Thursday, September 29, 2005

Stock Markets Afternoon News 9/29/2005

Stocks rally as jobless data cheers

The cooling tower at the Port Arthur petrochemical plant in Texas shows damage caused by Hurricane Rita September 27, 2005. (Tim Johnson/Reuters)Reuters - Stocks rose on Thursday, led by technology shares, as a big drop in weekly unemployment claims and better-than-expected earnings from companies including PepsiCo Inc. lifted sentiment about the economy.


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Stocks Edge Higher As Oil Prices Fall

U.S. Commerce Secretary Carlos M. Gutierrez, left, and NYSE CEO John Thain, walk the trading floor after Gutierrez rang the New York Stock Exchange opening bell, Thursday Sept. 29, 2005. A Commerce Department report released Thursday showed that gross domestic product grew at a 3.3 percent annual rate in the second quarter, confirming that economic activity was humming along at a respectable pace before hurricanes Katrina and Rita struck. (AP Photo/Riochard Drew)AP - Stocks rallied in erratic trading Thursday as investors grew more confident about the prospects for the economy despite the impact of hurricanes Rita and Katrina.


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Stock markets head higher on easing of energy prices, corporate news

Canadian Press - TORONTO (CP) - Stock markets moved higher Thursday with investors relieved to see a retreat in energy prices on higher inventories and imports.

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Dollar firms to highs on jobless claims

Reuters - The dollar pushed to session highs against the euro on Thursday, after a report on U.S. initial jobless claims came in stronger than expected.

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Wall St seen up as oil holds steady

Reuters - Wall Street shares are set to open higher on Thursday as the oil price held steady albeit above $66/barrel and the Nikkei (.N225) hurdled 13,500 with markets watching U.S. economic growth data and Pepsico results due.

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Dollar pulls back from 2-month high

Reuters - The dollar slipped further from two-month highs against the yen on Thursday as foreign investors helped drive Tokyo share indices to new four-year highs and took heart from Japan's brightening economic outlook.

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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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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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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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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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