Stocks dip, hurt by record-high oil price
Reuters - U.S. stocks were lower in early trading on Wednesday, weighed down by a run-up in oil prices to a new record high of $62.47 and lower-than-expected earnings from companies including Time Warner Inc. .
Stocks Drop As Oil Sets Another Record
AP - Wall Street retreated Wednesday as a spike in oil prices and disappointing earnings from Time Warner Inc. prompted investors to collect profits from the previous session's record-setting gains.
North American indexes languish as crude oil sells above US$62 a barrel
Canadian Press - TORONTO (CP) - North American stock markets tumbled in early trading Wednesday as crude oil moved above $62 US a barrel and set a new intraday high.
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.
Japan's Nikkei firm after hitting 12,000
Reuters - Tokyo's Nikkei average remained firm near the key 12,000 mark on Wednesday after breaking above that level for the first time since April last year, as investors bought strong earners such as Astellas Pharma Inc.
Tuesday's Wall Street Glance
AP - Dow Jones Industrials
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.
Dollar hits 1-1/2 week low vs yen
Reuters - The dollar hit a 1-1/2 week low against the yen on Tuesday as investors awaited more convincing evidence to boost U.S. interest rate hike expectations after the greenback failed to rally on strong U.S. data.
Wall Street Hopes New Data Will Fuel Rally
AP - Wall Street's predictions of a summer rally were borne out in July, with stocks enjoying surprising gains thanks to good economic data and a solid earnings performance from corporate America. But as Friday's losses illustrated, investors may be wondering whether stocks are due for a downturn.
NYSE Criticized Over Governance Policies
AP - When the New York Stock Exchange unveiled its landmark acquisition of Archipelago Holdings Inc., Big Board Chief Executive John Thain pledged that the merged company would be a "model for best practices in corporate governance."
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