Monday, July 04, 2005

Stock Markets Morning News 7/4/2005

Dow ends higher on GM sales, U.S. data

Reuters - U.S. blue-chip stocks advanced on Friday, helped by evidence of stronger consumer confidence and manufacturing last month, while General Motors Corp. shares climbed after it reported a jump in sales.

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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.

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Overseas markets mostly higher, gain strength from Fed's latest rate hike

Canadian Press - TORONTO (CP) - With Americans celebrating the Fourth of July holiday and few corporate events scheduled, Canadian markets are expected to open on a quiet note Monday ahead of the Bank of Canada's latest business outlook survey.

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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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Dow Closes Higher, Nasdaq Ends Unchanged

AP - Wall Street finished a lackluster session with modest gains Friday as stronger-than-expected economic data helped investors rebound slightly from their disappointment with the Federal Reserve's latest policy statement. The major indexes finished the week narrowly higher.

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Friday's Wall Street Glance

AP - Dow Jones Industrials

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U.S. blue chips buoyed by GM and Exxon

Reuters - U.S. blue-chip stocks advanced on Friday, as a surge of over $2 in oil prices boosted Exxon Mobil Corp., while General Motors Corp. rose after the automaker said June U.S. sales jumped.

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Dollar slips to lows on May durable goods

Reuters - The dollar initially slipped to session lows against the euro on Friday, after a report showed demand for U.S. big ticket items slipped in some categories in May.

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Two More Seat Holders Sue NYSE Over Merger

AP - Two more New York Stock Exchange seat holders filed suit against the Big Board Thursday, seeking the release of documents and records of the exchange's merger agreement with all-electronic rival Archipelago Holdings Inc.

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Stocks seen touch higher on techs

Reuters - Technology stocks could drive U.S. stocks higher early on Wednesday but a fresh earnings warning from Ford and another expected drop in U.S. oil inventories should keep market gains limited.

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