Thursday, July 28, 2005

Stock Markets Afternoon News 7/28/2005

Stocks rise as earnings beat expectations

Reuters - Stocks advanced on Thursday after earnings from drug maker Bristol-Myers Squibb Co. , oil company Exxon Mobil Corp. and coffee chain Starbucks Corp. beat Wall Street expectations, boosting investor enthusiasm for equities.

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Positive Earnings Reports Boost Stocks

AP - Wall Street extended its advance Thursday on a raft of strong earnings reports and despite a sharp rise in oil prices.

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TSX flat as U.S. indexes rally to intraday highs; crude oil prices climb

Canadian Press - TORONTO (CP) - Canada's main stock index secured a toehold in positive territory Thursday afternoon after mixed earnings and climbing oil prices caused it to vacillate.

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European stocks higher on solid earnings

Reuters - European shares hit new 3-year highs on Thursday after a slew of strong corporate earnings including Telefonica and France Telecom.

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Dollar steady after yuan dip

Reuters - The dollar was steady on Thursday, recovering from recent profit-taking and from brief selling on comments from China on the yuan's revaluation, as it remained underpinned by solid U.S. economic data.

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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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NYSE Criticized Over Governance Policies

AP - When the New York Stock Exchange unveiled its landmark acquisition of Archipelago Holdings Inc., Big Board Chief Executive John Thain pledged that the merged company would be a "model for best practices in corporate governance."

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A Status Report on Wall Street

AP - Investors sent stocks higher Wednesday after the Federal Reserve's assessment of the economy raised hopes that the Fed's interest rate hikes would soon end.

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Stocks gain on Fed's report, earnings

Reuters - U.S. stocks rose on Wednesday, lifted by a report from the Federal Reserve showing business activity growing in almost all regions of the country and better-than-expected earnings from Boeing Co. and Amazon.com Inc.

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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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