter encouraged investors, while a fall in the yen bolstered the auto sector.

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Tuesday's Wall Street Glance

AP - Dow Jones Industrials

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S&P 500, Nasdaq up but Dow dips

Reuters - The Standard & Poor's 500 and Nasdaq stock indexes rose to four-year highs on Tuesday on positive earnings news, while the blue-chip Dow average was hurt by disappointing earnings at chemical maker DuPont Co.

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Wall Street set for higher start

Reuters - Wall Street was expected to open higher on Tuesday with consumer confidence figures set to show a small rise while investors will scour a raft of company results after some contrasting figures in the previous session.

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Stocks set to open flat on earnings

Reuters - U.S. stock futures signaled a flat market open on Monday at the start of a busy earnings week, which was coupled with reports of merger and acquisition activity.

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