Friday, July 08, 2005

Stock Markets Afternoon News 7/8/2005

Stocks stage strong rally on Alcoa, jobs

Reuters - U.S. stocks climbed sharply on Friday, as better-than-expected earnings from blue-chip Alcoa Inc. and a report of moderate job growth assured investors the economy remained on solid footing.

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Stocks Surge on Job Creation Report

AP - A mixed job creation report had enough good news to push stocks sharply higher Friday, with a sharp drop in crude oil futures adding to the rally. The Dow Jones industrials rose 138 points, while the Nasdaq touched its highest levels since January.

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U.S. stocks stage strong rally on Alcoa

Reuters - U.S. stocks climbed sharply on Friday, as better-than-expected earnings from blue-chip Alcoa Inc. and a report of moderate job growth assured investors the economy remained on solid footing.

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Wall St seen inching up on Alcoa

Reuters - Wall Street geared for a firmer opening on Friday as pleasing earnings from blue chip Alcoa offsets oil prices back above $61 a barrel, but investors will stay cautious ahead of U.S. employment data.

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Thursday's Wall Street Glance

AP - Dow Jones Industrials

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Sterling down after blasts

Reuters - Sterling struggled near 19-month lows against the dollar on Friday, a day after falling sharply following a series of deadly explosions in London.

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Stock markets close higher despite series of deadly explosions in London

Canadian Press - TORONTO (CP) - Stock markets closed higher Thursday - a long way from pre-opening futures that pointed to a sharply lower session following a series of bombings in London's public transport system.

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Europe shares hit by blasts, end off lows

Reuters - Deadly blasts across London rocked European financial markets on Thursday, wiping tens of billions of euros in value from equity markets and knocking British shares to their biggest one-day loss in a year.

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Nasdaq and FTSE link up to launch indexes

Reuters - The Nasdaq Stock Market Inc. on Thursday launched four new indexes in collaboration with London-based stock index provider FTSE Group.

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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.

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