Friday, July 29, 2005

Stock Markets Morning News 7/29/2005

Stocks flat after GDP is as expected

Reuters - U.S. stocks were little changed on Friday after a government report showed the economy grew as expected in the second quarter, while profits that topped estimates from companies like Whole Foods Market Inc. lent support.

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Stocks Rise on Consumer Confidence Report

AP - A bullish consumer confidence report helped stocks edge higher Friday despite lower-than-expected growth in the nation's gross domestic product. Profit-taking following the market's big July gains limited the advance.

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Global indicators strong before long weekend for Toronto stock market

Canadian Press - TORONTO (CP) - Just before a three-day weekend for Canada's main stock market, global indicators were overhelmingly positive for North American indexes early Friday.

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Nikkei hits 4-month closing high

Reuters - Japan's Nikkei average rose 0.35 percent to a four-month closing high on Friday as firm industrial output data fueled investor enthusiasm for strong earners such as Matsushita Electric Industrial Co.

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Dollar steady before growth data

Reuters - The dollar held steady in a narrow band on Friday ahead of U.S. economic growth data that could strengthen the Federal Reserve's resolve to keep raising interest rates, which would buoy the U.S. currency.

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Thursday's Wall Street Glance

AP - Dow Jones Industrials

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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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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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