Thursday, August 25, 2005

Stock Markets Morning News 8/25/2005

Stocks open up as oil, jobs data weigh

Traders work the floor of the New York Stock Exchange August 11, 2005. Stocks gained on August 24, 2005 after a surprising gain in new home sales increased demand for equities, offsetting an earlier decline that came on the heels of lower-than-expected durable goods orders. (Keith Bedford/Reuters)Reuters - U.S. stocks opened slightly higher on Thursday as crude oil prices edged lower after touching a record $68 a barrel, while a drop in weekly jobless claims signaled strength in the jobs market.


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Stocks Are Flat on Oil Pricing Concerns

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 - Chronic concerns about record oil prices kept stocks flat in early trading Thursday despite a series of new corporate acquisitions and a reorganization at Eastman Kodak Co.


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Global indicators mixed for North American markets, oil retreats from US$68

Canadian Press - TORONTO (CP) - Global indicators were all over the map early Thursday while crude oil pulled back from a record $68 US a barrel.

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Thursday's Wall Street Glance

AP - Dow Jones Industrials

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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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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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