Thursday, August 04, 2005

Stock Markets Afternoon News 8/4/2005

Stocks knocked lower by oil, retail data

Reuters - U.S. stocks fell on Thursday as higher oil prices renewed worries about rising energy costs and largely disappointing July sales numbers for major U.S. retailers raised concerns about lackluster consumer spending.

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Retail Sales Reports Push Stocks Lower

AP - Economic worries plagued Wall Street Thursday, sending stocks substantially lower as investors grew concerned about the impact of oil prices on consumer spending.

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Two NYSE Board Members Resign

AP - Herbert M. Allison Jr. and Dennis Weatherstone have resigned from the New York Stock Exchange's board of directors, the NYSE said Thursday.

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Jobs data must be ideal for stocks rally

Reuters - For stock investors this month, a fairy tale U.S. employment report would be one that's not too big, not too small, but just right.

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North American stock markets mostly negative as crude oil prices rise

Canadian Press - TORONTO (CP) - Canada's benchmark stock index stayed negative late Thursday morning as losses in financial and metals industry shares offset modest energy-sector gains.

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Nikkei falls below 11,900 as Toyota sags

Reuters - The Nikkei share average slid under the 11,900 mark on Thursday after investors -- nervous about political wrangling over Japan's postal reform bills -- sold off Toyota Motor Corp. on weaker earnings and cashed in recent winners across the board.

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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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NYSE Seat Sold for Record $3 Million

AP - As the New York Stock Exchange pursues its acquisition of electronic rival Archipelago Holdings Inc., a seat on the Big Board sold Wednesday for a record $3 million.

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European shares dip in results flood

Reuters - European shares opened lower on Wednesday as investors absorbed a deluge of results from top companies, while sporting goods firm Adidas fell after agreeing to buy U.S. rival Reebok for 3.1 billion euros.

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Stocks up on consumer data

Reuters - U.S. stocks rose on Tuesday, after a government report showed strong consumer spending in June, while a favorable industry outlook from chipmaker Maxim Integrated Products Inc. led the tech-laced Nasdaq to a fresh 4-year high.

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