Stocks fall after crude hits record high
Reuters - U.S. stocks fell on Wednesday as crude prices muscled to a record high, trading for the first time above $61 a barrel, as two tropical storms fanned widespread worries over supply.
Stocks Drop As Oil Tops $61 Per Barrel
AP - Stocks tumbled Wednesday as oil prices climbed past $61 per barrel on fears of refining shortages, causing investors to look past a report showing strong growth in the service sector of the economy.
Resource stocks take TSX higher; N.Y. slips as oil heads toward $61 US
Canadian Press - TORONTO (CP) - The Toronto stock market moved higher Wednesday as the materials sector, including base-metal stocks, provided most of the momentum.
Salton gets NYSE delisting warning letter
Reuters - Salton Inc. , which makes the George Foreman grill, on Wednesday said it received a warning from the New York Stock Exchange that its shares may be delisted because of low market capitalization.
Tuesday's Wall Street Glance
AP - Dow Jones Industrials
Stocks climb, Wal-Mart ups consumer view
Reuters - U.S. stocks climbed on Tuesday, with strong June sales from Wal-Mart Stores Inc. driving blue chips and analysts' increases in earnings estimates for Apple Computer Inc. helping Nasdaq.
Wall St seen slipping, oil above $59/bbl
Reuters - Wall Street was expected to open lower on Tuesday -- after being shut on Monday for Independence Day -- as U.S. oil prices climbed past $59 a barrel, stoking fears of a squeeze on corporate profits and consumer sentiment.
Markets May Get Some Clarity This Week
AP - With crude prices still near historic highs and the Federal Reserve holding steady on interest rates, investors have been looking forward to the start of earnings season to see whether corporate America can still deliver strong profits.
European shares end at fresh 3-year peaks
Reuters - European shares ended Monday at levels last seen more than three years ago as firm oil prices powered heavily weighted energy stocks, while exporters such as carmakers gained as the euro dipped against the dollar.
Dollar rallies to 13-month highs vs euro
Reuters - The dollar hit fresh 13-month highs against the euro and 14-month highs versus the pound on Monday after strong U.S. factory data last week cemented expectations for the Federal Reserve to keep raising interest rates.
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