Wednesday, August 24, 2005

Stock Markets Morning News 8/24/2005

New home sales data offsets durable goods

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 flat on Wednesday after a report showed new home sales unexpectedly rose last month, erasing earlier declines from weaker-than-forecast data on durable goods orders.


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Stocks Mixed As Investors Weigh Data

CNBC's Bob Pisani sits on a Harley-Davidson Springer Softail on the floor of the New York Stock Exchange after broadcasting a live segment from the seat of bike, Tuesday, August 23, 2005. Harley-Davidson CEO Jim Ziemer was to ring the closing bell later in the day in celebration of the company's 2006 model line.  (AP Photo/Henny Ray Abrams)AP - Stocks were little changed Wednesday as a sharp drop in orders for big-ticket manufactured items pointed to a potentially slowing economy, but strong new home sales eased investors' concerns about rising interest rates.


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Stock markets mixed on weak U.S. durable-goods report, higher oil prices

Canadian Press - TORONTO (CP) - The Toronto stock market registered a slight gain Wednesday morning as energy stocks moved higher on advancing oil prices.

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Dollar clings to gains ahead of data

Reuters - The dollar held on to its gains on Wednesday as investors awaited U.S. durable goods data and a speech from a Federal Reserve policymaker to give indications of the interest rate outlook.

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Tuesday's Wall Street Glance

AP - Dow Jones Industrials

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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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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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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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