Monday, August 01, 2005

Stock Markets Afternoon News 8/1/2005

Techs rise helped by eBay upgrade

Reuters - U.S. technology stocks climbed higher on Monday led by shares of Web marketplace eBay Inc. , which rose following a brokerage upgrade.

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Stocks Mixed Despite Strong Wal-Mart Sales

AP - Concerns about higher interest rates kept stocks mixed in uninspired trading Monday despite strong sales at Wal-Mart Stores Inc. and a better-than-expected reading of the nation's industrial activity. A new record for crude oil futures limited the market's gains.

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European shares edge up, ABN dips

Reuters - European shares ticked higher on Monday as crude prices near $61 a barrel supported heavyweight oil stocks, while a weak finish on Wall Street on Friday and a dip in mining shares capped gains.

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Dollar slips, U.S. factory data eyed

Reuters - The dollar slipped against major currencies on Monday as the market looked to see if a report on U.S. manufacturing later in the day would reinvigorate the currency's flagging rally.

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Nikkei hits 4-1/2-month closing high

Reuters - The Nikkei average climbed for a fourth session on Monday to hit its highest close in four and a half months as rising oil prices lifted energy stocks and earnings prospects boosted firms like Komatsu Ltd. and NTT DoCoMo Inc.

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Wall Street Hopes New Data Will Fuel Rally

AP - Wall Street's predictions of a summer rally were borne out in July, with stocks enjoying surprising gains thanks to good economic data and a solid earnings performance from corporate America. But as Friday's losses illustrated, investors may be wondering whether stocks are due for a downturn.

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Earnings reports weigh on stock market investors this week

Canadian Press - TORONTO (CP) - North American stock markets will be swayed by another spate of earnings reports this week, along with pivotal employment data from both sides of the border.

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Friday's Wall Street Glance

AP - Dow Jones Industrials

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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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