Friday, August 05, 2005

Stock Markets Morning News 8/5/2005

Stocks down on jobs report; Delphi falls

Reuters - U.S. stocks slid on Friday after a government report showed job creation was higher than expected last month, cementing expectations that the Federal Reserve will keep raising interest rates.

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Stocks and Bonds Fall on Economic Data

AP - Stocks and bonds fell Friday after the Labor Department reported surprisingly strong gains in jobs and wages. Investors feared that a more robust labor market and higher wages could spark inflation and lead to more interest rate hikes.

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Stock market signals show weakness, Cdn unemployment rate edges up

Canadian Press - TORONTO (CP) - Global indicators signalled some weakness for North American stock markets Friday while crude oil prices rose and Canadian unemployment edged higher.

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Strong earnings cap European shares fall

Reuters - European shares slipped on Friday after a sharp fall on Wall Street and as traders awaited U.S. jobs data although Barclays climbed on strong first-half figures.

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Nikkei falls on worries about Japan postal bills

Reuters - Tokyo's Nikkei average sank 0.98 percent on Friday as growing concerns over a vote on bills to privatize Japan's postal system encouraged investors to cash in Toyota Motor Corp. and other recent gainers.

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Thursday's Wall Street Glance

AP - Dow Jones Industrials

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A Status Report on Wall Street Indexes

AP - Investors cast off their July euphoria for the second straight day Thursday, shaving stock prices on lukewarm retail sales that set a dour tone for the day. Rising oil prices didn't help the market, which ignored the day's biggest bright spot, a positive unemployment claims report from the Labor Department.

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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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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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