Wednesday, September 28, 2005

Stock Markets Afternoon News 9/28/2005

Stocks rise as oil ends below $67

U.S. blue-chip stocks edged higher on Tuesday in a modest relief rally after Federal Reserve Chairman Alan Greenspan steered clear of talking directly about the interest-rate outlook, while tech shares fell after a Wall Street downgrade of semiconductor companies. (Chip East/Reuters)Reuters - U.S. stocks gained slightly on Wednesday after crude oil prices closed off the day's highs, but worry that high fuel costs will put a dent in household and corporate budgets lingered in the market, limiting advances.


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Stocks Drop As Oil Tops $67 Per Barrel

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 moved higher in a volatile session Wednesday as investors welcomed new government data showing a reinvigorated industrial sector but wrestled with a jump in oil prices that briefly sent crude futures above $67 per barrel.


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TSX up on higher oil prices, NY gains on economic data; Vincor soars on takeover bid

Pedestrians pass by a stock price indicator in downtown Tokyo. The Nikkei 225 index closed at 13,435.91 points up 125.87 points, or 0.95 percent, from Tuesday, its highest finish since May 30, 2001. (AP Photo/Itsuo Inouye)Canadian Press - TORONTO (CP) - The Toronto stock market turned positive Wednesday afternoon as data on U.S. crude supplies sent the price of oil up more than $2 US a barrel.


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Dollar pares losses after durables data

Reuters - The dollar pared losses early on Wednesday after a report on U.S. durable goods orders last month beat analysts' expectations.

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Wall Street seen firmer

Reuters - Shares on Wall Street are expected to open higher on Wednesday as the oil price continues to recoil while durable goods orders data look set to show a rise, suggesting production remains quite strong.

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Dollar near peaks as higher rates seen

The dollar rallied on Tuesday, hitting 2-month highs against the euro and yen, as traders focused on remarks from Federal Reserve officials that point to more interest rate increases. (file picture/Reuters)Reuters - The dollar stayed near two-month highs against the yen and the euro on Wednesday as a swelling chorus of comments from Federal Reserve officials suggested the currency's interest rate advantage would keep strengthening.


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Nikkei rises on autos, TOPIX rallies

Reuters - Japan's Nikkei share average rose 0.38 percent on Wednesday as investors bought auto makers such as Toyota Motor Corp. on hopes their profits would gain from the dollar's advance against the yen.

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Tuesday's Wall Street Glance

AP - Dow Jones Industrials

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NYSE Rejects Private Equity Offer

AP - The New York Stock Exchange is not interested in selling a stake to private equity firms, the exchange's chief executive said Tuesday after a newspaper reported the Big Board abnegated such a deal over the summer.

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Blue-chip stocks end up after Fed

Reuters - U.S. blue-chip stocks ended slightly higher on Tuesday after Federal Reserve officials offered reassuring comments on asset prices and inflation, while technology shares ended down after a ratings downgrade of chip makers.

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