Tuesday, September 27, 2005

Stock Markets Afternoon News 9/27/2005

Blue-chip stocks rise after Fed comments

A flooded area is seen south Lake Charles, after hurricane Rita hits coastal communities in Texas and Louisiana, September 25, 2005. (Carlos Barria/Reuters)Reuters - U.S. blue-chip stocks extended gains on Tuesday after Federal Reserve officials, including Chairman Alan Greenspan, offered reassuring comments on asset prices and inflation.


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Stocks Turn Higher on Greenspan Remarks

In a file photo specialiat Richard Plum, second from right, grasps his head as he directs trading is shares of Estee Lauder on the floor of the New York Stock Exchange, Tuesday Sept. 20, 2005.    Stocks turned modestly lower Tuesday, Sept. 27, 2005,  as consumer confidence hit its lowest point in two years.  (AP Photo/Richard Drew)AP - Stocks turned moderately higher Tuesday after Federal Reserve Chairman Alan Greenspan said the economy has weathered the increase in oil prices "reasonably well."


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Financials bolster TSX, NY heads lower on economic data, higher gasoline

Canadian Press - TORONTO (CP) - A strong showing by financial stocks helped send the Toronto stock market higher Tuesday afternoon.

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Dollar shrugs off consumer confidence sag

Reuters - The dollar held overnight gains on Tuesday as traders shrugged off a sharp fall in September U.S. consumer confidence and instead anticipated a speech by the Federal Reserve chief would reinforce expectations of higher interest rates.

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Wall St seen flat as rate fears weigh

Reuters - U.S. futures pointed to a flat to slightly weaker Wall Street opening on Tuesday with trade seen cautious as worries over higher interest rates vied with lower oil prices ahead of key economic data.

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Monday's Wall Street Glance

AP - Dow Jones Industrials

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Big Movers in the Stock Market

AP - Stocks that were moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market.

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Rita, No Katrina, May Boost U.S. Stocks

A fishing boat is seen on its side in this aerial view with the U.S. Coast Guard, over Port Arthur, Texas, Saturday, Sept. 24, 2005, in the aftermath of Hurricane Rita. (AP Photo/David L. Ryan, Pool)AP - To say Hurricane Rita wasn't "that bad" obviously minimizes the loss of life and immense damage suffered along the Texas and Louisiana coasts. But from the stock market's point of view, Rita was no Katrina. And that may bode well this week for Wall Street.


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Dollar seen stronger on Rita relief

Reuters - The dollar and Treasury yields could move higher on Monday after Hurricane Rita mostly spared Texas oil refiners, and crude and gasoline prices slipped, analysts said.

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Corn: NYSE's Biggest Loser

The Motley Fool - With blood running in the streets, is it time to buy Corn Products?

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