Online Stock Trading and Stock Market Resouces: Stock Markets Afternoon News 8/22/2005

Stocks flat as Merck drags on Dow

Reuters - U.S. stocks were little changed on Monday as a decline in drug maker Merck & Co. Inc. , a Dow component, and a rebound in oil prices offset gains from acquisitions.

Wall Street Seesaws As Oil Prices Rise

AP - The summer doldrums settled into Wall Street Monday as the rising price of oil wiped out a moderate early advance and left stocks fluctuating in a narrow range. News of several major acquisitions carried some stocks higher.

TSX holds on to minor gains as energy stocks recover, NY flat on higher oil, profit taking

Canadian Press - TORONTO (CP) - The Toronto stock market was ahead Monday afternoon but well off its session highs as gains in energy stocks dipped and the financial sector turned negative. The gains came after the Toronto market had one of its rare losing weeks last week, mainly because of a dip in oil prices and energy stocks.

Market at Crossroads of Earnings and Oil

AP - Wall Street's gains from bullish second-quarter earnings are evaporating quickly in the face of near-record crude oil futures and increasing evidence that high gasoline prices are diverting consumers' dollars.

Friday's Wall Street Glance

AP - Dow Jones Industrials

Dollar clings to gains after 5 day rise

Reuters - The dollar held gains on Friday after a five-day winning streak against a basket of major currencies, as a robust U.S. factory survey backed views the Federal Reserve will keep raising interest rates.

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."

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.

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.

Online Stock Trading and Stock Market Resouces

Monday, August 22, 2005

Stock Markets Afternoon News 8/22/2005

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