Stocks fall as oil price climbs to $65
Reuters - U.S. stocks erased gains and were lower late on Wednesday on concern a rapid rise in oil prices to record highs may hurt the U.S. economic recovery and dent corporate profits.
Run-Up in Oil Prices Chokes Stock Rally
AP - Oil prices that soared to $65 a barrel choked off an early rally on Wall Street Wednesday, pummeling the market's optimism about the economy in the process. The tech-focused Nasdaq composite index was also hurt by a disappointing forecast from networking gear maker Cisco Systems Inc.
Stocks rise on hopes economy will remain strong despite higher rate, oil prices
Canadian Press - TORONTO (CP) - Stock markets registered strong gains Wednesday morning even as investors deal with higher interest rates and oil prices.
Tokyo stocks hit multi-year highs on economy hopes
Reuters - Tokyo stocks rose to multi-year highs on Wednesday, with the Nikkei average booking a 15-month closing high and the broader TOPIX index logging its highest finish in four years.
Dollar inches up vs. euro post-Fed
Reuters - The dollar edged up against the euro on Wednesday, recovering from an initial drop after the Federal Reserve raised interest rates for a 10th straight time and indicated even more are on the way.
Tuesday's Wall Street Glance
AP - Dow Jones Industrials
Stocks set to edge up as Fed tops agenda
Reuters - Stocks were seen opening slightly higher on Tuesday, reversing some of the previous day's losses, with the focus on an expected hike in interest rates.
Stocks drop on oil at record $64
Reuters - U.S. stocks slipped on Monday as crude oil climbed to a record $64 a barrel, stoking concerns about the impact of high energy costs on corporate profits and consumer spending, while worries about rising interest rates hurt shares of banks and home builders.
Any lift to stocks from Fed short-lived
Reuters - A better-than-expected jobs report last week squashed hope the Federal Reserve will pause in its campaign to raise interest rates and took away a major catalyst for U.S. stocks in a historically weak month.
European shares rise as techs rally
Reuters - European stocks gained on Monday, led by a rise in Nokia on a media report that Cisco Systems is considering buying the world's top mobile handset maker, while oil prices near record highs lifted Total.
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