Stocks open lower as crude prices weigh
Reuters - U.S. stocks opened lower on Tuesday as crude oil prices climbed past $59 a barrel, spurring worries that rising fuel costs would hit corporate profits and consumer spending.
Markets mixed as TSX jumps on higher oil, N.Y. lower following July 4 holiday
Canadian Press - TORONTO (CP) - The Toronto stock market advanced Tuesday morning as the price of crude oil crept back toward the $60 US a barrel mark, sending energy shares higher.
Stocks Drop on Earnings Anticipation
AP - Stocks edged lower Monday as investors, already disappointed at the promise of more interest rate increases and nervous about the coming earnings season, watched the dollar strengthen and oil prices rise.
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.
Friday's Wall Street Glance
AP - Dow Jones Industrials
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.
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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