Tuesday, August 23, 2005

Stock Markets Afternoon News 8/23/2005

Stocks little changed, housing firms fall

Traders work the floor of the New York Stock Exchange in this file photo, August 11, 2005. (Reuters/Keith Bedford)Reuters - U.S. stocks were little changed on Tuesday, led by decliners in the home-building sector, as a report showed a drop in existing home sales.


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Stocks Fall As Existing Home Sales Slide

A Harley-Davidson Springer Softail sits in the middle of the trading floor of the New York Stock Exchange, Tuesday, August 23, 2005. The motorcycle was  used as a prop for a television segment about Harley-Davidson motorcycles. Harley-Davidson CEO Jim Ziemer was to ring the closing bell later in the day.  (AP Photo/Henny Ray Abrams)AP - Wall Street was mostly lower Tuesday as existing home sales slid and volatile oil prices exacerbated the market's summer malaise.


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Stocks lower as energy, financials pressure TSX; home sales help send NY lower

Canadian Press - TORONTO (CP) - The Toronto stock market was stuck on negative ground Tuesday afternoon as the start of the big banks' quarterly reporting season got off to a rocky start and energy stocks retreated on a slight dip in oil prices.

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Before the Bell: Google, Plumtree gain

Reuters - Google Inc. rose nearly 1 percent before the bell on Tuesday after the Los Angeles Times reported the Web search company will launch its own instant messaging system .

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Monday's Wall Street Glance

AP - Dow Jones Industrials

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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.

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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.

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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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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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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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