Thursday, August 18, 2005

Stock Markets Afternoon News 8/18/2005

Stocks flat on consumer spending worries

Reuters - U.S. stocks were nearly unchanged on Thursday, with investors concerned that further warnings from retailers of slowing growth suggested that higher oil prices were eating into consumer spending.

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Stock Mixed on Economic and Oil Worries

A man walks by a Tokyo  brokerage's stock price board indicating the Nikkei 225 index's 46.91-point surge to 12,320.04 points on the Tokyo stock exchange Thursday afternoon, Aug. 18, 2005. Japanese stocks rose Thursday following a rebound in U.S. stocks overnight and buoyed by gains in technology and auto issues. The Nikkei rose to 34.25 points, or 0.28 percent to close at 12,307.37 points for the day. (AP Photo/Katsumi Kasahara)AP - Wall Street struggled through an indecisive session Thursday, as investors grappled with higher energy costs, the prospect of declining earnings growth and a slower economy.


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Stocks mixed; TSX slides more than 100 points as energy sector slips

Canadian Press - TORONTO (CP) - The Toronto stock market headed for its second triple digit close this week in a broad-based decline Thursday afternoon led by the financial and energy sectors.

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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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NYSE says fines Merrill Lynch $10 mln

Reuters - The New York Stock Exchange on Monday said it fined Merrill Lynch & Co. , the biggest U.S. brokerage, $10 million for "supervisory and operational failures."

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Market Should Rise Despite High Oil Prices

AP - A stock market that has shuttled between a level of comfort over the economy and deep anxiety over oil prices may be making that zigzag again this week as the government releases key inflation figures.

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Nikkei ends flat after GDP, off 4-yr high

Reuters - Tokyo's Nikkei average ended down 0.01 percent on Friday, a touch off the previous day's four-year high as weaker-than-expected GDP and a higher yen prompted selling in JFE Holdings and other recent gainers.

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Yen near 6-week high

Reuters - The yen held near a six-week high against the dollar on Friday as investors shrugged off a weaker headline figure for second-quarter growth in Japan and focused on an upbeat outlook for the economy's recovery.

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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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