Thursday, July 14, 2005

Stock Markets Morning News 7/14/2005

Stocks rise, S&P 500 hits 4-year high

Reuters - U.S. stocks rose on Thursday, with the Standard & Poor's 500 stock-index hitting a four-year high, after government reports showed economic growth with no pickup in inflation last month and Apple Computer Inc. said it quintupled its quarterly profit.

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Strong Economic Data Boosts Stocks

AP - Surprisingly benign inflation data and strong earnings from the tech sector boosted stocks Thursday, with the Standard & Poor's 500 index breaking through a four-year high. Solid retail sales also fueled buying.

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Dollar down in choppy trade after US data

Reuters - The dollar was modestly lower on Thursday in choppy trading after initially posting gains, as a mixed batch of U.S. data gave dealers little motivation to push the currency firmly in any one direction.

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Positive earnings news, readings on inflation, retail sales to boost markets

Canadian Press - TORONTO (CP) - Stock markets appeared set for a solidly higher opening Thursday on a combination of positive earnings reports and healthy readings on U.S. inflation and retail sales.

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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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Judge Orders NYSE to Turn Over Documents

AP - The New York Stock Exchange must turn over documents and analyses related to its pending acquisition of Archipelago Holdings Inc. to three seat holders who are suing to block the deal, a state judge ruled Wednesday.

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Stocks seen little changed as oil up

Reuters - U.S. stock futures pointed to a flat market open on Tuesday as oil prices inched up above $59 a barrel, failing to ease concerns about the impact of higher energy costs on corporate profits and consumer spending, as the earnings season gets under way.

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Wall St seen flat as oil up

Reuters - U.S. shares look set to open little changed on Tuesday as oil prices creep back above $59 a barrel, but Alcatel's optimistic update could add to bullish views on the forthcoming earnings season.

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Wall Street Eager for Earnings Season

AP - All the talk about economic growth, inflation, oil prices and interest rates can send the markets scurrying in any direction. But when it comes to stocks, there's no better indicator of performance than earnings. Second-quarter earnings season begins in earnest this week.

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Japan stocks gain after job data boosts

Reuters - Japan's Nikkei average rose 1.06 percent by midsession on Monday as healthy gains on Wall Street, inspired by modest U.S. job creation, encouraged investors to buy Toyota Motor Corp. and other blue chips.

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