Wednesday, August 17, 2005

Stock Markets Morning News 8/17/2005

Stocks flat after Hewlett-Packard report

A customer fills up his vehicle with gasoline in New York as prices surge to record high August 11, 2005. U.S. stocks dropped on Tuesday, with the Nasdaq and the S&P 500 in their biggest one-day percentage declines since April, after Wal-Mart Stores Inc. <WMT.N> warned rising oil prices were taking a toll on consumer spending.  Photo by Teddy Blackburn/ReutersReuters - U.S. stock were little changed on Wednesday after data showed July producer prices rose twice as fast as expected, but positive quarterly earnings reports from Hewlett-Packard Co. and others eased fears about inflation and interest rates.


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Stocks mixed as TSX energy sector retreats, NY flat on higher inflation

Canadian Press - TORONTO (CP) - Declining resource stocks, particularly energy issues, took the Toronto stock market lower Wednesday morning.

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Stocks Hardly Move After Inflation Data

Sprint Nextel President and Chief Executive Officer Gary Forsee, fourth from left, and Executive Chairman Tim Donohue, fifth from left, join executives and guests of Sprint Nextel at the opening bell of the New York Stock Exchange Tuesday, Aug. 16, 2005. (AP Photo/New York Stock Exchange)AP - Stocks barely budged Wednesday as government data showed wholesale inflation for July increased by the largest amount in nine months thanks to higher gas prices.


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Tuesday'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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