Thursday, August 11, 2005

Stock Markets Afternoon News 8/11/2005

Stocks rise as oil aids energy sector

Reuters - U.S. stocks rose on Thursday as crude hit a record $66 a barrel, boosting energy companies such as Exxon Mobil Corp. , and as wireless technology company Qualcomm Inc. rose on an acquisition.

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Stocks positive, investors keep watch on surging oil prices, disappointing retail sales

Canadian Press - TORONTO (CP) - Stock markets held on to moderate gains Thursday afternoon even as the price of oil hit new highs and investors took in a disappointing U.S. retail report.

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Stocks Give Up Gains As Market Watches Oil

Traders react during trading in the oil futures pit at the Mercantile Exchange in New York, Thursday Aug. 11, 2005. Oil prices were hovering around $65 a barrel Thursday after hitting a new intraday high of $65.30 in earlier trading over gasoline supply fears.  (AP Photo/Bebeto Matthews)AP - Stocks struggled to stay in positive territory Thursday as investors kept a close watch on surging oil prices and studied a new report showing a smaller-than-expected rise in retail sales.


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Nikkei hits 4-year closing high, banks up

A man walks past an electronic board showing the Nikkei share average in Tokyo August 11, 2005. Japan's Nikkei share average rose 1.37 percent to its highest close since 2001 on Thursday as investors, inspired by data this week showing improved economic fundamentals, returned to the long-overlooked financial sector. (Issei Kato/Reuters)Reuters - Japan's Nikkei share average rose 1.37 percent to its highest close since 2001 on Thursday as investors, inspired by data this week showing improved economic fundamentals, returned to the long-overlooked financial sector.


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Yen climbs on flock to Tokyo shares

Reuters - The yen extended its winning streak against the dollar on Thursday, with foreign investors flocking to Tokyo shares and helping drive major indexes to four-year highs on optimism about growth in Japan.

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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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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.

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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.

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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.

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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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