Stocks fall as oil gains by nearly $2
Reuters - U.S. stocks declined on Wednesday as concerns about a slowdown in consumer spending and weaker corporate profit growth were sparked by an almost $2 spike in crude oil prices.
Oil Price Rise Deflates Stocks; Dow Off 55
AP - A sharp rise in oil prices pushed stocks lower Wednesday as investors nervously eyed new data showing that high energy prices have had a slowing effect on the economy.
North American indexes mixed as crude oil climbs, U.S. retail sales tumble
Canadian Press - TORONTO (CP) - Canada's benchmark stock index bolstered its rally Wednesday afternoon as crude oil prices surged above $64 US a barrel after a U.S. petroleum report showed a drop in inventories because of hurricane Katrina.
Ex-Regulator: NYSE Dropped Cases at Request
AP - The New York Stock Exchange, acting on a request by a top Securities and Exchange Commission official, in 2001 dropped cases against a dozen firms whose e-mail retention and storage procedures had been found to be deficient, according to a former NYSE regulator.
Stocks fall on Hurricane-related worries
Reuters - U.S. stocks fell on Tuesday with the Dow and the S&P 500 index logging their biggest percentage declines in nearly a month amid corporate profit concerns related to the impact of Hurricane Katrina, high oil prices and lackluster consumer spending.
Tuesday's Wall Street Glance
AP - Dow Jones Industrials
BP Unit Innovene Files for NYSE IPO
AP - Innovene, a Chicago-based unit of British oil company BP PLC that makes chemicals for lubricants, paint and fabric, has registered for an initial public offering on the New York Stock Exchange, in line with previously announced plans.
Wall Street seen lower ahead of PPI data
Reuters - Shares on Wall Street are expected to dip slightly at the open on Tuesday on caution ahead of key U.S. economic data which investors fear may show a rise in inflation and spur further U.S. interest rate rises.
After the Bell - Ford rises on Hertz deal
Reuters - Shares of Ford Motor Co. rose to $10.02 in extended hours of trading on Monday after it formally announced a deal to sell its Hertz Corp. unit to a group of private equity firms for $5.6 billion..
Investors Optimistic Despite Oil, Katrina
AP - Stock investors are feeling bullish these days, shrugging off so far the effects of $3-per-gallon gasoline and the short-term economic impact of Hurricane Katrina's devastation.
No comments:
Post a Comment